Fish farming is a lucrative business when done well!!! Fish is a very healthy and nutritious protein which is popular around the world. Industrial fish farming, or aquaculture, provides almost half the seafood around the world and this is expected to increase.
Fish is a delicious and nutritious protein source that is also rich in nutrients like omega-3 Fatty acids that improves our heart health and lowers our blood cholesterol level. Farmed fish has been playing an important role in meeting global protein demands.
Rising fish at home could open up many profitable opportunities today. Home raised fish could easily be sold for profit around the neighborhood or restaurants. There are people who want locally raised fish from organic farms. It could also supply you and your family with delicious fresh seafood. So, why not start your own home based fish farm?
How To Start Home Based Fish Farming Business
First thing you will need to start a home based fish farming business is some basic knowledge about raising fish. You will also need to learn about the business side of farming.
To raise fish you will need some space in your backyard for digging a fish pond or space in your basement or anywhere else if you want to raise fish in containers. Fish can be raised in any kind of fish tanks, containers, and tubs. You could even raise fish in barrels.
You will need some basic knowledge about fish, so I would suggest that you get as much knowledge as you possibly can about fish farming.
Whether you decide to start backyard or indoor container based aquaculture, the more knowledge you have the better chances you will have to succeed in your in your home based fishing farming business.
What Are The Types Of Fish Ponds?
As a starter, it is best for you to consult an expert in other to know the pond type that is best for you, source of water, vitamins and general maintenance of the pond, based on where you intend to carry out the activities of the farm.
However, there are three types of ponds; and they are, earthen pond, concrete pond, and plastic tank pond
What you should know before starting a fish farming business
Buy healthy fingerlings and juveniles from farms that produce them
Feed them two times in a day
Do not change water instantly after feeding so that they do not vomit the food
Replace water after two or three days with fresh water (concrete and plastic pond)
It is advisable to give fish vitamin supplements to keep them diseases free and healthy
Buy the popular brand feed on sales such as Raanan, Livestovit, and Aquafeed
Local feed costs less per kilogram
The feed could also be either flour meal or small pellets size
Sort (separate) fishes by sizes as they grow to avoid bigger fishes eating smaller ones
Buy your own Pelletizer to make your own feed as this will help to reduce cost.
Store your feeds in a cool dry place to keep them from rodents and pests
It is advisable to attend seminars to gain knowledge from aquaculture experts
What should you consider before starting a fish farm?
It’s possible that after you have raised fish at home, you find aquaculture a profitable business for you and decide to buy more property and start to expand your farming program. You will need starting capital, commercial equipment, and more people to start a large scale farm.
There are many ways you could gather the necessary funding and help from others to get started. Make a business plan and prepare a feasibility report that calculates all your expenses and profits. This would help you to get bank loans and also to attract partners or investors.
If you are really enthusiastic about fish farming, you should try to get as much help as possible. Try to get a partner or work with another fish farm to gather experience at first. So, before you enter the aquaculture industry and start your own fish farming business, consider all possible factors and decide if fish farming is the best business for you.
I hope this article was helpful for you, in guiding you to the world of aquaculture business. Try to gather as much knowledge and resources as possible and get started with your own home based fish farming business.