Poultry Farming Business Plan for Beginners in Nigeria
Before you start, it is good to learn about the business by talking with the professionals in the industry, visit successful farms. Always take time to understand why many poultry farmers make a good profit and others make huge losses.
Successful farmers involve lots of work however easy at the same time. It is not a lazy man’s work and you have to do everything timely and perfectly according to the plan. A good poultry farming business plan that can be presented to any investor for bank loan or grant.
Poultry farming is a very lucrative business since products of chicken are among the major source of proteins aside from beef, pork and fish. Chicken products are an integral part of human life.
Small scale production will only fulfil the animal nutritional demand for family, but the large scale production will offer a big income opportunity if you are planning to run it properly under the accepted methods and conditions conducive for the birds and when such principles are ignored it leads to serious losses.
Steps by Steps to Formulate Your Poultry Farming Business Plan
The first step is the formulation of a business plan that will highlight what goals you want to achieve and how you want to operate your business. The business plan should also have a budget for land, feeds and pieces of equipment.
The farm should be situated strategically. Close to the market. Budget for the feeds from when the birds are young to maturity should be done.
Poultry farming business is capital intensive; depending on the scale, location of your farm and the type of management technology used. A good location is vital to the success and profitability of your poultry farm.
An ideal poultry farm should be sited where there is a large availability of cheap land and at the same time; should be close to areas with high population density.
Equipment should be of the right number to cater for all the birds so that all the birds grow uniformly. Make a decision on how best to raise your birds. You can either use conventional systems which involve confining the birds, at free-range the birds to run off the farm to behave as naturally as possible. Decide which sectors of the poultry industry you want to pursue.
There are various ways to make money in poultry egg and meat production, there is hatchery business, formulating feeds and manufacture of poultry equipment. You can either combine one or two and always strive to be the biggest producer of your product of choice.
Keep up with records and accounting of your business. This will tell you if you are making a profit or not. How you market your products also determines success for your business.
I will also recommend determining market facilities within your reach before starting any business. Cheap ways to market yourself include word of mouth. Make people know that you are associated with certain poultry products. Other marketing ways which require capital include online marketing, newspaper and television adverts.
Equipment and Appliances to be included Business Plan
There is a long list of equipment and facilities to put in place in order to fully manage a poultry farm. You would need to construct a house for the birds, provide feeders and drinkers, a good waste disposal system, source of water, lightening and heat, egg crates and storage space for keeping feed and eggs.
You should make a list of all the items you would need, find out the prices and compare different prices to further give you an idea of the costs of setting up the poultry farm. The following equipment may be needed for your poultry farm and their uses:
- Lighting system
- Waste disposal system
- Heaters or brooders
- Egg tray
- Cages and coops
Profitableventure.com recommended that if you are planning to go on a larger scale, you need to be producing your feeds by yourself. This will help you to save a lot of money on feeding costs.
You can easily learn how to make poultry feeds, purchase equipment and start producing feeds for your farm. You can even make some extra income for yourself by selling to others but it is important that you get the right feed formula and ingredients that would enhance the growth of your birds.
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