Tips on Starting a Catfish Farm in Bayelsa State
Catfish farming is lucrative business entrepreneurs have found as a better source of income and have strived to widen it to accommodate many kinds of fish species.
Among all the fish species, the most popular and commonly sought after is the catfish followed by tilapia. Catfish is been rated as the sixth most popular fish and seafood consumed in most countries today.
Catfish farming is chosen over others because it is one of the most suitable fishes that do well and is easier to farm considering the climate and weather even in warm climates. Again, their foods are inexpensive and can be gotten from local grocers.
Catfish farming business involves breeding of fingerlings to table-size fishes, creating awareness for them and selling them to make profits. Notwithstanding, many people wish to venture into catfish farming but don’t know where and how to start it.
Here are the helpful tips on how to start up catfish farming.
1. Know the Requirements
Starting catfish farming business is good but is far better when you know the primary and essential things required for the success of the farming operation.
Catfish farming is a flexible agricultural-based business but it needs adequate attention and knowledge, so the initial thing you have to do when this business pops up in your mind is how to get the best training on catfish farming so that you wouldn’t do things the wrong way.
Having essential knowledge of catfish farming requires that you know the species of catfish, how they survive, the best facilities to raise them, food suitable for them at every stage, target markets, sales strategies and related other important things.
2. Research your Target Market
First of all, you have to know how many catfish farmers that you have around the vicinity and the demand for catfish over there.
Try and meet hotels and restaurants that might need constant supplies of catfishes before concluding on which to embark on.
Since the basic aim of venturing into such a business is to make money, you have to make efforts in knowing what your target markets need which is a point of paramount significance.
Check the customer base and the competitors that you are going to face. Learn whom they sell to and how they sell to their potential customers so as to put them in action when you must have established your own catfish farm.
3. Choose the Species of Catfish
Choose the species of catfish but after you must have made the necessary research which includes knowing what kind of catfish the markets around your farm needs.
There are different species of catfish used for aquarium business. See and get more ideas about all the freshwater and saltwater catfish for starting an aquarium business.
Some of the freshwater catfish species that are best used for aquarium include bristlenosepleco, bumblebee catfish, otocinclus catfish, upside down catfish, glass catfish, Asian stone catfish, pictus catfish, corydora catfish, striped Raphael catfish and clown pleco among others.
Master the care, characteristic features and best surviving environment for each species of the catfish in order to know how best to handle them to make a better outcome.
The species of the catfish you choose will determine the kind of facility you will provide for the fishes. It will also depend on the size of the pond, how you will operate the farm as well as the target market.
4. Start with A Smaller Scale Catfish Farm First
Consider how you will like to run the business, but in most cases starting on a smaller scale is better as it will help you to easily manage the business well and wouldn’t lose much when the business is at risk.
You can then make an expansion later when you must have learned the tricks in doing the business, see the wrong steps you have made and taken the necessary corrections.
Note that starting up a large aquarium farm requires a huge amount of capital to begin the investment. In this case, you need to get land that will not be less than 100 acres because the large the scale of business the larger the capital.
But in a wise way, you can start little and aim high with a small fish pond or inland tank. When you have your principle objective and aim high, starting small will lead to a huge income that will now help you create a large commercial catfish farm.
A wrong way to start is when you start high just because you feel that you have more than enough capital but with no vision. The business will definitely not grow. It is advisable to have a vision, start small but aim high so as to make a huge profit and grow the business.