Cost of Feeding 1000 Catfish In Nigeria
Here in this post, we are going to bring you detailed information on the cost of feeding 1000 catfish in Nigeria. We hope you find this useful.
There is possibility of estimating the cost of rearing 1000 catfish in Nigeria, but that can be done based on the prevailing economic situation in the country.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaNevertheless, I will try to draw my estimation in such a way that will help you take decision once you are able to gather data based on the prevailing market situation, in terms of income and expenditure in rearing 1000 catfish.
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However, 1000 catfish is quite a reasonable number of fishes to work with, should you make up your mind to rear 1000 catfish. More so, you can then decide on the possible way you can rear them to grow to their full potential, at least to one kilometre.
This can actually be achieved by ensuring that you feed your catfish with floating on daily basis or at most with a combination of floating and sinking feed. These fish feed can either be bought or get it formulated by yourself.
What Are The Cost Of Rearing 1000 Catfish?
At this point, we will be considering the cost of rearing 1000 catfish. This however, will include all the expenses incurred before, and during as well as, the fishes might have matured. Below are the expenses.
Renting Of Pond
There is always a cost attached to a fish pond, irrespective of what system you intended to use in rearing your catfish. Whether the pond is your own or whether you lease it, it is advisable to prepare your cost regarding a suitable rent value.
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Preparation of the Fish Pond
Preparation of the fish pond will involve you clearing the environment, and the bushes, as well as de-mudding, and liming, including other corrections that are necessary to be done on the pond, for example, the piping, and the construction of erosion channels, among others
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaPrevention of Predators via Netting
This is also very important. Putting of nets so as to prevent predators from attacking your fish is another expenses that you must include in your cost of rearing 1000 catfish. You must put net in your pond.
Procuring the Catfishes
There is a fixed cost for young catfish, and you should know that. it does not matter, whether they are self-bred or you bought them from breeders, catfish at this stage does not cost more than N30.
Catfish Feeds: The cost of catfish feed must be taken into consideration, and this must include the cost of different sizes of conventional and non-conventional catfish feeds, particularly locally pelletized feed.
Cost of Feeding The Fishes
You are not always going to be around in your farm, therefore an employed pond attendant has be paid for the job done, and it is very necessary and important that you include this expenses, while drawing the cost of rearing 1000 catfish.
Other Logistics Cost
Other logistics will include all the expenses made on transportation of catfish feed as well as, manpower used in the farm. It is however advisable to move your feed at least once in a month in order to reduce the cost on logistics.
Security of the Pond
This is important. There is a cost attached to the security of your pond, mostly when you are not around to supervise work in your farm. However, if pond is rent where there are several other ponds, it will help in reducing the cost on security on your pond.
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Regular Medication
Although this one is optional, nevertheless, you are advisable to prepare for the uncertainty. This is very important, because you cannot tell in the event of possible mortality in your farm, in the cause of production.
Cost of Cropping
This is another cost, and must be included to your cost of rearing a thousand catfish, irrespective who does it, whether you or you are hiring an expert.
Cost Table for Combination of Floating and Sinking Feed.
Expenditure Details and Cost Value In Naira
-Renting pond for six months for 1,000 catfish cost 15,000
-Preparing pond, and this is only applicable to earthen pond cost 10,000
-Provision of net including workmanship cost 4,000
-Procuring young catfish, that is, at N20 each; between 6 grams and 10 grams cost 20,000
-Feeds, floating feed of 60 grams per fish, which is approximately about four bags at 7,000 each cost 28,000
-Local feed of 1,700kg at N160 per kg, at f c r of 1.7:1. cost 272,000
-Cost of feeding: let assume it is N2,000 per month for five month cost 10,000
-Cost of logistics: let assume it is N2,000 per month for five months cost 10,000
-Security: let assume it is N1,000 per month for five months cost 5,000
-Cost of Medication, this is optional at 2,000
-Cost of Cropping cost 3,000
-TOTAL 379,000
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Cost Table Only Floating Feed:
Expenditure Details and Cost Value In Naira
-Renting pond for six months for 1,000 catfish cost 15,000
-Preparing pond, and this is only applicable to earthen pond cost 10,000
-Provision of net including workmanship cost 4,000
-Procuring young catfish, that is, at N20 each; between 6 grams and 10 grams cost 20,000
-Feeds, floating on daily basis, 74 bags at f c r of 1.1.1kg at N7000 each cost 510,000
-Cost of feeding: let assume it is N2,000 per month for five month cost 10,000
-Cost of logistics: let assume it is N2,000 per month for five months cost 10,000
-Security: let assume it is N1,000 per month for five months cost 5,000
-Cost of Medication, this is optional at 2,000
-Cost of Cropping cost 3,000
-TOTAL 597,000
Sales Table:
Expected Quantity To Be Harvested In Naira Value:
-1,050kg of catfish at the current price rate of N480 per kg cost 504,000
-Total 504,000
Net Profit Will Equal Total Value of Sales, And Total Cost of Production Is To Be Subtracted From Net Profit.
-Hence, For Cost Table For Combination Of Floating And Sinking Feed: It is. 504,000 – 379,000 = 125,000
And For Cost Table Only Floating Feed:
It is. 504,000 – 597,000 = -93,000, which shows a net loss
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Conclusion
The more the quantity of fish, the higher the profit expected. Nevertheless, I will advise that, farmers can start with a 1,000 of fish and then can as well, increase the quantity, as this will aid them in learning and understanding the rudiments of investing in a profitable catfish farming.
