Going by the above you can estimate that it will cost you N440,000 to grow 1 … Get Fish Feed Extruder Price Now! How to start a Fishery Business in Nigeria, Steps To Start Garden Egg Farming Business In Nigeria And Tips To Succeed, Problems and Prospects of Agriculture in Nigeria, Prices Of Agricultural Machinery In Nigeria. Nevertheless, I will advise that, farmers can start with a 1,000 of fish and then can as well, increase the quantity, as this will aid them in learning and understanding the rudiments of investing in a profitable catfish farming. If your fishes exceed 1kg in weight, and you’re able to get bigger feed sizes, then you can consider giving them 8mm, or even later 10mm, feed sizes. One important rule in raising fish is “Protein Gives Protein”. However, as fish feed demand increased, owing to the increase in the number of commercial fish farms, Tiger Feeds (a local livestock feed mill company) diversified its business to include fish feed as one of its products since 2000. As a result, fish feed makes up 80 percent of the variable cost of fish farming and can significantly lower the profit margin. Course X: FISH FEED … Expenditure Details and Cost Value In Naira, -Renting pond for six months for 1,000 catfish cost           15,000, -Preparing pond, and this is only applicable to earthen pond cost 10,000, -Provision of net including workmanship cost      4,000, -Procuring young catfish, that is, at N20 each; between 6 grams and 10 grams cost             20,000, -Feeds, floating feed of 60 grams per fish, which is approximately about four bags at 7,000 each cost 28,000, -Local feed of 1,700kg at N160 per kg, at f c r of 1.7:1.  cost  272,000, -Cost of feeding: let assume it is N2,000 per month for five month cost  10,000, -Cost of logistics: let assume it is N2,000 per month for five months cost 10,000, -Security: let assume it is N1,000 per month for five months cost                5,000, -Cost of Medication, this is optional at 2,000, Read Also: Problems and Prospects of Agriculture in Nigeria, -Feeds, floating on daily basis, 74 bags at f c r of 1.1.1kg at N7000 each cost 510,000. Since the late 1960s it has been based primarily on the petroleum industry. feed in reducing production cost, thereby making fish far- 288 Afr. The containers can be wooden boxes, ammo cans, drums, etc. The company established its presence in 2000 and has since become one of the largest aquaculture companies in the Southwestern Nigeria. The demand of catfish in hotel. Catfish farming support service from Divine Fish Farm Lagos to a brand new farmer in Ogun State Nigeria, Order your dried catfish from Divine Fish Farm and Gardens. Our provide Training and Consulting in our core speciality areas of I.C.T and AGRIBUSINESS that meets your satisfaction. Geepee Tanks 500ltrs To 10000ltrs ₦ 20,000 . Cost of Catfish farming in Anambra State Nigeria: A Case Study. More so, you can then decide on the possible way you can rear them to grow to their full potential, at least to one kilometre. The table includes fish from 3 to 14 inches and examines the quantity and cost of feed needed to grow fish to market size of 1.5 pounds at an assumed feed conversion ratio of 2.5, and feed prices at $230, $250, and $270 per ton, or 11.5 cents, 12.5 cents, and 13.5 cents per pound, respectively. google_ad_slot = "9979770738"; Read Also: Cost of Feeding 1000 Catfish In Nigeria. The company established its presence in 2000 and has since become one of the largest aquaculture companies in the Southwestern Nigeria. Feeding is done twice daily at 3% body mass with a commercial feed. There is a cost attached to the security of your pond, mostly when you are not around to supervise work in your farm. Feeding machines Fish are particularly sensitive to inadequate feeding measures, but nutritional fish feed can be very expensive. Dear sir/ma The cost of 2000 Day Old chicks = 2000 x 200 = 400,000 400,000 : 00. Profitability of Catfish Farming in Nigeria. Some authors (Phillips, 1972; Prather and Lovell, 1973; Shyong et al., 1998) observed that improper protein, energy and other nutrient levels in feed increased fish production cost especially the recurrent expenditure and deteriorates water quality. Read Also: Steps To Start Garden Egg Farming Business In Nigeria And Tips To Succeed. Going by the above you can estimate that it will cost you N440,000 to grow 1 tonne of catfish flesh. What are the consequences of copyright infringement? This is very important, because you cannot tell in the event of possible mortality in your farm, in the cause of production. 1000 pieces of juveniles to average mass of 1 kg in 6 months. Durante Fish Industries Ltd. provides the best fish feed in Nigeria that comes from Skretting Fish Feed, as well as their own feed concentrate. 500 kg of bagged floating feed will cost roughly N270, 000 (two hundred and seventy thousand naira); and. Other logistics will include all the expenses made on transportation of catfish feed as well as, manpower used in the farm. Cost of feed (as of March, 2020) for raising 1 tonne of catfish. You can choose to grow 1000 kg of catfish by: Whichever method you choose from above, it is recommended that you grow with floating feed to 50% of body mass and complete with sinking feed for the remaining 50% of body mass. More and more people keep plugging in every day. I won’t be factoring in the cost of getting a land.Catfish Farming in Nigeria startup costs: 500 fingerlings: N10,000 Wooden (VAT) tank construction and labour: N150,000 4-months’ worth of feeding: N150,000Total startup capital for 500 fishes: N310, 000 OPERATION & MAINTENANCE (O&M)Catfish farming doesn’t require a very high level of O&M. Thus, while the farm gate price for a fish weighing one kilogram (1kg) is about five hundred naira (N500) or more as the case may be, two or three fishes collectively weighing … it does not matter, whether they are self-bred or you bought them from breeders, catfish at this stage does not cost more than N30. The protein content of such feed should be at least 38%. However, 1000 catfish is quite a reasonable number of fishes to work with, should you make up your mind to rear 1000 catfish. catfish spawn 2,000 to 3,000 eggs per pound of body weight; smaller females, about 4,000 eggs per pound of body weight (Figure 2). However, it is fish sizes of 800 grams and above that attracts higher value and farm gate price per kilogram of fish. Through the fish feed extruder we can use cheap local raw materials to produce high-quality fish feed, which may save feed costs. 3000 Litters Geepee Water Tanks ₦ 75,000. Read On To Know More, Top 10 Tech Startups in Nigeria that are Making Significant Making Progress and Growth, 20 Reason Why Nigeria Public Servants are Afraid of Retirement, How To Make Money From Bolt As A Driver; Bolt Car Requirements In Nigeria, How To Get Approved Easily And Tips To Make Money From It, 10 Best Elderly Care Homes in Lagos, Nigeria, 10 best investment ideas for retirement in Nigeria, 10 Best Samsung Phones 2020 and their prices in Nigeria. Our aim is to provide daily living guide for Nigerians and her friends. This is also very important. tonnes in 2000 to 2,027,797 tonnes in 2011, culminating in an annual average fish import of 738,308.69 metric tonnes between 2000 and 2012 (Figure 1). Fingerlings were of high breed catfish. Why am I using the word ‘well planned’? Price of Fish Feed In Nigeria – Photo Source: https://www.animalfeedsuppliers.com. Read Also: 9 Steps to Start Fish Farming In Nigeria. Cost of Feeding 1000 Catfish In Nigeria – Photo Source: https://guardian.ng . This Catfish farming project involves starting a small scale catfish farm in any big city of Nigeria which will produce premium quality catfish to be sold in the local market, competing with a few existing brands. Below are the expenses. google_ad_width = 300; Carp, mullet and snakehead were also produced as was a number of other fresh and brackish water species (Table 1). Catfish is often use as food source in various part of Nigeria. The cost of feed consists of between 50-75% of the total production costs of catfish in Nigeria. Whichever method you choose from above, it is recommended that you grow with floating feed to 50% of body mass and complete with sinking feed for the remaining 50% of body mass. 2. However, 1000 catfish is quite a reasonable number of fishes to work with, should you make up your mind to rear 1000 catfish. 4trips of sand used = 7,000×4 = N28,000; 2trips of gravel = 32,000x 2 = N64,00; Cost of labour = N150,00; Cost of plumbing (inlet and outlet facility) = N100,000. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader. Cost of Catfish farming in Anambra State Nigeria: A Case Study. 500 kg of bagged sinking feed will cost roughly N170, 000. 2,000: Cost of Cropping: 4,000: TOTAL: 522,000: Cost Analysis Table (Alternative B) Floating Feed Only. Our feed is packaged in 15kg bags and available for nationwide delivery. Vital Fish feed pellets. Formulated as an easily-digestible, high-energy, nutrient-dense diet with an excellent conversion rate, Pond Fish 2000 has superior feed efficiency and supplements your pond’s natural food source. In most places in Nigeria available catfish feeds are imported and cost an average of N5,500/15kg bag. Feed is very important issue especially if we are talking about fingerlings. Catfish farming is here to stay in Nigeria. 3.3K likes. A good benchmark for budget planning to grow catfish is estimating the cost required to feed the fish till they reach market size. Miscelleneous – N5,000. As mentioned, catfish is one of the most consumed sources of animal protein in Nigeria. Sinking Fish Feed Extruder . While most fish farmers focus only on getting inexpensive feed for their fishes, feeding your fishes should be less about the cost but more about the profit margin; so, you might be spending 3 to 4 times more than the average farmer on feed, but there’s nothing wrong with that if it makes your fishes 5 to 6 times bigger than their fishes, significantly increasing your profit margin. Aquaculture production has experienced a steady growth in Nigeria since the … The feed must be carefully balanced. As we all know, a single catfish cost between the range 300 to 800 naira, so if can be able to train 2000 catfish to maturity and sell at rate of 300, it will be 300*2000=600000 but at the rate of 800 naira, it will be 800*2000=1.600,000 naira . Dear Femi you can call 08077776861 and someone will help you with that. Here in this post, we are going to bring you detailed information on the cost of feeding 1000 catfish in Nigeria. google_ad_client = "ca-pub-9755093768544960"; The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of anyone else. Durante Fish Industries Ltd. provides the best fish feed in Nigeria that comes from Skretting Fish Feed, as well as their own feed concentrate. Under the initiative Agbelogode was given two earthen fish ponds, 2,000 catfish juveniles and 145 bags of fish feed to grow the fish stock from juvenile to table size and ₦15,000 (£32.97) for the first nine months. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. The Nigerian market for example value catfish sizes which ranges from 500 grams (0.5 kg) to 2,000 grams (2kg). Click to know how, budget for growing one tonne of catfish in Lagos, how much will it cost me to grow 1000 catfish, https://divinefish.com.ng/wordpress/index.php/uncategorized/frequently-asked-questions-about-catfish-farming-in-nigeria/, Fishing worst performing agriculture sub-sector in third quarter of 2020 – the catfish farming experience in Nigeria, Frequently asked questions about catfish farming in Nigeria, Commonly used ponds for aquaculture in Nigeria – Types of ponds used in farming catfish in Nigeria, Catfish farming in Nigeria with earthen ponds, Catfish farming in Nigeria with concrete ponds, Cost of feeding 1000 pieces of catfish fingerlings or juveniles to 1kg table-size fish in Nigeria, Estimate cost of growing 500 kilogrammes of catfish in Lagos, Nigeria for August – December, 2019, Growing 3000 pieces of catfish juveniles to average mass of 330 grammes in 3 months; or, 2000 pieces of juveniles to average mass of 500 grammes in 4 months; or. Fingerlings were of high breed catfish. The demand of catfish in hotel. Here we publish several helpful articles in various categories, such as how-to articles, where to find things, resources, business, interviews and reviews. The cost of feed claims over half of the total budget for most fish farms. There is always a cost attached to a fish pond, irrespective of what system you intended to use in rearing your catfish. Thank you. Note: this article is first published in 2016. Beer pallor, fast food joint etc is rising every day. J. Agric. The majority of this product was tilapia and catfish (46 percent and 35 percent of production, respectively). We provide products and services along the Agricultural Value Chain such as Catfish, Snails, Poultry and Poultry Products, etc. 2,100/30 = 70 bags of cement needed. “I invest ₦265,000 (£585) every four months and I harvest ₦415,000 (£911). Your email address will not be published. The high cost and scarcity of feed stuffs particularly the protein source is also a factor militating against commercial fish and animal production in developing countries like Nigeria. Read more… Terms of Use. This is another cost, and must be included to your cost of rearing a thousand catfish, irrespective who does it, whether you or you are hiring an expert. But fish feed cost should be only reduced on the basis of ensuring fish can get nutritional feed for good growth and health. TRAINING AND CONSULTING . The team comprises professionals and Consultants from different fields of human endeavour. So the farmer should look at reducing the cost of raising the fishes. As we all know, a single catfish cost between the range 300 to 800 naira, so if can be able to train 2000 catfish to maturity and sell at rate of 300, it will be 300*2000=600000 but at the rate of 800 naira, it will be 800*2000=1.600,000 naira . The author may or may not have a financial interest in any company or advertiser referenced. In Madagascar, shrimp farms still depend on feed imports from as far as Mauritius and The cost of high breed fingerlings 30×10,000 = N300,000. However, through catfish farming, I make a net profit of over N200,000 in a month, which makes me more comfortable than most civil servants. The expenses from pond construction to marketing are taken into consideration. google_ad_height = 600; Joseph Athanasius is a Content Developer at, 10 Roles of Agriculture in Nigeria Economic Development, 10 Problems of Agriculture in Nigeria with examples, Maize Production in Nigeria; Steps to Start, Tips to Succeed. Call us and Let … Total startup capital for 500 fishes: N310, 000 OPERATION & MAINTENANCE (O&M) Catfish farming doesn’t require a very high level of O&M. Catfish farming is here to stay in Nigeria. This however, will include all the expenses incurred before, and during as well as, the fishes might have matured. Today, let’s discuss the way for Nigerian to use local raw materials to make fish feed pellets for lowering feed cost. catfish spawn 2,000 to 3,000 eggs per pound of body weight; smaller females, about 4,000 eggs per pound of body weight (Figure 2). Cost Table for Combination of Floating and Sinking Feed. Only on April 12, 2000, the Nigerian minister for agriculture (Alhaji sanni zango duara) revealed that Nigerian government spends 3 billion us dollars on the importation of fish. Catfish is often use as food source in various part of Nigeria. 2000 x 70 = 140,000 naira. The table does not take into account interest or other costs associated with feeding. Cost of feed (as of March, 2018) for raising 1 tonne of catfish. Table 1. Cost of feed (as of March, 2018) for raising 1 tonne of catfish. In a day, each catfish should consume at least 1.5% of its weight. “I invest ₦265,000 (£585) every four months and I harvest ₦415,000 (£911). Whichever method you choose from above, it is recommended that you grow with floating feed to 50% of body mass and complete with sinking feed for the remaining 50% of body mass. I have two ponds and I still maintain them. What it takes to succeed in catfish farming and related agriculture business in Nigeria. It is not easy to feed fish properly. But he uses swine pellets instead of aquaculture feed because “it is cheaper.” A 25 kg bag of pellets for fish costs P500 while that for swine is also P500 but con­ tains 50 kg, and his catfish devour the swine pellets as they would the fish pellets. The Cost of Feed Intake from D to L: Average daily feed intake/bird from D to 7wks = 50g …for 2000 birds/day = 50×2000 = 100,000g = 100kg Save my name, email, and website in this browser for the next time I comment. In a day, each catfish should consume at least 1.5% of its weight. To make a lot of profit in your Catfish farming business, you need to cut the cost of feeding your fishes and Catfish grown at high densities requires a nutritionally complete feed to produce good growth and maintain good health. A crucial decision to be made is knowing the best fish feed to rear your catfish.. Net Profit Will Equal Total Value of Sales, And Total Cost of Production Is To Be Subtracted From Net Profit. The content on the InfoGuide Nigeria is provided as general information only. There is possibility of estimating the cost of rearing 1000 catfish in Nigeria, but that can be done based on the prevailing economic situation in the country. Finely ground meal and flour-type feeds containing 40-50% of protein are used. When feeding of catfish is done optimally, 1000 kilogrammes (kg) of feed will convert to 1000 kilogrammes of catfish flesh. August 5, 2020. Res. I use well planned because some fish farms in Nigeria spend much more on their production expense. Nevertheless, Nigeria’s poultry industry faces quite a few challenges, the most widely discussed being the high cost of feed – poultry farmers spend over 70 percent of their budgets on feed. While most fish farmers focus only on getting inexpensive feed for their fishes, feeding your fishes should be less about the cost but more about the profit margin; so, you might be spending 3 to 4 times more than the average farmer on feed, but there’s nothing wrong with that if it makes your fishes 5 to 6 times bigger than their fishes, significantly increasing your profit margin. As a result, fish feed makes up 80 percent of the variable cost of fish farming and can significantly lower the profit margin. I recommend that every fish farmer does this at the beginning of a fish growing cycle. Whichever method you choose from above, it is recommended that you grow with floating feed to 50% of body mass and complete with sinking feed for the remaining 50% of body mass. 12 Best Cash Crops in Nigeria and their economic value, Prices of Agricultural Machinery in Nigeria, 10 Steps to Start Rabbit Farming in Nigeria and Tips to Succeed, 9 Steps to Start Paddy Rice Business in Nigeria, Tecno Camon 15 Pro Price In Nigeria; Full Specs, Design, Review, Buying Guide and Where To Buy, 50+ Glo Data Plans and Subscription Codes 2020, Infinix S5 Lite Price In Nigeria; Full Specs, Design, Review, Buying Guide And Where To Buy, Top 8 Credit Cards That Will Help You To Maintain A Good CIBIL Score. Required fields are marked *. Place spawning containers in 2-3 feet of water, 1-10 yards apart, when the water is about 75°F. There is a fixed cost for young catfish, and you should know that. floating fish feeds I use well planned because some fish farms in Nigeria spend much more on their production expense. Ace farm Floating fish feed, Ibadan, Nigeria. Putting of nets so as to prevent predators from attacking your fish is another expenses that you must include in your cost of rearing 1000 catfish. Farm Floating fish feed in Nigeria aquaculture production in 2015, but nutritional feed! Agricultural Machinery in Nigeria and Tips to Succeed the more the Quantity of fish and... Of high breed fingerlings 30×10,000 = N300,000 back on production lead equation techniques cost of fish feed machine,! Least 1.5 % of its weight mentioned, catfish is often use as food Source in part. Other costs associated with feeding know how to calculate 1000 fingerlings feeding for 3 6months... Of feed claims over half of the final products current price rate of N480 per cost! 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