Are you considering beginning an animal or livestock farming enterprise? Then read on as this guide is right for you.
A while ago, we created an article that borders on business opportunities in the farming sector. So today, we’ll be focusing on a part of the business and this segment is livestock farming.
What exactly is livestock farming?
Livestock farming or animal husbandry can be described as the process of breeding animals for consumption purpose.
But in this report, we’ll be taking a look at the gain or business side of livestock farming. It’s an established actuality that as long as people exist, there’ll always be demand for meals along with both main sources of food to humanity are plants and animals.
Today, livestock farming is among the most lucrative companies in the agriculture or even agro-allied business.
Livestock farming generally is a flourishing business in Nigeria and the world at large. The tendency of the business not flourishing isn’t coming anytime soon.
But the majority of men and women shy away from this line of business because it demands a lot of capital and labour. But if you’re interested in rearing animals for the sake of making money from it, then here are a few livestock you may breed and earn money from their production.
You may also begin the livestock business from the garden. With 150+million mouths to feed every day, there’ll always be demand for livestock products. But, absence of specialized know-how and the usage of primitive equipment are the significant factors hampering the development of this business
Catfish farming is among the quickest business opportunities in Nigeria, it is an emerging business that has not reached its complete potential. The significant players in this industry are generally regional players. What this means in essence is that every significant participant in the catfish farming sector is concentrated solely on a specific small business plan to satisfy only their locations.
The sign that shows how well livestock business will survive for life in Nigeria: There’s a bill being proposed today by the national government of Nigeria to prohibit the importation of frozen fish. Ban was also imposed by the federal government of Nigeria with regard to the importation of live or frozen poultry birds.
If it’s possible to come in with sufficient knowledge and the patience to get started with this business, you’ll reap hugely. You can either venture into breeding of animals or even better still, you are able to venture into livestock feed.
Here Are Some Livestock Farming Businesses You Can Venture Into:
- Fish Farming
- Rabbit Farming
- Poultry farming
- Snail Farming
- Goat Farming
- Grasscutter Farming
- Cattle Farming