Starting Catfish Farming Business

Starting Catfish Farming Business

Starting Catfish Farming Business is a free guide for starters. As a matter of facts, we offer free Consultation on Fish farming. Furthermore, we also write wining business plans and feasibility Study for you on any Agribusiness setup. 

 
Starting Catfish Farming Business

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Similarly, Fish farming is one of a kind, especially in times like this when the said protein, most purchased by the rich has become more expensive. When I say the ‘said protein,’ I mean ‘meat.’ Hence, these days, people hardly buy meat; rather they prefer to go for fish, thereby increasing the market for fish. Before now, nobody ever considered fish to be of any importance, but with the advent of things in Nigeria and the cost of meat and other poultry products, fish is now ‘Gold’ in the market and everyone wants to go for fish thereby, increasing the profits gained by fish farmers, most especially Catfish Farming.

According to statistics, fishery products constitute 60% of ‘meat’ products in the Nigerian market because, of the popularity it has gained and its affordability compared to poultry products (chicken) and other domestic animals (cattle, goat, rabbit, etc.)

Furthermore, another reason why fish farming is most profitable in Nigeria is because, of its nutritional value, as it is said to be one of the highest source of protein, containing Omega-3 fatty acids, Vitamins D and B2(riboflavin,) Calcium, Phosphorus, Minerals such as iron, zinc, iodine magnesium and Potasium.

Fish farming is also of great benefit because, it does not take time for the fish to grow to maturity, as the fish can be fed with certain feeds, ensuring that they are harvested and sold within a short period of time.

In Nigeria, fish farming is very profitable, in the sense that, if a fish farmer or someone who intends to invest in fish farming, should invest the sum of three million naira, s/he could easily make a profit of four million naira within six months. This is due to the fact that, fish farming can be set up anywhere, including residential areas, without any regulatory precaution.

To start a fish farm in Nigeria requires a little training on the part of the fish farmer:

  1. S/he has to siphon the pond every morning, so as to remove the remnant of the fish feed, the waste products of the Catfish, this is done using a siphoning host, hence, the fish farmer requires a skill in SIPHONING.

  2. The fish farmer must endeavour to change the water in the pond at least every three days or on a weekly bases, depending on the growth of the Catfish.

  3.  S/he must also endeavour to check the Catfish always, so as to separate the little ones from the big ones, as some may grow faster and bigger than the others, and Catfish being cannibalistic, the bigger ones will began to eat the smaller ones.

To start a fish farm in a small/medium scale depends greatly on the location, it could be in Lagos, Abuja, Port Harcourt, Akwa Ibom, etc. but the cost of starting a fish farm is greatly dependent on the location. To start a fish farm in Nigeria requires the following:

  • Firstly, Bore hole

  • Furthermore, Tank

  • Fish pond

  • Also, Electricity for pumping water

  • Staff

  • Lastly, Fish feed

Like I said before, the cost of starting a fish farm is relative, in the sense that, it depends on the location. For instance, if you were to start a fish farm in Lagos, you would first of all need to purchase a plot of land to construct the fish pond, and a plot of land in Ibeju-Lekki would cost you up to 750,000 naira.

Okay let’s take a case study of the cost of Catfish Farming in Anambra State, Nigeria. Say, we want to set up a Catfish Farm of capacity, 10,000 with high breed of Fingerlings; we would take into consideration the aspect of pond construction as well as marketing.

The farm in question would have 10 concrete ponds of flow through system and each pond would contain 1,000 stocked Catfish

Cost of Construction of Each Pond

  • Firstly, Each pond is 3m by 2.5m by 1.4m.

  • Secondly, Each pond consumes 210 blocks.

  • Thirdly, Each bag of cement for 30 blocks.

  • Therefore, 210 blocks X 10 ponds = 2,100 blocks.

  • 2100/30 = 70 bags of cement needed.

  • Therefore, 70 bags X 2,000 naira = 140,000 naira.

  • 4trips of sand used = 8,000 naira X 4 = 32,000 naira.

  • 2trips of gravel = 32,000 naira X 2 = 64,000 naira.

  • Firstly, Cost of labour = 180,000 naira.

  • Secondly, Cost of plumbing (inlet and outlet) = 100,000 naira.

  • Thirdly, Cost of borehole = 500,000 naira.

  • Fourthly, Cost of treatment = 60,000 naira.

  • Cost of high breed fingerlings = 30 naira X 10,000 = 30,000 naira.

  • Lastly, Cost of feeding from day one to maturity stage is 200 bags of foreign feed = 1,000,000 naira.

Average weight of fish = 1.7kg.

Each sold at = 800 naira.

= 800 naira X 9800 fishes.

= 6,860,000 naira.

Total expenses = 2,236,000 naira.

Gain = 4,624,000 naira in 6 months.

Factors to Consider When Selecting a Location for Your Fish Pond

  • Firstly, Local government permit to construct a dairy effluent pond.

  • Secondly, Buffer distance from sensitive areas.

  • Thirdly, Industry recommended distances.

  • Soil type.

  • Also, Test holes.

  • Proximity to groundwater.

  • Similarly, Maximize opportunities for effluent use.

  • Future development of the farm.

  •  Conveyance of effluent.

  • Furthermore, Proximity to calf rearing.

  • Avoidance of tree plantations to prevent pond shading.

  • Also, Accessibility to laneways and gateways to allow large machinery to access the ponds.

  • Likewise, Allowance for the installation of trafficable solids trap.

  • Finally, Space for future expansion.

Factors to Consider When Setting Up a Pond

Market: There should be a fish market near-by to allow for high capacity of sale of fish from pond harvests.

Nature of the soil: The soil should be of clay, which has high capacity to hold water. Examples of clay soil is Clay & Silt.

Topography: It should be an area where enough water can be impounded with the lowest amount of earth fill.

Water availability and quality: Water should be readily available like a borehole and be of good quality, such that would enhance the healthy growth of the fish.

Types of Pond

  • Firstly, Earthen pond

  • Secondly, Excavated pond

  • Thirdly, Embankment pond

  • Fourthly, Concrete pond

  • Finally, Plastic pond

Excavated pond: This is built on a level terrain and its depth is achieved solely by excavation. This type is safe from flood damage, requires low maintenance, and can be constructed to expose a minimum water surface area in relation to volume.

Concrete pond: 4-5 coaches of blocks are used to build the pond above the ground level, with the use of cement, sand and gravel in ratio 1:2:4 respectively with water. This type is quite cheap, at least it does not require you to buy a plot of land, you could actually build it at your backyard.

Plastic pond: This is another less expensive way of constructing a pond. It just requires you buy plastic tanks as production units. Although, it’s believed to be easier to manage, especially with the fact that, Nigerian farmers have limited land. The quantity of fish harvested from such small unit is more easily marketed than harvest from large fish pond.

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Similarly, it shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, this will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.

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