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Profitability Of Pig Farming In Nigeria - Agriculture - Nairaland

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Profitability Of Pig Farming In Nigeria by maxipharo(m): 4:49am On Jan 06, 2018
PIG FARMING AS A LUCRATIVE BUSINESS IN NIGERIA

Pigs are kept in almost all the farms in Nigeria. It is still common to find pigs roaming freely around communities in rural areas of southern Nigeria than in the Northern parts due to religious taboo associated with pig farming. However, pig farming enterprises are also found in and around towns and cities in many areas of Nigeria, and stands a good lucrative source of income when properly managed like every other farming business.

Good pig farming in Nigeria relies on a combination of inter connected aspects such as housing, breeding and reproduction, nutrition, disease prevention & control and management; which are incorporated into intensive system of pig keeping to achieved a desirable and sustainable production. However, a blend of technical know how to make the right decisions at the right time, capital to provide improved building, feed and drugs, marketing viability to ensure that the animals have to be brought to the market when they have reached the desired weight and with optimum strategy for buying and selling of inputs (drugs, feed, farm facilities & equipment) and output (pork) with dependable sales outlet are key to sustainable income flow from pig farming.

PROFITABILITY OF PIG FARMING IN NIGERIA

NOTE: this is mainly for pig fattening aspect of pig farming.

A simple way to judge whether pig farming is profitable is by comparing the pork price (pig meat) and cost of production.

Assumptions (NB; Based on the available contemporary experience on pig farming)

• Average daily weight gain of 0.4kg
• Average daily feed consumption of 1.64kg from weaner to finisher of (50kg live weight in this case)
• Target live weight of 50kg
• Resultant pork from pig as 80% of its market weight
• Average feed price per kg of diet= #150
• Selling price per kg of pork= #1100
• Other costs(drugs and vaccine) = #1500
Hence,
• The pig would require 50÷0.4= 125 days to reach the target market weight of 50kg
• Total feed consumed throughout growth (125×1.64) = 205kg
• Total cost of feed consumed (205×150)= #30,750
Therefore Total cost of production = total cost of feed + other cost
= 30,750 + 1500
= #32,250
• Resultant pork = 80% of 50kg
= 35kg
• Cost price per kg of pork = 32,250÷ 35
= #806.25
• Selling price of pork per kg = #1,100
• Profit per kg of pork = selling price of pork per kg – cost price per kg of pork
= 1100 – 806.25
= #293.75
Therefore, you make #293.75 for every kg of pork meat!!

HOW CAN MORE PROFIT BE MADE?

While the above illustrations were ensured to be real as obtainable in pig farming. More profit can be made in the following ways:
• Ensuring improved housing to provide convenience to pigs to facilitate better growth.
• Employing good breeding practice by avoiding in breeding and ensuring selection of best animals in the herd for breeding
• Provision of good and well balance feed to your stock to ensure availability of nutrients for fast growth.
• Ensure a good disease control measure, to reduce cost through reduced medication (drugs) and to facilitate the animal’s utilization of nutrients for growth.
• Push to expand production, so as to enjoy more flexibility with economics of scale for production at lesser cost.

http://www.agricincome.com/profitability-pig-farming-nigeria/

7 Likes 3 Shares

Re: Profitability Of Pig Farming In Nigeria by Inspectahdeck(m): 10:03am On Jan 06, 2018
See as the financial aspect sweet....
You did not talk about the stress, mortality, Hugh capital required, Hugh cost of purchasing and powering storage facilities, transportation cost etc.

I agree that piggery is a great business for those that have the strength and patience to invest in the business.

20 Likes

Re: Profitability Of Pig Farming In Nigeria by olafunny(m): 10:52am On Jan 06, 2018
What's wrong with you op, you want to run me out of cow business abi. I will send buratai to your location. Seems u need some python dance

9 Likes

Re: Profitability Of Pig Farming In Nigeria by BruncleZuma: 10:52am On Jan 06, 2018
grin grin grin grin
Re: Profitability Of Pig Farming In Nigeria by hoodmenconcept(m): 10:53am On Jan 06, 2018
hi
Re: Profitability Of Pig Farming In Nigeria by yanshDoctor: 10:54am On Jan 06, 2018
pig? pig is kosher and i am a jew.

but in canada. pigs are confined in AC big lodge 24/7 to cool their body to their needed body temperature. they are very clean and no mud or dirty waters.

but still pig is kosher

1 Like

Re: Profitability Of Pig Farming In Nigeria by smith666999(m): 10:54am On Jan 06, 2018
hmmmm... pig, sweet meat!

1 Like 1 Share

Re: Profitability Of Pig Farming In Nigeria by Nairalanddist: 10:54am On Jan 06, 2018
Pig meat is not good for consumption cos it carries the highest amount of tapeworms

5 Likes

Re: Profitability Of Pig Farming In Nigeria by jericco1(m): 10:54am On Jan 06, 2018
it's really profitable

1 Like

Re: Profitability Of Pig Farming In Nigeria by mekuso89(m): 10:55am On Jan 06, 2018
QuinSecrets:
Although I didn't read the whole post but the topic, but my question is why did the girl follow the boss to the hotel?

What was she thinking?

Nothing will happen?Now, she was raped after refusing the boss. We can't blame the boss either but the lady. Ladies use your sense in 2018!sad
wrong thread mam

1 Like 1 Share

Re: Profitability Of Pig Farming In Nigeria by Malonie242(f): 10:57am On Jan 06, 2018
Hmmm, pig embarassed even if I wasn't a Muslim I won't eat that animal. Very dirty thing

1 Like 1 Share

Re: Profitability Of Pig Farming In Nigeria by higherpower: 11:01am On Jan 06, 2018
QuinSecrets:
Although I didn't read the whole post but the topic, but my question is why did the girl follow the boss to the hotel?

What was she thinking?

Nothing will happen?Now, she was raped after refusing the boss. We can't blame the boss either but the lady. Ladies use your sense in 2018!sad

Someone, posted a business idea n all you can do is to make fun. Every morning you will be pressing phone looking for numbers to flash to buy you breakfast.

24 Likes 3 Shares

Re: Profitability Of Pig Farming In Nigeria by Nobody: 11:05am On Jan 06, 2018
smiley
Re: Profitability Of Pig Farming In Nigeria by QuinSecrets(f): 11:09am On Jan 06, 2018
higherpower:


[s]Someone, posted a business idea n all you can do is to make fun. Every morning you will be pressing phone looking for numbers to flash to buy you breakfast
[/s]Smh!

2 Likes 1 Share

Re: Profitability Of Pig Farming In Nigeria by JuanDeDios: 11:11am On Jan 06, 2018
[
Nairalanddist:
Pig meat is not good for consumption cos it carries the highest amount of tapeworms
Cook it. Well. The darn tapeworms when cooked along with it will enhance the taste. smiley

8 Likes

Re: Profitability Of Pig Farming In Nigeria by ibori1(m): 11:21am On Jan 06, 2018
Wat abt goat rearing

1 Like

Re: Profitability Of Pig Farming In Nigeria by northvietnam(m): 11:22am On Jan 06, 2018
Pig is blood money...

Just that its capital intensive and u will have to give it 7 to 8 months before it starts giving u back...


Pig is blood money

16 Likes 1 Share

Re: Profitability Of Pig Farming In Nigeria by Nobody: 11:22am On Jan 06, 2018
pls where can I buy piglet in Delta state or anywhere

3 Likes 1 Share

Re: Profitability Of Pig Farming In Nigeria by Cool83(m): 11:24am On Jan 06, 2018
I like that meat

1 Like

Re: Profitability Of Pig Farming In Nigeria by Holycity(f): 11:35am On Jan 06, 2018
pls note that pig may eat yu alive if hungry
Re: Profitability Of Pig Farming In Nigeria by Paulpaulpaul(m): 11:38am On Jan 06, 2018
See them everywhere, Pig is money, Pig is money. Do your homework very well oh

5 Likes

Re: Profitability Of Pig Farming In Nigeria by beautiesplace: 11:43am On Jan 06, 2018
Farming is the way out
Re: Profitability Of Pig Farming In Nigeria by egbetokuns(m): 11:56am On Jan 06, 2018
[quote author=EmpresFIDEL post=63943574]pls where can I buy piglet in Delta state or anywhere

Im pig farmer ..My farm is at Iwo(osun state and omi adio ( Ibadan). I have any kind of pig u want. Weaners .Gilts ,sows and boar. Pchat me or call on 08060585352

2 Likes

Re: Profitability Of Pig Farming In Nigeria by zoogy2007: 12:00pm On Jan 06, 2018
maxipharo:
PIG FARMING AS A LUCRATIVE BUSINESS IN NIGERIA

Pigs are kept in almost all the farms in Nigeria. It is still common to find pigs roaming freely around communities in rural areas of southern Nigeria than in the Northern parts due to religious taboo associated with pig farming. However, pig farming enterprises are also found in and around towns and cities in many areas of Nigeria, and stands a good lucrative source of income when properly managed like every other farming business.

Good pig farming in Nigeria relies on a combination of inter connected aspects such as housing, breeding and reproduction, nutrition, disease prevention & control and management; which are incorporated into intensive system of pig keeping to achieved a desirable and sustainable production. However, a blend of technical know how to make the right decisions at the right time, capital to provide improved building, feed and drugs, marketing viability to ensure that the animals have to be brought to the market when they have reached the desired weight and with optimum strategy for buying and selling of inputs (drugs, feed, farm facilities & equipment) and output (pork) with dependable sales outlet are key to sustainable income flow from pig farming.

PROFITABILITY OF PIG FARMING IN NIGERIA

NOTE: this is mainly for pig fattening aspect of pig farming.

A simple way to judge whether pig farming is profitable is by comparing the pork price (pig meat) and cost of production.

Assumptions (NB; Based on the available contemporary experience on pig farming)

• Average daily weight gain of 0.4kg
• Average daily feed consumption of 1.64kg from weaner to finisher of (50kg live weight in this case)
• Target live weight of 50kg
• Resultant pork from pig as 80% of its market weight
• Average feed price per kg of diet= #150
• Selling price per kg of pork= #1100
• Other costs(drugs and vaccine) = #1500
Hence,
• The pig would require 50÷0.4= 125 days to reach the target market weight of 50kg
• Total feed consumed throughout growth (125×1.64) = 205kg
• Total cost of feed consumed (205×150)= #30,750
Therefore Total cost of production = total cost of feed + other cost
= 30,750 + 1500
= #32,250
• Resultant pork = 80% of 50kg
= 35kg
• Cost price per kg of pork = 32,250÷ 35
= #806.25
• Selling price of pork per kg = #1,100
• Profit per kg of pork = selling price of pork per kg – cost price per kg of pork
= 1100 – 806.25
= #293.75
Therefore, you make #293.75 for every kg of pork meat!!

HOW CAN MORE PROFIT BE MADE?

While the above illustrations were ensured to be real as obtainable in pig farming. More profit can be made in the following ways:
• Ensuring improved housing to provide convenience to pigs to facilitate better growth.
• Employing good breeding practice by avoiding in breeding and ensuring selection of best animals in the herd for breeding
• Provision of good and well balance feed to your stock to ensure availability of nutrients for fast growth.
• Ensure a good disease control measure, to reduce cost through reduced medication (drugs) and to facilitate the animal’s utilization of nutrients for growth.
• Push to expand production, so as to enjoy more flexibility with economics of scale for production at lesser cost.

http://www.agricincome.com/profitability-pig-farming-nigeria/
Nice, but there are a lot of hidden costs that you failed to highlight. You only talked about food and drugs. What about labor, transport and other infrastructural costs? Please guide the newcomers well in your posts. We do not want to be misleading young entrepreneurs.

3 Likes

Re: Profitability Of Pig Farming In Nigeria by femu(m): 12:01pm On Jan 06, 2018
Fresh Pork and Sausages for Sale

Call, SMS or WhatsApp 08034209301 to Order

Re: Profitability Of Pig Farming In Nigeria by femu(m): 12:04pm On Jan 06, 2018
100 Weaners and About-to-cross Pigs for Sale.


Call, SMS or WhatsApp 08034209301 to Order.


Delivery Nationwide
Re: Profitability Of Pig Farming In Nigeria by ipobarecriminals: 12:07pm On Jan 06, 2018
lipsrsealed lipsrsealed PIGS. very nice biz combo with PYTHONS
Re: Profitability Of Pig Farming In Nigeria by hamzyluv(m): 12:50pm On Jan 06, 2018
olafunny:
What's wrong with you op, you want to run me out of cow business abi. I will send buratai to your location. Seems u need some python dance
haaaaaaaaaaaaa


My guy u are d real nigga.
Really funny

Python dance ..... Make him no try am oooooo


I beg ask NNambi people
Re: Profitability Of Pig Farming In Nigeria by haywhy17(m): 1:09pm On Jan 06, 2018
I disagree with ur analyses... If feed costing is done well, u would make more profit...

2 Likes

Re: Profitability Of Pig Farming In Nigeria by iguita: 1:28pm On Jan 06, 2018
Your head is correct
Inspectahdeck:
See as the financial aspect sweet....
You did not talk about the stress, mortality, Hugh capital required, Hugh cost of purchasing and powering storage facilities, transportation cost etc.

I agree that piggery is a great business for those that have the strength and patience to invest in the business.
Re: Profitability Of Pig Farming In Nigeria by Caliph69: 1:35pm On Jan 06, 2018
zoogy2007:

Nice, but there are a lot of hidden costs that you failed to highlight. You only talked about food and drugs. What about labor, transport and other infrastructural costs? Please guide the newcomers well in your posts. We do not want to be misleading young entrepreneurs.

You’re right. Pig business is expensive. Very expensive. Not trying to discourage anyone but that’s the truth. I am into it and i can tell you. All this his analysis is on paper. It’s different from what’s obtainable. I know how much i have put into it. And believe me for more than a year, i still handle most of the expenses from my money. The fact that good things don’t come that easy is what’s keeping me going. He never mentioned cost of the pens, water, Labour, transportation as you stated. And the feeding is not as cheap as he stated.

3 Likes

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