Hidden Truths About Catfish Business!!

Fish farming like other business has its prons and cons.. And truthfully its a very lucrative and yet a money draining business..

I have read articles about how lucrative the business is and how to invest and reap millions.. All I do is just to laugh on reading such article.. All they want is just for u to buy their manual and make money.. Surprisingly most of them don't have a farm of their own, they are computer farmers who don't have any experience whatsoever in the business..

I know of farms within my area who have shut down their farms due to frequent loss over the years..
I was also considering shutting down myself after I lost close to 2 million naira, yeah u heard me TWO MILLION NAIRA, but after diligent study which took about a year I decided to give it my last shot..
I had to seek help from other farmers, but every farm I went to I noticed they where all also running at loss.. That was when I decided heading to songhai farms at benin repurblic.. At songhai I learnt all what I was suppose to know concerning fish farming, from how to hatch( spawning) to management, feed formulation and what have u..

New Brands Of Local Rice Flood Major Markets, As Prices Of Major Items Dro

The local price of rice recorded a significant drop after weeks of price hikes following the closure of Nigerian land borders. Latest Nairametrics Food Price Survey reveals more brands of local rice have now flooded major markets in the country helping to drive down prices of local rice.

The latest household survey conducted by Nairametrics Research Team showed that some new brands of local rice now sell for as low as N17,000. Also, the prices of other items like round shaped tomatoes, bags of onions dropped from what was reported two weeks earlier.

Despite the price drops recorded, some major items such as palm oil, groundnut oil, and foreign rice increased in price. The report includes details on items that witnessed increase in price, items that reduced, special market/items as well as market insights.
 Items that recorded an increase in price

A Must Read For Plantain Farmers And Intending Farmers

 

Plantain farms can last for decades and the thing about setting up a plantain farm is that if done wrongly in the first year,the yield of other years will be affected.
Setting up plantain farm requires a highly specialised skills,
its different from maize farm or moringa set-up.
If anyone will.not guarantee a good market for your plantain farm, why would you allow them to set and manage your plantain farm for you?

And if they assure you that they have buyers or they will buy the plantain from you after harvest,
why should they charge for consultancy and setup fee and not charge from the profit being made after selling the plantain if truly they are after the success of your plantain farm?

BECOME MILLIONAIRES THROUGH EDIBLE MUSHROOM CULTIVATION AND SPAWN PRODUCTION

MUSHROOM
The greatest difficulty in feeding man is to supply a sufficient quantity of the body- building material i.e protein. The other three nutritional categories are: the source of energy food (carbohydrates and fats), accessory food factors (vitamins) and inorganic compounds which are indispensable to good health. Water is of course essential (Chang and Buswell, 2003). In addition to their good proteins, mushrooms are a relatively good source of the following individual nutrients: fat, phosphorus, iron and vitamins including thiamine, riboflavin, ascorbic acid, ergosterine and niacin.
They are low in calories, carbohydrates and calcium.
In ancient Egypt, people consider mushroom as the plant of immortality, and the Pharaohs, respecting its delicious flavors, decreed that mushroom should not be touched by commoners.
Today, the science of mushroom has been fully developed for many species in the developed countries in Europe, North America and Asia.
For example Agaricus bisporus,mostly produced in North America and European countries. Volvariella volvacea produced in china, Taiwan, Japan, the Philippines and Indonesia. Oyster mushroom Pleurotus ostreatus, P. pulmonarius produced in Asia, Italy and Hungary. The Jew’s ear Auricularia auricula is produced in China for centuries. While these countries are now deriving a great economic benefits (in mushroom exports) and increased the dietary of their people, Nigeria is still behind in this regard. Only a few smart entrepreneurs are into the production of mushroom in Nigeria, however this is not enough to meet the high demands of the health oriented public. There is alot of demand for Mushrooms in Nigeria due to the continous increase in population.

Palm Oil,a major product demanded by both consumers for food consumption

Crude Palm oil (elaeis guineensis) as uncommonly referred to the palm oil produced, is a major product demanded by both consumers for food consumption and producers who look into further processing to finished goods like; soaps, cosmetics, lubricants, biogas and other food staples), it is considered to be nutritiously endowed with vitamin A, E, K, rich in carotene, fatty acid and iron.

BUSINESS PLAN ON SPICES PROCESSING PLANT

1.0 Executive Summary

   Spices like ginger, garlic, pepper and vegetables are major crops produced in Nigeria. They are perishable in nature and have a limited shelf life. It is seasonal and become very scarce and expensive during its off season, its short life and inadequate processing and preservation leads to revenue loss to the farmers.

   Nigeria is the second largest producer of tomato and spices in Africa and 13^th largest in the world. Currently our production is about 1.170 million tonnes of tomatoes at an average of 25 to 35 tonnes per hectare. Despite this advantage Nigeria still imports processed spices to the tune of 65,809 tones value at N11.7 billion in 2010.

   The reason for this is well known, as not less than 50% of the spices and other crops produced in the country is lost due to lack of preservation, poor storage, transportation risk and absence of technology to harness these resources.

The market for spices is national. Nigeria has a large market for spices, with a population of over 160 million people and an estimate national population growth rate of 5.7% per annum, an average growth rate of 3.5% per annum in the past five years.

  Tomato is rich in vitamin A and C and also fibre, and it is cholesterol free. Tomato fruit boast of only 10 calories in every 42.28 grams. You can now see that Tomatoes is very important in our diet.

Tomato and pepper and other spices being a seasonal crop sells between N450 to N1200 in it season and between N3000 to N7000 at off season. This huge price differential makes it glaring that there will be huge return on investment in this sector.

BUSINESS PLAN ON SPICES PROCESSING PLANT

1.0 Executive Summary

   Spices like ginger, garlic, pepper and vegetables are major crops produced in Nigeria. They are perishable in nature and have a limited shelf life. It is seasonal and become very scarce and expensive during its off season, its short life and inadequate processing and preservation leads to revenue loss to the farmers.

   Nigeria is the second largest producer of tomato and spices in Africa and 13^th largest in the world. Currently our production is about 1.170 million tonnes of tomatoes at an average of 25 to 35 tonnes per hectare. Despite this advantage Nigeria still imports processed spices to the tune of 65,809 tones value at N11.7 billion in 2010.

   The reason for this is well known, as not less than 50% of the spices and other crops produced in the country is lost due to lack of preservation, poor storage, transportation risk and absence of technology to harness these resources.

The market for spices is national. Nigeria has a large market for spices, with a population of over 160 million people and an estimate national population growth rate of 5.7% per annum, an average growth rate of 3.5% per annum in the past five years.

  Tomato is rich in vitamin A and C and also fibre, and it is cholesterol free. Tomato fruit boast of only 10 calories in every 42.28 grams. You can now see that Tomatoes is very important in our diet.

Tomato and pepper and other spices being a seasonal crop sells between N450 to N1200 in it season and between N3000 to N7000 at off season. This huge price differential makes it glaring that there will be huge return on investment in this sector.