poultry farming in nigeria
Poultry demands are increasing as the population continues to fall in love with chickens but it’s becoming difficult to keep them at home. At the same time, poultry business is growing because of growing market needs. Due to high market demand, poultry business can be highly profitable.<br /><br />Whether you are thinking of poultry business on a small scale or a large scale, you will have to do the basic market research for your poultry business plan. Depending on the demand and growth rate of the market, you will be able to set pricing and production. Therefore, before you go ahead with your poultry business plan, spend some time and determine the following.<br /><br />- What is the size of the market?<br /><br />- What is the growth rate of the market?<br /><br />- Is market self-sufficient in poultry?<br /><br />Once you do the basic market research for poultry business plan, you will be able to write your business plan for poultry farm business. You don’t need any special business plan for poultry business but all you need is follow a simple template that works well for any business. Include your business goals, objectives and financial projections in your plan.<br /><br />Things you will need for poultry business plan<br />After you have completed your poultry business plan, you will have to get down to getting everything together needed for a poultry farm business. You will need the following to begin.<br /><br />- Land<br /><br />- Capital<br /><br />- Equipment<br /><br />You will need land to raise your chickens while capital will be needed to buy chickens and other equipment. When buying equipment, make sure that you are first deciding about the method of raising chickens. You can use conventional system or follow a free-range system. In conventional system, chickens are grown using a barn where you control temperature and light. On the other hand, free-range system uses large space and allows chickens to grow up naturally. If you prefer the latter, make sure that you arrange for large area of land.<br /><br />Before you go ahead and buy equipment or set the area for chickens, you will have to decide whether you want to keep broilers or layers. Broilers are used for meat while layers are used for egg production. You can target whatever you like or just rely on your market research to make the decision.<br /><br />Tips for success in poultry business<br />If you want to be successful with poultry business, you have to make sure that you have a solid poultry business plan. It is the first requisite of any business. In addition, you will also need to find a niche market. For instance, if your target area is using conventional method to grow chickens, you can focus on setting up free-range system and market your business within the niche that is asking for free-range instead of conventionally grown chickens. Other than that, you may want to follow these simple tips to ensure success.<br /><br />- Stick to your poultry business plan<br /><br />- Review and revise your plan after every six months<br /><br />- Go local- introduce your business to local consumers and customers<br /><br />- Brand your business<br /><br />- Always follow the law while operating your poultry farm to avoid any legal issues in future<br /><br />website, how to start poultry farming business
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