Feasiblity Report on catfish Production (part 2)

Written by Robert Oni


FINANCIAL PROJECTIONS

The money expected, depends onrepparttar turnout ofrepparttar 136242 farm. As a rule howeverrepparttar 136243 profit rate is about 75 – 80%. Fishes are sold in weights (KG) and not in numbers. Loss or non-loss or gains in weight in turnouts will either extend or shortenrepparttar 136244 time to achieve financial goals of profit making and forrepparttar 136245 business to sustain itself.

Oncerepparttar 136246 ponds are constructed, fish to be stocked are booked or produced at least one month before stocking and other facilities put in place,repparttar 136247 venture can be become operational within 2 months from repparttar 136248 day of financial mobilization and cash backing. It is also expected to become profitable not more than 1 year afterrepparttar 136249 1st harvest,repparttar 136250 1st harvest is expected to be not more than 6 months afterrepparttar 136251 1st stocking and continues every 2 weeks or monthly. In other words if we stock a certain number every 2 weeks or monthly, afterrepparttar 136252 1st 6 months we should begging harvesting a certain kilogram every 2 weeks or monthly too.

SKILLS AND ABILITIES FOR SUCCESS

Fish farming is a risky business that requires special knowledge and skills. A good management practice isrepparttar 136253 key. Individuals with little or no experience can also be successful. Enlistingrepparttar 136254 assistance of someone inrepparttar 136255 know-how ofrepparttar 136256 business either by profession or/and by experience is essential. Supervision and training would also be giving to persons of little or no experience. Other factors to consider include:

Employment of adequate staff and paying competitive salary Employing a marketing officer Provision of official vehicle for farm operations Offering placement for I.T students Networking with other fish farmers and others inrepparttar 136257 industry.

PRODUCTION FEASIBILITY

In Nigeria, there is no special permit needed to establish a fish farm. It is a completely deregulated sector ofrepparttar 136258 economy, in fact repparttar 136259 whole of agricultural sector is. To however gain recognition by repparttar 136260 government and be a legal entity it is important to registerrepparttar 136261 business name withrepparttar 136262 corporate affairs commission, which cost a total of #30,000. With time one can then register it as a private liability company (LTD) which is #50,000 for a company with share capital of about a million.

Feasiblity Report on catfish Production (part 1)

Written by Robert Oni


TABLE OF CONTENT

nINTRODUCTION

nPRODUCT DESCRIPTION

nSUCCESS POTENTIAL

nFINANCIAL PROJECTIONS

nSKILLS AND ABILITIES FOR SUCCESS

nPRODUCTION FEASIBILITY

nLAND

nPOND CONSTRUCTION

nEQUIPMENTS

nPOWER SOURCES

nFISH STOCK

nFISH HATCHERY EQUIPMENT

nFEEDS

nFEED MILL EQUIPMENT

nFUEL AND CHEMICALS

nLABOUR AND MAINTENANCE

nHARVESTING AND MARKETING

nCONCLUSION AND SUMMARY

INTRODUCTION

The culture of African Catfish (Clarias gariepinus) is of interest here. The production method to be employed is a flow through system as opposed to re-circulatory system, which is very expensive to install. The pond types to be employed are concrete tank ponds and earthen pond, which will serve asrepparttar drainage facility, whilst still using it to rear fishes.

PRODUCT DESCRIPTION

The product is live and sold live. It will be marketed both on wholesale basis and retail basis. The Catfish is desirable to produce because of it hardy and high tolerant nature, ability to adapt to culture conditions and high feed to flesh conversion rate, which is about 70%. It is desirable too to market due to its general acceptability as an alternative source of animal protein. Its protein content is higher compared to meat and poultry.

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