The success of a commercial livestock farming largely depends on the continuous supply of good quality nutritious feeds. In Nigeria, the major portion of livestock caters to cattle and poultry farming. So, cattle and poultry feed manufacturing is a profitable business here. In this article, we intend to explore how to start a small scale cattle and poultry feed manufacturing business.

Any individual can start a cattle and poultry feed manufacturing business as small and large scale basis. In addition, you can also start only cattle feed or only poultry feed manufacturing. However, according to the product you want to produce, you will need to procure machinery. However, the starting of both cattle and poultry feed manufacturing from the same unit is more viable financially. You can start this business with moderate capital investment. The manufacturing process is simple. Finally, you can procure the raw materials from the local wholesale market.

READ ALSO LEMONADE PRODUCTION BUSINESS

CATTLE & POULTRY FEED MARKET POTENTIAL
The Nigera poultry feed industry, dependent on the sound growth of poultry has a great untapped potential. However, the southern part of Nigeria holds the maximum share of poultry production and consumption. Market researchers anticipate the poultry feed market to grow at a CAGR of around 8% during 2012-13 to 2016-17. In coming years, the potential for packaged feed is expected to grow at a higher pace as compared with the traditional feed. In addition, the per capita consumption of milk, eggs, and broiler meat is growing rapidly. The Nigeria feed industry is undergoing a very exciting phase of growth for the next decade. So we can conclude a small scale cattle and poultry feed manufacturing business is a techno-commercially profitable project.

CAPITAL INVESTMENT FOR CATTLE & POULTRY FEED MANUFACTURING
Generally, this type of manufacturing business demands two types of capital investment. One is fixed capital and another is working capital investment. Working capital cost includes raw material, staffing, transportation and other daily basis expenses. However, keep in mind, this type of products demand adequate distribution after the production. And it attracts a moderate capital investment in marketing and transportation.

GET TRAINING FOR CATTLE & POULTRY FEED MANUFACTURING
New entrepreneurs generally look for training sessions to get the technical knowledge. In Nigeria, there are different Govt authorities who provide training on the manufacturing technology. Find the list of training centres on feed formulation and quality control.

CATTLE & POULTRY FEED MANUFACTURING LEGAL COMPLIANCE
In starting this business, you will need to obtain different registration and licenses from the Govt. authority. Here we put some of the basic requirements. However, it is advisable to check your state law.

● First of all, register your business. This is the primary responsibility.

● Obtain Trade License

● Check whether VAT is required or not.

● Finally, you can protect your brand name through Trademark registration.........

source: https://www.wealth-ideas.com/how-to-start-a-small-scale-cattle-poultry-feed-manufacturing-business/