Invest in your own poultry farm in Nigeria today
As many markets have been overwhelmed with all kinds of business opportunities, ranging from industrial domains and going all the way to those considered more simple ones such as farming, we have to ask ourselves : what is truly a lucrative business and how do we manage it ?
We tend to believe that farming, as stated above, is one of the simplest endeavours in the business field, as we have been used to considering farming a small enterprise, that can be managed by just about anyone with no great difficulty. However, the fact of the matter is that farming, in all its forms, can be quite the challenge if it is not done propperly. We have seen, in African countries, an increase in demand for poultry products within these last few years.
Take Nigeria, a country that has over 160 million consumers and has an egg production that is the largest in Africa, followed by South Africa – this is a country that has faced numerous adversities and challenges in its attempts to encourage local poultry farming and is still trying to do the best to ensure its own poultry products.
Being that the poultry sector is very fragmented, into small farms, and that Nigeria is a country that has banned, since 2003, chicken importation, it becomes all the more difficult to actually manage to start a farm investment opportunity within the poultry sector.
However, we must not forget that farm investment is still a very profitable business and poultry farming has a number of advantages that are quite hard to overlook in the general context. What are those, you may ask? Let us analyze a bit:
⁃ First of all, poultry farming is very profitable as a result of the large demand for chickens, mostly seling for over 2000 naira.
⁃ Secondly, as mentioned before, the country produces and consumes a large ammount of eggs, with a price of 500 naira per crate.
⁃ Chickens reproduce fast, at a whopping rate we might say : laying eggs every day and hatching in only 21 days, it is very easy to estimate that one would have thousands of chicks in a mere month.
⁃ Also, chickens have a rapid growth rate, being ready to be sold in 28 weeks and thus adding to the profitability of the business itself.
With all of this being said, it becomes apparent that poultry farming and generally farm investment are a very good idea. Do we necessarily need experience ?
One might think yes. However, with new companies that can offer expert advice and competent oppinions, we may skip some of the steps that are usually mandatory, such as actually setting up a physical location for our farm, and simply go into market research to see if poultry farming is a good opportunity for us. The future can only tell, but we must also encourage the future!
How is, or should, farm investment be regarded when talking about countries that have a huge potential but a very small margin for failure ? Should we take into consideration the idea that an investment into such a reliable and long-standing domain such as farming is, or will be in the long term, without doubt a good opportunity ?
Should we be, as an investor, more or less weary of investing in farming in an African country ? Is it fair to consider animal farming or plant farming as being a less lucrative or a more lucrative business only because it is placed in a country that is trying to boost its economy by offering farming funds to new investors ? This is a point of view that deserves to be not only put into the spotlight, but analyzed from multiple perspectives and that we should certainly not overlook.
