The farm had 10 concrete tanks already and he was about starting a very big earthen pond. Email. The water supply system will cost approximately $1500 plus $300 per surface acre of water. Fish Farming. Capital Requirements 2020 Langston University / PO BOX 1500 / Langston, OK 73050 / 1.877.466.2231 / webmaster@langston.edu / Privacy Policy. Net profits per acre per year will be about $300 or $0.10/lb (all data based on surface acreage of water) which is a good return per acre compared with traditional grain crops. If there are questions about the legal use of the water, consult the Oklahoma Water Resources Board before investing money in pond construction. Except for some other fish, all indians and Chinese fish are herbivores – meaning less money. 4-6 ft water depth, smooth bottom, drainable, seinable or suitable for cages. Starting small also gives the fish farmer time to develop markets. WhatsApp. Learn all you can before investing in aquaculture, talk with extension specialists and other fish farmers, go to meetings, field days and workshops. Growing fish is probably a new experience for many people and there is much to be learned regarding the needs of the fish species chosen for production, water quality, feeds, harvest, and marketing requirements. Advertisement . How much labor is involved? Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Shrimp Farming; Shrimp farming is another type of fish farming business that is thought of as profitable. Starting small allows the fish farmer to locate quality suppliers of fingerlings, fish feed, and accessory equipment. © 2020 Meredith Corporation. However, these returns effectively demonstrate that a family income can not be generated from a few acres if fish are to be sold wholesale to a processor. Fish farming is undoubtedly profitable. Langston.edu is currently being updated. The amount of water necessary for a successful aquaculture enterprise depends upon the kind of operation, the marketing plan and the level of income required by the fish farmer. Intensive fish farming, raising more than 2000 lb/acre, will demand water quality monitoring at night, with emergency aeration sometimes need to prevent the total loss of fish in a pond. Aquaculture is usually not an enterprise that will save a farmer who is already financially distressed. If you’re not in the business of aquaculture, you probably don’t think about it much. The start up costs are often too high and experience is needed to consistently produce a profitable harvest. Even per capita fish consumption has increased rapidly – from about 20 pounds per year in 1961 to about 45 pounds today. 15-25 gallons per minute flow per acre of pond. A hatchery/fingerling production operation can do well with smaller acreages (10 acres and up), however, this kind of fish culture usually requires more technical knowledge and experience with fish than either fee fishing or food fish grow out enterprises. If the pond is at least 1 surface acre in size, cage culture might be a possibility. Fish can be raised in ponds, recirculation tanks, raceways, cages or net pens but the species of a successful fish farm depends greatly on market demand and water quality, flow, oxygen, and temperature. Summary Markets for fish are expanding rapidly because fish are highly nutritious, low in fat and calories, and may contribute to a reduced incidence of heart disease as suggested by recent research. Water There are several reasons for starting small and growing larger as experience and market increase. Water Large dike ponds appropriate for fish culture can be built for the least expense. These are fresh water ponds and water beds. My opinion is that we’ll need both continuing agriculture productivity gains and rapidly expanding fish farms to feed 8, 9, or 10 billion people. The cost of getting into fish culture can be high compared with other agricultural commodities. There are so many information on the internet on how to start fish farming in Nigeria especially catfish farming but few are detailed enough to really assist aspiring fish farmer to get started. The first and easiest myth of aquaculture is that of fish welfare. Catfish fingerlings and harvesting with hook and line for enjoyment or home consumption; or experimenting with lift nets or traps as a means to a more total fish harvest. Production Costs Willingness to check fish and water quality conditions in the predawn hours. These ponds need be only 4-6 feet in depth. During the last 30 years, the aquaculture portion of fish production has increased from less than 10% of total production to about 50% today. Types of Fish There are several types of fish in an aquatic world which are: cyprinids, pangas catfish, sea trout, freshwater fishes, silver sea-bream, common carp, Catla, Nile tilapia, grass carp, greasy grouper, bighead carp, Salmon and thousands of others. You can establish a raceway on just a few acres if you have access to a small river and the right to divert some of it. Fish is a great source of food and protein. Fish farming: a profitable venture. Tilapia fish farming is a very profitable one. Getting Started Farmers worldwide have been able to keep up with the population growth, step for step, by way of productivity gains. Yes, aquaculture can be profitable IF the fish farmer has the right natural resources, good management abilities and sufficient capital available for investment in the enterprise. Large ponds are generally less expensive per acre than small ones. While it’s a clean and greener system, for aquaculture to actually to work beyond the laboratory setting, indoor fish farms need to be profitable. Existing Ponds Wholesale to processor, $0.10/lb or about $300/acre. The topography of the land will determine the type of ponds that can be built. Start small and expand with experience and markets. Over the last 60 years, total arable land worldwide has barely budged. Using proven fish culture technology, large amounts of readily available water are needed. A detailed economic analysis of various fish culture enterprises can be obtained through the Langston University computer program dealing with this topic. Clear legal rights to the water, consult Water Resources Board. Surprisingly, half of U.S. farmed fish production is catfish, and you can raise them in many states, even cold places like Wisconsin. Commercial fish farming has already established as a profitable business venture throughout the world. Summary. Futures: at least 10 minute delayed. It may also be necessary for the fish farmer to obtain legal rights for the use of the water. Is fish Farming Profitable? Feed $0.14/lb to $0.18/lb, need about 1.5-2.0 lb of feed /lb of fish produced. Flat to gently sloping land is best. Per Hedlund, 50% of the cost of a fish operation is fish food, which consists mostly of fish meal and soybean meal. Although some fish farming in USA raises recreational or ornamental fish, the majority is finfish produced for consumption. A successful operation must be well planned. Large Soil Conservation lakes are good candidates for commercial cage culture. Pinterest. Managerial and Labor Requirements Accessible by large trucks. For related content and insights from industry experts, sign up for Successful Farming newsletters. Twitter Share . Snail farming in the US is complicated and dominated by several large producers, primarily on the west coast. Then, the country was into different types of agriculture, ranging from crop farming to peasant farming and plantation agriculture to mention but a few. As a rough guide, assuming production of 3000 pounds of catfish per acre sold wholesale to a fish processing plant, at least $3,000 per acre will be required for start up and operating costs. It takes a while to establish lucrative retail or direct markets, but the profit margins are so much better than wholesale markets that the fish farmer should make a determined effort to sell as many fish as possible in this manner before resorting to a wholesale marketing strategy. It has often been stated that the fish should all be marketed before production begins. Additionally, the business has good export potential. If you’re looking for agricultural business opportunities for 2020, investing in fish farming may be a probable consideration. He says it’s more common in Asia, especially India, Thailand, and Indonesia. Fish farming and associated industries have expanded through the 1980's and 90's. Initial start up costs about $3000/acre of water (does not include cost of land). At the expense of increased capitalization and decreased returns, some work can be mechanized and some labor can be hired; however, such labor savings to management are only economically justifiable on large fish farms. How fish farming can be profitable. The experience gained in even one year’s trial production can greatly reduce the likelihood of a production disaster. Getting Started Fish farming is similar to other farming which requires hard work to be successful. Fish farming is not for everybody. Recently, I spoke with Steven Hedlund, communications manager for the Global Aquaculture Alliance, which is a trade organization that establishes best practice standards. If inexperience leads to incorrect purchasing decisions on a large scale, proportionally large financial losses or even bankruptcy may result. Linkedin. More by this Author. There is a wide range in quality and prices of necessary supplies for fish farming and personal experience is the best judge of what will work for a particular fish farming enterprise. By George Katongole. The most often asked question, "are there profits to be made in aquaculture?" That’s a 13% arable land increase to meet a 150% population increase. A first-generation farmer growing a niche farm business in a pandemic year, How a first-generation farmer went from 6 to 600 acres in four years, Kansas couple works to provide a future for their three young sons, Farmers have short window to sign up for ARC, PLC in 2021, Farmers, advocates concerned about Vilsack’s record on dairy issues. Land Resources A man contacted me sometimes ago to managed a fish farm for him, he has a very big farm with a lot of dreams and potential. Consumption of fish products is increasing dramatically and now averag… Existing ponds are generally OK for small scale production but commercial applications are limited. Fish farming and associated industries have expanded through the 1980's and 90's. Fish farmers have to take care of fish and their number and also take care that they grow in size so … If financing is necessary for a fish farming enterprise, it may be difficult to secure the loan without a proven track record of production success. Flat or gently sloping cleared land with plenty of clay is the most economical for fish culture. Some of these techniques can be learned from books and seminars, however, practical experience is still the best teacher. It is capable of creating employment, augmenting income … Potential Net Returns All of these are home to numerous aquatic species. "Alternative" agricultural enterprises may be eligible for some low cost government backed loans or other special lending instruments. Fish farming will form part of the most promising agriculture-based ventures in 2020. Even if you’re not interested, it’s good to keep up with what’s going on in the rest of the global food supply chain. Hill ponds built in draws can be used for fish culture if they are built wit ha smooth bottom suitable for seining and are drainable to facilitate harvest. Now fish accounts for about 17% of all animal protein consumed by the global population. Saturday October 31 2020. AROUND 66 per cent of Pakistani population is deficient in protein. Deep ponds are not an asset unless they are used as storage reservoirs to fill properly constructed fish culture ponds. Watershed ponds need 5-25 acres of watershed runoff for each surface acre of pond. However, the profit value is largely driven by the Asian markets and is culture specific. High density tank or raceway fish culture using a relatively small amount of recirculating water, constant aeration, and filtration is a possibility as technologies improve; however, at the present time only highly experienced and well financed fish culturists have been consistently successful with these methods. In small scale aquaculture enterprises, retail sales offer the only opportunity for reasonable profits on investment. Here at Profitable Fish Farming we will be publishing a weekly update including the latest price of table size catfish as well as other catfish feed ingredients you will need for a profitable catfish farming business in Nigeria. To assess how profitable is fish farming business, let us list the factors that could affect your profit so that you know how to deal with them when you start your farm. However, every day there are more people entering this booming business around the world. Stocking rates are based on surface acreage, not on pond volume. 1. Managerial Requirements No one that he has heard of is doing the full vertical integration loop, which would mean growing soybeans, processing soy meal, using it in fish food production, growing fish, processing fish, and reclaiming the unused fish parts (fish meal) back into the fish food processing plant. In these situations the ponds are primarily used for holding quantities of fish that will soon be marketed live or processed by the broker. By. These programs should not be overlooked as potential sources of funding. And finally, if the potential fish farmer determines that aquaculture is not a suitable enterprise, for whatever reason, little money or labor will be lost. If it is a sea pool, there are many fish can be aquaculture. Poor quality feeds and fingerlings, although apparently a bargain when initially purchased, often prove to be a very costly learning experience. Facebook Count. Currently, there is much interest in fish farming as evidenced the thousands of phone calls and mail inquires directed to Langston University fisheries research and extension personnel. Fish farming is the art or technique of breeding fish and taking care of them till they grow and reproduce and maintaining their growing number in the ponds or tanks. Yes, aquaculture can be profitable IF the fish farmer has the right natural resources, good management abilities and sufficient capital available for investment in the enterprise. concludes that fish farming is a profitable business in Cameroon, levels of p rofitability being determined by price of feed, price of fingerlings and the co st of labor. Myth #1. Can that continue? On one hand, fish is recognized to be healthy food and is highly requested on the market. Develop an enterprise budget and marketing strategy. You may also … Variable with each situation, in general: Pond construction costs, about $1500-$2000/surface acre. This includes minimal or shared equipment, low cost pond construction, feed and fingerlings. Fish. Increasing recognition that fish is a healthy food, low in calories and cholesterol levels, but rich in protein has increased consumer demand in both restaurants and supermarkets. Some of those operators will have agriculture and aquaculture production and even fish processing facilities. By Chidiebere Paul Eze Comments(0) Upvotes(0) Downvotes(0) 1 Views. This is especially true when they use cheap but nutritious ingredients at the lower end of the food chain. The future nationally for aquaculture, particularly catfish culture, appears bright. It is an expanding industry. The U.S. is still a small player in aquaculture worldwide, says Hedlund, so there is plenty of room for U.S. expansion – if you’re interested. Sir I have 2700 sq ft land , intrested fish farming.since i am very much new to this area .I seeking good guidance from experts like you.How much i can inverst to start medium level fish farming.Is 2700 sq ft land sufficient or suggest how much land i need. Surprisingly, half of U.S. farmed fish production is catfish, and you can raise them in many states, even cold places like Wisconsin. For most fish farmers, Tilapia is the most profitable fish to farm for commercial purposes. According to the World Bank, it has moved from 9.7% up to 11% of total land area. A small scale retail marketing strategy may include direct sales to the public or to intermediate sources such as small grocers and restaurants. Hello sir ,I am vivek from krishnagiri (tamilnadu,near to banglore).You are doing great and useful services congratulations for that. All https://www.barchart.com/solutions/ is provided by Barchart Solutions. Remember the steps to profitable aquaculture: read and study available information, attend fish farming meetings and seminars, talk with other fish farmers and extension agents, evaluate your natural resources, prepare an enterprise budget, and test aquaculture plans on a small scale before investing large amounts of capital and labor in the enterprise. Cost/lb of fish produced about $0.60-$0.70. It can be very frustrating and disheartening, if not economically disastrous, to find a pond full of dead fish after investing thousands of dollars and many hours of labor. The cost to get started in aquaculture varies quite a bit depending on what species of fish you are trying to grow and whether it’s a low-level or more intense operation. Fish can be produced for home consumption for about $0.90/lb dressed fish, which is a considerable savings over current supermarket prices of $2.00/lb and up. Half of U.S. farmed fish production is catfish. This is the main reason of increasing this business around the world. Land resources should also be considered when planning an aquaculture enterprise. Small existing ponds can be a good place to try out fish farming or raising small quantities of fish, but they are generally not suitable for commercial fish production. In Virginia, fish farming is growing in popularity. Watershed pond acreage should be calculated at the low summer level unless pumped water is available to make up for evaporation. Fish farming is generally a profitable endeavor. However, during that same time frame, the global population has increased from about 3 billion to over 7.5 billion people. The river diversion is to keep fresh water running through the raceways for the health of the fish. These estimates of return vary depending on the skill of the fish farmer, actual cost of production, current market prices, and perhaps most importantly, marketing strategy., Almost any type of retail sales strategy, whether for all or part of the production, will increase returns to the farmer over wholesale marketing of live food fish. Farmed fish have poorer health. These rates currently range from 2,000 lb/acre or less up to a maximum of about 6,000 lb/acre. The demand and price of fish and fish related products are also increasing rapidly, in accordance with rapid population growth. It requires less investment and land. All Rights Reserved. Investing In Fish Farming Is Profitable. For a nation that has abundant aquatic resources, fish farming is another great venture that I had to talk about. Twitter. There’s a lot in the country- right from a part of the Indian Ocean to numerous rivers, swamps, and freshwater lakes. Net returns with a retail marketing strategy can be as high as $1.00/lb more than wholesaling fish to the processing plant. However, says Hedlund, very few traditional American row crop farmers are involved in aquaculture. There are various types of fish farming, but among them is the two popular ones that are profitable; Catfish farming; Tilapia fish farming; Both are profitable, you can either go for anyone of them or both if you feel you are ok with it. When I heard “soybean meal,” I started thinking about vertical integration and economies of scale for soybean farmers. These kinds of problems are much easier and less costly to remedy when the fish farmer begins small and then grow. Accurate record keeping. They can be supported with low-cost feed and convert most of the nourishment into flesh. And on the other hand, fish are excellent animals to rear. Fin-fish, like tilapia and trout, are much more intense. The ponds can be used for recreation, family fish production or other farming enterprises. Fish brokerage businesses can also operate with smaller acreages. At least 1 surface acre. Existing ponds can be used for fish culture but their use is often limited because they can not be drained or seined for an efficient harvest. Land capable of holding water, usually high in clay. Agriculture was the main source of generating revenue before oil was discovered in Nigeria. Stocking rates are determined by experience, availability of aeration equipment and the amount of risk the fish farmer is willing to assume. Eel fish farming emerged in the early 1950s and it is considered one of the most profitable in terms of export value in the fishing industry. Catfish. Fish Farming Myths. How To Start Profitable Fish Farming In Nigeria. What was abhorrently clear from day one, was that animal welfare meant everything. Check back soon to explore our new site. If, in the final analysis, you decide that fish farming is a possibility for you, then do give fish culture a try. At present eel fish farming is also practiced commercially in India, Bangladesh, and other African countries successfully. In reality it is difficult to find markets unless fish are available for sale; consequently, it is much easier to expand production and markets once fish have been sold and a reputation for a consistent quality product is established. Aquaculture also requires occasional hard physical labor. Water pH level Construction of dike ponds costs about $1,500 to $2,000 per surface acre of water. Fish farming is no doubt profitable. The grow out fish farming is dependent of the nursery fish farming because you can’t grow fish without the nursery. Fish farming business is very profitable and successful Commercial business in India. An extensive enterprise budget is the first step in such a plan and will certainly be required if the capital for the venture is borrowed. A raceway is what they call a long, slender fish growing pond, and it can be concrete or dirt-lined. Assuming that land and water resources are available in quantities suitable for aquaculture, the next step toward profitable fish farming is to start small, with perhaps only one or two production ponds or a few cages in an existing pond. Your Name * Recipient Email * 0. Most Profitable Fish Farming Business For Beginner. In the aquaculture business, both the small-scale and large-scale fish farming are profitable. This often overlooked step will give the potential fish farmer valuable experience with aquaculture techniques and problems at minimal cost. Ponds you must be willing and be dedicated to it as the slightest lukewarmness can cause your investment to go down the drain. In a report out last week, the National Oceanic and Atmospheric Administration (N.O.A.A.) With a couple year’s experience, an enterprise budget can be developed based on documented past history. A lot of people hope that aquaculture will be one of the key components to feeding the rapidly growing world population. Feeding, water and temperature, type of pond you are using, cost of feed, and other costs less cost of … Water for fish culture ponds can not be contaminated or polluted by chemicals or animal waste. Fish farming is an ancient practice that can provide many profitable opportunities today. Most lenders want evidence of the soundness of expansion plans and the ability of the fish farmer to manage the operation profitably. To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. AgroBusiness Times - October 9, 2017. Fish farming, like other business enterprises, requires accurate record keeping to make informed economic decisions concerning purchase of feed, fingerlings and related items or strategies to optimize returns from the market place. This is especially so when they feed at the low end of food chain or when cheap but nutritious ingredients are used in making fish feed. Fish farming is the raising of fish (for personal or commercial use or both) in tanks or enclosures such as fish ponds. Herbivores and carnivores can also be farmed here. Capital Requirements If the water is pumped from a well, a delivery rate of 15-25 gallons per minute are needed per surface acre of water. But, like we said, they can be operated separately by two different farmers. Per Hedlund, 50% of the cost of a fish operation is fish food, which consists mostly of fish meal and soybean meal. Rabbit farming has emerged as a new business opportunity. Expansion has slowed somewhat, however, growth continues. But you need proper knowledge of modern fishing methods to succeed in this business. Start-up costs can run as little as $100,000 or over $1 million. China, Taiwan, and Japan are the largest eel producing countries in the world, but significant quantities of eels are also farmed in Europe and America. Eel is … Other options for small existing ponds include stocking large (6-8 in.) No pollution hazards. The raising and selling of fish on a commercial basis has proven to be economically successful throughout the United States. I had to pause the construction of the earthen pond and advise him to build a pen house for poulets (Layers). Generally, the small-scale farms sell the fresh fishes for retailing while large-scale farms sell the fishes to the slaughterhouses for further preparation and export. The two divisions are the Nursery Fish farming and the Grow Out Fish Farming. If you are planning for fish farming then you must have a special knowledge of fish farming techniques, skills and carefully day-to-day monitoring of fish farming ponds. 11 Apr 2005. you mentioned that you need generator, you did not add the cost of the gen and fuel that you will use to pump water for 4-5months.assuming you rent the pond as u said, how much will u pay for renting for 5 months This is especially so when they feed at the low end of food chain or when cheap but nutritious ingredients are used in making fish feed. Some of the major reasons why tilapia fish farming is profitable to include: its high protein content, its growth rate, and its large size compared to other fishes. Large scale commercial fish farming is not a good business to retire into as a hobby. The study concluded that fish production in the study area is economically rewarding and profitable. The future nationally for aquaculture, particularly catfish culture, appears bright. A farmer can usually market 3000 t o5000 lb of fish in this manner. According to Hedlund, oyster and clam operations take the least amount of labor – perhaps just a few people. Catfish farming consists of two most important types, which could either be operated separately or as an integrated process. Large ponds usually cost less per acre than smaller ones. Large scale fish culture is similar to other intensive animal enterprises in that it requires hard work, attention to details such as nutrition, health and care of the animals, as well as making sound economic decisions. A fee fishing enterprise located near a large population center can be very successful with as little as 1 to 2 acres of water while raising food size (1 lb) catfish requires a minimum of 50 surface acres of water to generate enough income to support a family, if the fish are to be sold wholesale to a processor. There is money being made growing fish, and you will never make any of that money if you never get started. For many fish farmers with limited water resources, the most profitable market is sales to friends and neighbors or home consumption by the family. Land Facebook. We discussed the particulars of establishing and running an aquaculture operation. Rehabilitation Research and Training Center, Financial Statements for Fiscal Year 2017, Financial Statements for Fiscal Year 2016, Institutional Advancement and External Affairs, Langston University Foundation Scholarships, LANGSTON UNIVERSITY RECEIVES A $1,300,000 GRANT FROM THE US DEPARTMENT OF EDUCATION TO ENHANCE STUDENT SUPPORT SERVICES, LANGSTON UNIVERSITY WELCOMES THE HIGHEST ACADEMICALLY ACHIEVING INCOMING CLASS FOR THE FALL 2020 SEMESTER, 1890 UNIVERSITIES, ELECTED OFFICIALS, BUSINESS & COMMUNITY LEADERS TO CELEBRATE THE 130TH ANNIVERSARY OF MORRILL ACT OF 1890, Langston University and Oklahoma State University enter agreement regarding programs in Tulsa. If you can plan well, integrated fish farming ensures the highest profit ratio. requires a qualified answer. New fish farmers often discover that water supplies are not as abundant as originally assumed or that a different pond design or drainage system would better suit their needs. 0. 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Only 4-6 feet in depth be high compared with other agricultural commodities or ornamental fish is fish farming profitable in usa and African... Business is very profitable and successful commercial business in India, Bangladesh and. Of those operators will have agriculture and aquaculture production and even fish facilities. Commercial applications are limited $ 1,500 to $ 0.18/lb, need about 1.5-2.0 lb of /lb... Has barely budged commercial basis has proven to be made in aquaculture?, seinable or for! Hand, fish farming is generally a profitable business venture throughout the world 'as is ' and solely for purposes. Ponds usually cost less per acre than small ones Variable with each situation, in with... Particulars of establishing and running an aquaculture enterprise are home to numerous species. Risk the fish herbivores – meaning less money these techniques can be built 1500- $ 2000/surface acre to over billion.