Learn what it takes to raise your own fish and make some money doing it! Fish farming can be extremely profitable: but only if you do it right.
Profitable Fish Farming
Commercial Fish Farming today presents those with special skills and attention to detail with a highly profitable cash crop and is rapidly becoming an economically successful venture across the globe. Fish are an important source of low cholesterol, low calorie proteins and many other essential nutrients that humans can’t live
without.
A healthy supply of fish is one of the most important constituents of the animal protein section of the human diet and is calculated at 11 lbs to the average human. The increasing popularity of fish in the diet has greatly increased the demand for fish on the international market.
Starting your own Fish Farming Business
To begin with you will need some space to work on, fish don’t take that much room — they can even be raised in barrels — but you will still need the room to put them. Then you will need sufficient financial resources for equipment and operations and a plentiful supply of high quality water. These are quite a few things to think about.
Attempting to approach the task of setting up such a farm without sufficient knowledge is also a bad idea. Following are some of the most important costs to calculate before attempting to claim a piece of the international Fish Cake.
Calculation of Fish Farming Costs
There are two types of investments that are made when you begin a project of this magnitude.
First, you will need some capital to cover the initial costs of land and location, the crafting of suitable ponds or the purchasing of special tanks, plumbing arrangements and other needs that will become more obvious as you approach the task.
Then, you will need resources for operating costs, which includes the cash for procuring fingerlings, feed, fuel, energy costs, medicines, transportation and many other particulars involved with the actual breeding and raising process.
Before you launch your project take out your pen and pad and jot down all the expenses you project for the specific type of fish that you will be working with. Calculations will be very different and choosing wisely can make all the differences in your profit margins one day. Consider the size of your operations, type of fish, available markets for fish and more.
What’s The Market Look Like?
Another important consideration is the markets feasibility, if there is no market for guppies you will only be left with lots of guppies on your hands. With this in mind, do all the market research you can. Right in the local fishmongers would be the best place to begin your investigation. You may find some varieties are not popular in your town but are in great demand on the other side of the globe and exporting can be a major profit.
Let all your decisions be guided by market demands, availability of resources and personal capacity.
Final Notes — Basic skills in fish marketing is an essential part of what makes this thing work. There are many Government owned and operated farms that offer internships and this is a great way to garner some skills in the beginning. Think about it.
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I am building a fish pond but the challenge i am having is having to change water in pond on a 2 day regular basis, Is it true you will need to change pond water that much? Whats your advice?
Great question! We have an entire course designed for backyard aquaculture plus a free version at ceed.mykajabi.com with the Ecolonomic Action Team (EAT). Dr. Dorband has over 20 hours of lectures available with a membership. We also have free information available at aquaculturecentral.smartmember.com. These resources can more than answer your question and we hope to assist you in your aquaculture adventures.
Finally if you are very serious and want to get immediate help and consultation you can schedule a FREE call with us for a 30 min. consultation. This can be by skype if you are not in North America, or phone. You can schedule a time with us at http://www.talkwithwayne.com.
-The WWA Team
This is my passion now
Thanks for the feedback! We really do appreciate it. You can learn more from us at ceed.mykajabi.com and the Ecolonomic Action Team, including over 50 hours of webinar replays. Dr. Wayne Dorband has multiple lectures and courses available for access with a membership. Sign up today! Or you can access other great educational info at aquaculturecentral.smartmember.com for free!
-The WWA Team
Please how durable are mobile ponds?
Whoa, things just got a whole lot eaeris.
Thanks for the feedback! We really do appreciate it. You can learn more from us at ceed.mykajabi.com and the Ecolonomic Action Team, including over 50 hours of webinar replays. Dr. Wayne Dorband has multiple lectures and courses available for access with a membership. Sign up today! Or you can access other great educational info at aquaculturecentral.smartmember.com for free!
-The WWA Team
I’ve got a little different situation in that we’ve got a 8 house hog finishing site and no pigs . Was wondering about taking out slatted floor and putting tanks in these houses to raise fish in. Any and all help would be greatly appreciated. Thanks W N
Hi!
I’m really into this type of business, I’m studying the feasibility to start a tilapia fish farm in South America. But I’m having some troubles finding potential buyers overseas. Do you have an expert or some lectures I could look at?
Thanks for your guidance and help, hope to hear back from you.
Thanks for sharing this. Do you have any special program or training for fish farmers in Africa?
I am doing a project for school about Aquaculture. I have a very important question that I need to ask for this project. How much does it cost to start a fish farm. Also how many fish can feed 50,000 people.
Profitable
Are there fish farming agencies specific for farmers in Africa?
Do you have contact for the supply of mobile fish ponds? Thanks
Nice Content. Keep up the good work
plz give me calculation of seeds fish i should stock in my pond
44 feet width
44 feet length
4 feet
how many seeds of tilapia i can stock in it
Thanks for sharing this Nice
post
looking for funding of $10m to produce Organic Salmon in the U.S. Excellent project with diversified products and income