Catfish farming business is very lucrative and you can recoup your capital and make bumper profit within a very short period if you manage your farm properly. Catfishes are one of the highest sources of protein, Omega-3 and other essential minerals such as calcium so it is highly demanded. Also, it is used in preparing most of our local delicacies and so highly demanded by hotel and bar owners even in homes. The fish market is large and unsaturated. The demand for fish far exceeds the supply so the market is always large enough to accommodate new entrants Catfish farming business which can be started with small amount of money and you are still very sure of making profit. However, your capital input determines your profit. The requirements you will need to start and run your fish farm are;
1. MARKET RESEARCH AND GOOD PLAN
Like I always advice my readers, the first thing to do whenever you want to start any business is to engage in a proper market research to discover the viability of the business, know your
competitors, get the prices of materials you will need to start and sustain the business and prepare a realistic plan with accurate cost and revenue projections.
2. RESEARCH AND GET TRAINED
Please do not jump into this business just because you have read that it is very lucrative, it is important you conduct a proper research to know all about the business, read good books and posts like this and above all get yourself attached to a very good catfish farm and be trained for at least a month before plunging into catfish farming business so as not to waste your investment and time.
3. SECURE LAND OR SPACE
This is the next thing to acquire if you intend starting catfish farming business. This can be half plot, full plot or even more depending on your intended scale of operation and the type of pond you intend using. Even a space at your backyard is enough to start small scale fish farming.
4. CONSTRUCT PONDS
After securing a land or a space, the next thing to do is to construct your pond.
We have different types of fish ponds such as earthen pond, concrete pond, plastic pond etc and each has its advantages and disadvantages.
5. ENSURE STEADY WATER SUPPLY
Having constructed your pond, the next thing to do is to ensure constant
source of water supply for your fishes. I advice you dig a borehole and have overheard tanks so as to avoid water scarcity. You can ask well supply water from a nearby stream or even well as long as you are sure the water is clean
and ensure it is constantly supplied to the ponds.
6. BUY FISH FEEDS
It is advisable to have your feeds ready before you go for your juvenile or fingerlings so that after introducing them to the pond, you can actually start feeding them.
Apart from securing land, pond construction and drilling the borehole, fish feeds Is the basic operational cost in catfish farming business as it takes over 70 percent of the expenses incurred in fishery.