Nairaland Forum

Welcome, Guest: Join Nairaland / Login / Trending / Recent / New
Stats: 1263181 members, 1712784 topics. Date: Saturday, 01 November 2014 at 01:42 PM

Reasons Why Fish Farmers Fail In Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Reasons Why Fish Farmers Fail In Nigeria (11371 Views)

Bombs From Abuja To Nairobi Fail To Slow Africa’s Markets / Why Do Businesses Fail In Nigeria? / Why Many Businesses Fail In Nigeria (1) (2) (3) (4)

(0) (1) (Reply) (Go Down)

Reasons Why Fish Farmers Fail In Nigeria by ultrazone(m): 10:13pm On Feb 03, 2013
Why Nigerian Fish Farmers Fail in Fish Farming.

1. No Market: Bad fish farmers start looking for a market for their fish when the fish are ready for sale. Meanwhile, because they are still feeding, the pond attains its maximum loading and fish stop growing. The longer the fish stay in the pond after they have stopped growing, the smaller the profit margin.

2. Poor Farm Siting: Such as in a place with inadequate water supply, poor soils for pond construction (e.g. may be rocky), far away from markets and/or supplies, etc.

3. Poor farm and facility design: Pond dikes not compacted properly, leak a lot, may be too shallow, and consequently construction and maintenance costs become too high while optimum yields are not achieved. Poor accessibility to ponds, requiring workers to walk across difficult terrain to transfer fish from pond to vehicle or vice-versa.

4. Poor Investment Plan: Several farmers assume that to be a commercial fish farmer one must have several large ponds. Hence, they construct many ponds at once, which constrains their cash flow. Because of this, some farmers take a while to start production or may only afford to start production in one pond after all the investment.

5. Lack of Technical Knowledge: Start production before knowing what management options are available or how to farm fish.

6. Do not employ the right people. Entrepreneurs employ the right people who are qualified for a specific job. Hiring family members who have little or no desire to learn proper fish farming techniques is a liability because most people find it difficult to dismiss them even after it has become apparent that they are the reason for the poor performance of the fish farm.

7. Absentee Owners/Managers: Manage farms by remote control or telephone. No direct involvement in production and management activities of the farm.

8. Irregular and improper feeding: This ranges from complete lack of knowledge about the nutritional requirements and feeding of catfish to attempts at saving money by using cheap feeds. Some farmers just do not feed their fish because they think fish will grow as long as they are in water. They do not realize that like all animals, best performance would be obtained if the fish have a balanced diet and that the feed needs to be palatable, easily digestible and does not disintegrate into the water before the fish can consume it. Fish should be fed with the correct feed of the right quality by a conscientious person who is aware that fish should be fed according to feeding response. Fish may not always feed with the same intensity. They may not want to consume much in bad weather or with a sudden change in temperature; fish may also not eat when they are sick.

9. Fail to Use the Best Person for Feeding: The person feeding fish should be conscientious and keen to observe the fish and know their habits. Feed is not to be dumped into ponds or tanks, but fed according to the fishes feeding response. Feed is expensive (up to 60-70% of operating cost) and only the best laborer can obtain a low feed conversion and lowest cost.

10. Does not understand management regimes: Do not appreciate that different management levels have different requirements which consequently affects stocking rates. Stocking rates are a function of the specific management regime.

11. Focus on few large fish rather than Volume Production: Being more impressed with harvesting the few large fish rather than looking at the overall picture and appreciating total tonnage at harvest. Survival rates and average fish size matter when raising table-fish, because profit margins above operational costs generally range between 10 to 30% depending on one’s market. The net income is therefore largely a function of turnover.

12. Do not keep records and do not assess performance to re-adjust management practices accordingly after each cycle. A farmer is therefore unable to tell whether a profit or loss will have been made. Having money in one’s pocket after a sale does not imply one has made a profit. Records must be kept on all aspects of management to help the farmer evaluate and correct his/her management practices, for improving production and putting together a business plan.

13. Hobby farmers who fail to harvest at the correct time, as though they are taking care of wild-life in a game park.

14. Wrong objectives for investing in aquaculture. Some do it simply because their friends are doing it or because they are targeting ‘free’ funds from donors or government. Nothing in this world is free. Always watch out for the hidden costs before making a final decision. Furthermore, pond or tank construction is costly and is not something one should undertake for the sake of it. Think objectively before you embark on fish farming. Farm fish as a business; as a source of employment and income for yourself and others. Invest in fish farming only if you have studied it and understand the challenges.

15. Expand the farm as a solution to low profit and yields. It is a bad business decision to expand a failing business without first finding out what the causes of the failure are and correcting them.

16. Believe consultants and newspaper reports that indicate fish farming requires little investment and results in huge profits. If it were that easy, everyone would be doing it. And the so-called consultants would be busy making money from growing fish; not from advertising their expensive training programs.

http://catfishfarmingbusiness.com/blog/16farmfailuresreasons/

7 Likes

Re: Reasons Why Fish Farmers Fail In Nigeria by Zikdik: 2:18pm On Mar 21, 2013
Every detail outlined here points to one thing...Nigeria is FAILED state
Re: Reasons Why Fish Farmers Fail In Nigeria by MMM2(m): 2:18pm On Mar 21, 2013
Must 1 comment
Kk
1st 2 comment undecided
Re: Reasons Why Fish Farmers Fail In Nigeria by melorious4(m): 2:18pm On Mar 21, 2013
Some of them are making it big.
Re: Reasons Why Fish Farmers Fail In Nigeria by Judolisco: 2:18pm On Mar 21, 2013
Come 2 river niger then u wil knw all dis is lies
Re: Reasons Why Fish Farmers Fail In Nigeria by opecis: 2:19pm On Mar 21, 2013
thanks 4 dis info. nice write-up
Re: Reasons Why Fish Farmers Fail In Nigeria by Temismith: 2:23pm On Mar 21, 2013
Fish oh fish!
Re: Reasons Why Fish Farmers Fail In Nigeria by momodub: 2:23pm On Mar 21, 2013
nice write up
Re: Reasons Why Fish Farmers Fail In Nigeria by elkol: 2:24pm On Mar 21, 2013
If you get correct Oga at the top you will know all these don't matter... Nice piece though!
Re: Reasons Why Fish Farmers Fail In Nigeria by swtcharissa: 2:25pm On Mar 21, 2013
Abegi,if d biz no go move for ur hand e no go just move,no matter ‎​♓ω ‎​U̶̲̥̅̊ try
Re: Reasons Why Fish Farmers Fail In Nigeria by Temismith: 2:25pm On Mar 21, 2013
M M M: Must 1 comment
Kk
1st 2 comment undecided
no ure not tongue tongue tongue tongue tongue :p grin grin
Re: Reasons Why Fish Farmers Fail In Nigeria by firstolalekan(m): 2:26pm On Mar 21, 2013
NA MAMI WATERS DE COZ AM.

Re: Reasons Why Fish Farmers Fail In Nigeria by TYTAN(m): 2:28pm On Mar 21, 2013
You are very kind hearted to have posted this. This applies to all businesses, you must learn the rope, even selling pure water in traffic. Thanks so much

1 Like

Re: Reasons Why Fish Farmers Fail In Nigeria by mcevans1(m): 2:30pm On Mar 21, 2013
Correcto Mundo OP! Thumbs up and a High 5 cheesy I will inform Baba Wakila to take this advice and resurrect his fish pond. Hehe
Re: Reasons Why Fish Farmers Fail In Nigeria by Santi222(m): 2:39pm On Mar 21, 2013
Zikdik: Every detail outlined here points to one thing...Nigeria is FAILED state
very silly comment. What does Poor technical knowledge and inability to properly manage a business have to do with Nigeria's present status as a State? If you are lazy, will GEJ come to feed your fish for you? What does PDP and CPC have to do with poor pond construction and improper marketing techniques? Dont give silly excuses. Take advice.

5 Likes

Re: Reasons Why Fish Farmers Fail In Nigeria by Peteridiata: 2:48pm On Mar 21, 2013
With all these, what r d soln 4 me am goin in come what may!
Re: Reasons Why Fish Farmers Fail In Nigeria by Nuzo1(m): 2:59pm On Mar 21, 2013
The business of Fish farming is great if properly managed according to the points op listed.

However, in all truthfulness, the economic benefits of fish farmingg is incredibly overhyped by the government and her agents.

Nigeria is a beef consuming nation. Nothing more!
Re: Reasons Why Fish Farmers Fail In Nigeria by akonucheinfo(m): 3:39pm On Mar 21, 2013
nice writeup.
Re: Reasons Why Fish Farmers Fail In Nigeria by vision2050: 3:42pm On Mar 21, 2013
Fish
Re: Reasons Why Fish Farmers Fail In Nigeria by thirty(m): 3:45pm On Mar 21, 2013
Judolisco: Come 2 river niger then u wil knw all dis is lies
which river niger? you people are bless with the rivers and you can not feed the nation.
lazy people.
Re: Reasons Why Fish Farmers Fail In Nigeria by omonnakoda: 3:54pm On Mar 21, 2013
Santi222:
very silly comment. What does Poor technical knowledge and inability to properly manage a business have to do with Nigeria's present status as a State? If you are lazy, will GEJ come to feed your fish for you? What does PDP and CPC have to do with poor pond construction and improper marketing techniques? Dont give silly excuses. Take advice.
Guy you need a sense of humour. You are too serious
Re: Reasons Why Fish Farmers Fail In Nigeria by omonnakoda: 3:56pm On Mar 21, 2013
Nuzo':
The business of Fish farming is great if properly managed according to the points op listed.

However, in all truthfulness, the economic benefits of fish farmingg is incredibly overhyped by the government and her agents.

Nigeria is a beef consuming nation. Nothing more!
So how come we spend billions importing fish?
Re: Reasons Why Fish Farmers Fail In Nigeria by sobastical(m): 4:52pm On Mar 21, 2013
M M M: Must 1 comment
Kk
1st 2 comment undecided


You be musu, na when you go get sense sef?
Re: Reasons Why Fish Farmers Fail In Nigeria by gRutiE(f): 4:52pm On Mar 21, 2013
Zikdik: Every detail outlined here points to one thing...Nigeria is FAILED state
zikdik it only point on one thing which is : U Re A FAILED Fellow. grin
Re: Reasons Why Fish Farmers Fail In Nigeria by booqee(f): 5:39pm On Mar 21, 2013
Thanks op. Nice write up. Yeah fish farming requires a lot experience and hardwork.
I remember once when the fishes in my dad's farm were sick, we kept giving them food and introducing salt into the water, but they just kept dying the more. It was not until later b4 we knew it was 'overfeeding' dat caused their sickness. Anyway OTC was the saviour. But by then we had lost close to a thousand fishes angry
Re: Reasons Why Fish Farmers Fail In Nigeria by ade2008(m): 7:23pm On Mar 21, 2013
Fish farming is a lucrative business if properly manage.b4 one goes into this business one need To consider these factors highlighed.
Re: Reasons Why Fish Farmers Fail In Nigeria by pat077: 7:58pm On Mar 21, 2013
na inside plastic tank i dey rear my own,and it's 4 domestic consumption so ur advice are nt dat important 2 me 4 now. I may consider ur advice when i'm ready 2 go commercial.

1 Like

Re: Reasons Why Fish Farmers Fail In Nigeria by excelsiorfarm(m): 8:17pm On Mar 21, 2013
nice post,op to add & readjust two points a bit,first u can grow yr catfish to as much as 7Kg or more,depending on breed,i hav a farmer here in ibadan wit over 5Kg(i mean one fish),what it means is if sales hasnt come,if u continue to cater for yr fishes(not runts) they will continue to grow as long as they were from good parentstocks,also if u hav just 30K & u structures either wood & waterproof polythene with skill u can begin hatchery
Re: Reasons Why Fish Farmers Fail In Nigeria by miqos02(m): 8:35pm On Mar 21, 2013
Zikdik: Every detail outlined here points to one thing...Nigeria is FAILED state
haba. i think you should read the post again. its simply about fish business management
Re: Reasons Why Fish Farmers Fail In Nigeria by excelsiorfarm(m): 8:35pm On Mar 21, 2013
for emphasis in Nigeria,d reason why any business fail in addition to with your post,impatience & greed eg wale adenuga had being giving us ikebe super etc for a longtime & today we know d story wap tv,film school etc,focus & patience does it in every biz for success to be attain

1 Like

Re: Reasons Why Fish Farmers Fail In Nigeria by Nuzo1(m): 10:17pm On Mar 21, 2013
omonnakoda:
So how come we spend billions importing fish?

The question should be 'why is it that most of our fish farmers can't sell?'

(0) (1) (Reply)

Soap Making As A Highly Profitable Business / Do You Want To Win Football Pool This Week 27? / The Value Of CFA To Naira As At Today

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2014 Oluwaseun Osewa. All rights reserved. See Nairalist and How To Advertise. 75
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.