Fish Farming Business Plan in Nigeria

One of the lucrative business ideas that drive huge profit these days for entrepreneurs is agriculture. Whether it’s poultry farming, Rabbit or the likes, fish farm to be precise, is a way to good to go!

Are you planning to start a fish farming business and need how to go with it? Do you have the capital needed to kick start a fish farming business and want to be enlightened on how the business is planned? If so, keep reading this content as it contains all you need to know about the fish farming business plan.

  1. Fish farming Orientation

To begin with, the first thing required of you to do before planning a fish farm business is to go the extra mile in learning more about the business. You can’t just pick up a pen and paper and start writing down what you know little or nothing about.

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To get yourself off the mess, it’s so important for you to meet a veteran fish farmer or a professional in the field to explore you through the journey of mapping out a successful fish farming business plan.

Having acquired a sound knowledge of the business, you should be able to know where to start, and what next in your course of drawing out the fish farming business structure.

  1. Fish Farm Location

In the course of planning out the structure of your fish farm business, you need to first put the location of the farm into consideration. Consider a secure environment near the river, where there’s no kind of fish prey and a host of other things should be looked into before setting up a fish farm.

  1. Land Mass:

It’s very paramount for you to consider the capacity of the land intended to grow your fish farming business. Often, two plots of land or so isn’t bad, to begin with, but in case there’s no enough land space, your backyard can also serve the purpose, and you can grow from there.

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In the course of planning your first farming business, you should strategically map out the mode you are going to use to acquire the farmland this is so because not all landmass can give you your desired results in the fish farming business.

Plus, an affordable land property in an environment not-so rural, yet near to a major city will be fine for you, this way, the lands will be sold at a cheaper rate compared to the city.

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  1. Pond Design and Construction

As a fish farming business plan, you will have to sketch the type and size of the fish pond you need to construct. You are to decide based on your capital and availability of natural water, whether to construct a levee-type pond or watershed pond, whatever you desired, it has to be carefully planned.

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However, it’s advisable you consult aquaculture to explain vividly to you the types of pond.

  1. Water Supply:

Also, you will need to plan diligently what or where will be the source of the fish pond water supply. This aspect of the fish farming business plan is so crucial as a result of the fact that pond water is required to be changed from time to time and failure to do so literally means you are endangering the lives of the fishes, as such may lead to a huge loss in the fish farming business investments.

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Be informed that rainwater or treated water cannot be used for fish farming because they’re unfit for the fishes hence, shouldn’t be recommended for standard fish farm use.

Do plan for steady freshwater flow, so that your fish pond can thrive well!

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