larrypourl:


Bro poultry is lucrative if you practice proper hygiene and you're readily available to monitor what goes on in the farm, else those farm attendants will kill one with lies of cracked eggs, etc. Op please and please monitor your sales yourself and always be available on the farm because this investment is huge. Gob bless you.

ponti93:
i was wondering the same thing o... There are other agricultural businesses that will yield d bigger turnover in a shorter time... All d same good wishs to the op

AryaSand:
World People :- He wasted too much cash on this.

Okay, yes he did. What's the way forward? Should he continue this way or he should sell the birds, get back his capital and start again on a smaller scale? Is an expert willing to put him through if he does that? If not then leave him be, he's an adult. If you think he made a mistake/was not properly advised send him a mail and proffer solutions stop making him feel less of a man in Public. Ya'll didn't ask him before he showed you all these.
Well Done OP, I wish you all the best.

supersystemsng:
You invested 7.5 Million in poultry? Am i seeing well? Why invest 7.5M in poultry bro?

samstels:



What better investment would he had done

OMEGA009:
Looking for a reliable egg distributor in Abuja or its environs

yomifowe:


Wonderful analysis. Thank you. I won't have said it better. My point exactly.

takenadoh:
I went through the post and I think the major cost is that for birds which is about 5M out of the 7.smth and the other major one is for feeding,

People suggesting to Purchase DOC which OP would have had to wait for over 6 months to see first production. I guess he is trying to see returns more quickly and remember he can sell the birds as old layers between 2000 naira to 3k5 naira which should return the 7M back assuming minimum casualties.

Kingbuhari:
you should have use the money play pool

takenadoh:


Old layers to be sold for meat at 1100? Please where is that??

lucrownt:
I'm impressed to see this on Nairaland, by the way you ought to have diversified your investment. God forbid bad thing, we are all aware that chickens are prone to several illnesses particularly flu. Did you know that with that 7.5m you can earn a Geometric Progression pattern income.. Let's say you invested 2m in poultry, 2m in cash crop farming, 2m in stocks/shares or treasury bills and 1.5m in fishing, then you have portfolio of investments in which a low risk in one investment will cover for the higher risk in another.. Though the higher the risk the higher the return..
God bless your hustle sir

supersystemsng:


He can invest 7.5M but bad move for an investor, what of aside funds? A businessman that invests more than 80% of his earnings is a gambler...I hope he has set aside funds for his own sake

dotun365:
I think you fail to understand that we are not all equal. you don't know the OP and how much he's worth to be complaining for him about his investments being too much. I would love to see your own thread and how much you are investing. Please if you have time I would like to follow your thread to learn more about cheaper ways of investing in poultry.

takenadoh:
I went through the post and I think the major cost is that for birds which is about 5M out of the 7.smth and the other major one is for feeding,

People suggesting to Purchase DOC which OP would have had to wait for over 6 months to see first production. I guess he is trying to see returns more quickly and remember he can sell the birds as old layers between 2000 naira to 3k5 naira which should return the 7M back assuming minimum casualties.

supersystemsng:


Thanks...There are cheaper ways which is my point of emphasis...you can't take it from the op, first making 7.5m in this country isn't a joke..i respect him.....What i mean is poultry is risky and new entrants should plan well before starting...God bless us all

larrypourl:


You can't sell old layers for 2k bro talk less of 3k. If you really wanna sell them fast it has to be during Christmas and you sell to the market women within 1 - 1.2k who will then resell too. I'm giving u Lagos price. Who dare buys old layers for 2k?

Nukualofa:
God bless you. I'm also looking at where the whole money is in that poultry. I'm not trying to hate but I'm discouraged about investing in that if i have to plough in such enormous capital.


My friend started with 400k for broilers and his ROI is mind boggling that I've sworn to join in that biz.



7.5million, mbanu

dotun365:
Amen. being a rational human, I'm expecting he would get some consultation to throw in 7.5million except of course it's chicken change to him in that case it's just enough to test the waters with.

lammie21:

you are spot on bro... I used close to 1.8m to construct a Layer Pen that could accommodate up to 2,000 layer birds including battery cage water nipple system...then bought 1,000 point of cage pullets at the rate of 900naira per one. Mind you bro, that was even before economic recession started. what about now that price of materials has increased. Poultry, especially Layer birds is very risky. I wish OP all the best...I've learnt my lessons tho.