1. Start A Business

10 Most Profitable Livestock Farming For Beginners

Livestock farming is a gold mine. Not literally of course. If livestock businesses produced actual gold, everyone would have a farm. But it takes work and patience and this is where many people back out.

Human beings need food and the major food sources are plants and livestock animals. Therefore, if we’d be feeding on them, they should be reproduced so that there is enough for everyone and they don’t go extinct.

The agricultural sector in Nigeria is one that needs more development and spotlight. Gone are the days when agriculture was done by only the poor and illiterate. More people, especially young people are coming into the knowledge of the prospects of agriculture and farming to their financial status and the economy of the country.

Top 10 Livestock Farming In Nigeria

  1. Poultry farming
  2. Pig farming
  3. Cattle farming
  4. Snail farming
  5. Fish farming
  6. Sheep farming
  7. Goat farming
  8. Rabbit farming
  9. Honey bee farming
  10. Grasscutter farming

Revenue Potentials Of Livestock Farming

Livestock farming is capable of producing wealth to anyone, as long as you know what you’re doing.

Livestock farming is gold mines. The rate at which some of them produce gains would return the cost you spent on starting up and give you some extra profit within two years.

For instance, in a poultry business where you’re breeding layers, they start laying eggs at around 18 weeks of age. If you have 100 hens and each produces one egg a day, the eggs produced in 365 days equals 36,500.

If eggs sell for N30 each, 36500 eggs would give you N1,095,000 in a year.

RELATED POST  3 Steps To Start An Online Niche Business

Investment Opportunities In Livestock Farming

Investing in livestock involves acquiring a number of them, raising them till they mature and selling them at a much higher price.
This kind of investment is fascinating because you see the livestock grow daily and appreciate right in front of you.

Investing in livestock farming have a certain level of risk but then, which business doesn’t. These risks are the challenges facing livestock businesses, some of which includes disease outbreak and high cost of feed.

These risks can be reduced to absolute minimal with solutions like a vaccination that reduces the possibility of a disease outbreak. Therefore, the risks are not crippling. As long as you cater to the health of your livestock and give them what they need, they’ll be fine.

Financial Requirements

To start any livestock business, there’s a need for a startup cost. This startup cost is required to cover the land, farmhouse, feed, younglings to be bred, water and all necessary infrastructure.
The startup cost differs from business to business. It solely depends on what each business requires.

Challenges Of Livestock Farming

Capital: The problem of capital is one that most new farmers face. The capital needed for the startup of a livestock business can be a little on the high side sometimes and this can be overwhelming for a new farmer.

Saving, loans, borrowing from friends and family, and government grants or aids are possible helps that can lift this problem.

Obtaining a Land:

A good land with valuable soil for farming and livestock breeding might be hard to come by. This is due to various reasons which include the high price of land, swindlers posing as landowners and finding quality lands in good locations.

RELATED POST  How To Start Pig Farming For Beginners

Transportation:

Good transportation is a major issue for farmers. When the roads connecting farms with markets are poor and dysfunctional, they cause harm to the animals being transported and can even lead to the death of some animals and damage to farm products.

Apart from roads, other transport systems like the railway are not really efficient in Nigeria. The railway transport system is a very effective way to transport farm products and livestock animals due to the stability and maximum safety it offers. Therefore, this aspect of transportation must be awoken.

Diseases:

Disease outbreak among livestock animals is as real their dung and anything else that’s real about them. An uncontrolled disease outbreak in a farm of livestock animals has the capacity of causing a mass death or low productivity of the animals.

Animal Feed:

The feed livestock animals consume take up a high percentage of expenses. This is caused by the elevated price of processed feeds.

This problem can be countered by preparing the animals’ feed by yourself. This method is cheaper and helps you use the saved amount for something else.

How To Overcome These Challenges

Enlightenment: More people need to be enlightened that agriculture isn’t just a rough work that yields nothing but a gold mine that needs to be tapped into.

Nigerians, the young and old must see agriculture in a new light. It’s happening already but it needs to spread throughout the country till we all become agri-knowing.

Government Aids:

Livestock businesses require investment and this investment can be difficult to get sometimes. This is where government aids should come in. Aids to assist farmers, especially new ones, to fund their business and provide essential mechanical tools to facilitate their work.

RELATED POST  7 Businesses To Start If You'Re Good At Writing

Fixing The Transport System:

For proper and safe transport of livestock and food products, the transportation systems in Nigeria has to be fixed. Railway transport should be improved and made better and road transport restored

Vaccination and Medical Checks:

Diseases are a major issue in all livestock farms. They can however be reduced by regular medical checks of every animal. These checks would ensure that the animals are in good shape and sick animals would be spotted and separated during the checks.

Vaccination is also an important preventive measure to avoid the spread of diseases. Livestock animals should be given the necessary vaccine to strengthen their immune system against the invasion of diseases.

Conclusion

Livestock farming has its challenges but these challenges don’t trump the many benefits and gains they bring.

As more light is shed on livestock businesses and as more people engage in them, the unemployed would have jobs and food security would increase in the country.

People reacted to this story.
Show comments Hide comments
Comments to: 10 Most Profitable Livestock Farming For Beginners

Leave a Reply

Login

Welcome to MyBlog

Join MyBlog
Registration is closed.
%d bloggers like this: