Cost of feed has reduced but the price of eggs has also reduced, so it is easier to get into.
However, the profit margin is still more or less, the same. If you have an under-supplied market around you to supply, then that would be a perfect reason to get in
StonedLex: Please, do you have up to date info about this business? It's something I want to get into this year. I'd appreciate your inputs.
Apart from the issue with insufficient light, the yam setts were too big for the sacks. Setts shouldn't be more than 500grams. That's probably why the growth cycle ended so fast
Another bump. More people need to see this comment.
Mrdellychy: Lol Their ridiculous charges is a sign that they know nothing about farming. If they do, them suppose pity farmers small. If he's leasing an acre for 200k, can a farmer realize a gross sale of 200k from selling a fresh corn from one acre in the South? If the land has a thick vegetation, land prep (clearing, packing/burning,ploughing,) alone can gulp up to 100k per acre. Cost of treatments/maintenance: herbicides, insecticides, seed, etc all of them dey there. If not for the current inflation in the price of farm products/ food, few years ago, a ton of cassava sold less than 20k and u can only get an average of 7ton of the tuber from an acre.
The Kamara basket hive is better because it is cheap
It is 2 Cylinder baskets inside each other to harvest the one at the back and opposite the bee entrance has the honey and is pulled out and another empty basket Cylinder is pushed in to replace it
This is a very good thread. I hear Langstroth hives yield the most but the challenge is accuracy. And thanks for the tip about spraying agrochemicals only in the evening
Now I want to explore the financial requirements needed to start an apiary busines on a budget. Please offer your contributions so that this analysis will be as accurate as possible.
GreyWolf01: So why can't seeds from the harvested TELA be replanted?
If they are so great and sustainable, one should be able to replant, no?
GMO's are a dangerous.
Make of this what you will.
They can be replanted. They just won't yield as much as the first harvest due to unfavourable recessive genes gaining expression.
Hybrid plants and animals behave that way. I am also wary of the GMO, but I know they are usually tested for all kinds of stuff that natural seeds don't get tested for. Apart from any sinister agenda, GMO is usually as safe as natural seeds.
jflower06: There is no way 10 feeders will serve 100 birds. Unless you want serious competition which will lead to bullying. If the marketing is not well planned, you may have to eat some by yourself because lots of people reared the birds they need on their own at their backyards
Tah. 10 birds per feeder is more than enough sef. One rectangular feeder takes up to 12 birds at once.
Also, this analysis was made with Lagos in mind. A 25 million population of People who don't always have backyard spaces or time. I mentioned the marketing issue in the initial post and I'm sure buyers will fall over themselves to buy a 4kg live broiler at #16,500
Christmas is approaching, and I have been seeing people advertising one broiler for 20 to 25k. Of course, as an entrepreneurially inclined person, I naturally want to know the costs involved. Luckily, I don't have to write a whole business plan to know this. Come along if you want to know how lucrative broiler production is.
Disclaimer: Prices vary. This analysis is based on prices obtainable in Lagos.
Your contributions will be needed to make this analysis more accurate. So, contributions are welcome.
Let's go!
Apart from land and housing, 100 broilers will need the following:
10 feeders..............#20,000
5 medium drinkers should be enough.......... #10,000
Charcoal stove...........#3,500
Weighing scale.........#15,000
Shovel......#8,000
Rechargeable lightbulb......#3,000
Wood shavings & sawdust ( I used 3½ bags last time out).........#8,000
Charcoal: 1 bag maximum.......#6,000
Drugs: Glucose, antistress, anti-cocci, CRD, Tylosin, enthrofloxacin, multivitamins, broad spectrum antibiotics, & calcium supplements if possible. You will not use all in a set, but you need to have these drugs in your arsenal...........#23,000
Vaccines: Lasota 2x, Gumboro & Infectious bronchitis if possible. ........#7,000
105 Day old chicks to account for ~5% mortality............#105,000
Sub total: #195,500
FEED:
Starter: weeks 1 to 4 — 2.2kg consumed per bird. 2.2kg x 105 = 231kg (three mortalities here) 231kg = 9.24 ~ 9 bags
9 x #26,000 = #234,000
Grower: Week 5 — 1.22kg consumed per bird. 1.22 x 102 = 125kg (two mortalities here) 125kg = 5 bags
5 x #25,000 = #125,000 You don't necessarily need to use grower though
Finisher: week 6 to 8 — 4.72kg eaten per bird 4.72 x 100 = 472 kg 472kg ~ 19 bags
19 x #26,000 = #494,000
Feed total = #853,000
Most farmers will not keep them to 8 weeks and it gives a better profit that way. However, Christmas is an exception. People will pay for big chicken during christmas so
TOTAL costs: #1,048,500
By the time you feed broiler this way, it will easily weigh 4kg in two months. With all the shege involved and Lagos high costs, it is easy for them to put the price at 20k. It will fetch hooge profit that way.
But let me use a more reasonable wholesale frozen food price instead.
A 4kg bird should yield more than 3.5kg carcass.
1kg of frozen chicken is now #5200 in my area, but assume you're selling to the seller at #4,600 per kg.
#4,600 x 3.5kg = #16,100 per bird
#16,100 x 100 = #1,610,000 sales
#1,610,000 - #1,048,500
= #561,500 Profit in two months and the next batch will be free of the fixed costs.
What could possibly go wrong? A lot but na who get the capacity. Pros.
Imagine scaling it
Broiler production needs a lot of money in a short time but it also produces a lot of money in that short time. The disadvantage compared to layers is that the market is not always available compared to eggs.
Some offtakers fit whyne you ehn.
This analysis may not be 100% accurate, please note. I just did my best to project based on experience.
jidestroud: But mehn, I dey scout for eggs like gulder ultimate search. . I tried restricting then to a certain area to make it easy, but chickens will be chickens .
Moreover, my Ugu plants GONE! Waterleaves, GONE!! Bitter leaves, ALL GONE!!!!
Hahaha vegetarian layers. The egg yolk will be so so golden in colour and their faeces odour will be reduced. Watch out for snakes though
Celestialsword: Why would you send money to someone unknown to you whom you have not done any business with, the person that referred you to him might be an accomplice.
Don't blame the victim. Why can't we have trustworthy people too? Is this how we want to keep breeding people with zero morals in this country?
theFarmsChief: As you humbly requested for the cost and benefit analysis of 100 Pullet from day old.The information is as below: Cost of 100 day old pullet presently is ₦1100 *100=₦110,000 Feeding :Wk1 - Wk3 (Super Chick Starter) 0.4kgof feed consumed * 3 = 40kg/25kg = 1.6 bags * ₦18500 ( price per bag) = ₦29,600 Feeding: WK 4 - 6 ( Chicks Mash), 0.7kg per bird * 100 = 70kg/25kg = 2.8 bags * ₦18500 = ₦51,800 Feeding: WK 7 - 9 ( Chicks Mash) 1.1kg of feed per bird * 100 = 110kg /25kg = 4.4 bags * ₦18,500 = ₦81,400 Feeding: WK 10 - 16 ( Grower Mash),3.3kg of feed per bird * 100 = 330kg /25kg = 13.2 bags * ₦18500 = ₦244,200 Feeding: WK 17 - 18 (Prelay), 1.1kg per bird * 100 = 110 kg /25kg = 4.4 bags * ₦18500 = ₦81400 Feeding: WK 18 - 20 (Prelay) 7baga* ₦18500 = ₦129,500 %age Mortality (5%) = 5 Expected remaining number of birds = 95 Expected cost of vaccination and medication:₦50,000 Note: Under good management practices,your Isa Brown should start laying by wèek 18 - 20 at a very low percentage which I am NOT capturing under this analysis. But by wèek 21, the birds should be able to start catering for their feeding and drugs with no hassle and at this stage , you should be expecting them (100 birds in quote) to be consuming on the average of 115gramme /bird = 115g/1000g = 0.115kg /bird * 100 = 11.5kg. Let assume that a bag of layer mash is still ₦18500, therefore divide the value by 25 and then multiply it by 11.5 as thus (₦18500/25) * 11.5 = ₦8510 as the cost of feeding them on daily basis. And for the output which is egg, the egg production curve is between 50 - 80 % which will keep rising till week 65 and then reduce a bit to 80% around week 80 while between week 81 - 90, the average egg laying pattern will fall back to between 50-65 % and this is the ideal time for you to sell them off as spent birds. Coming back to eggs ,let assume that the average laying percentage with good management practices is 83%, therefore, on the average, you are suppose to be making the following income first without any deductions (85/100) * 95 = 80 eggs /30= 2.6 crates * ₦5000 ( farm gate price per crate) on daily basis . Note: This price can be more in your own area and it is NOT CONSTANT . The sales amount to ₦13300 daily minus cost of production ,that is cost of feed ₦8510 = ₦4790 * 30 = ₦143,700 There are still more calculations, but let me stop here as I have proved to you that it worths it. And by the time, you consider your cost of setting up the business aside the building and other fixes assets, you will know that ₦110,000 is GUARANTEED per month. IN ALL HONESTY, THIS INFORMATION I HAVE SHARED WITH YOU US PURELY PRACTICAL AND WITH A KNOWLEDGE GATHERED WITH ADEQUATE RECORD KEEPING.
I understand and thank you. Truly, the feed didn't cost as much as I projected and it can be done on deep litter to cut costs. However, the margin I'm calculating here is not as healthy as the 110k. I will update soon.
kayceecompany: Beautiful analysis but I must tell you that this is just theory. My neighbour here has been into poultry and egg production for years. But, she stopped this year.
Do you know why?? The price of the layers feed has gone up and sadly, the quality has reduced. Her 500 pullets use to lay 14-15 crates of egg per day. But now, after buying layers feed at 25k per bag, she gets 7-10 crates per day. The culprit is the feed quality. Changing feeds helped a little but not much. Those still in the business are just managing by selling one crate at almost 5k.
What a collosal loss? So, she quit and sold off the birds. Wahala dey for Naija now, be very careful with your projections.
Thank you for contributing. Pls what was your neighbour's location and how old were her birds?
I just dug some more and I saw that layers feed is far cheaper than projected. One crate is close to 6k in my area as well.
I will drop an updated version with the new prices
jidestroud: I will be sharing in full details soonest. All is well though. Las Las, dem go know say me sef get better craze. Me wey dey chop sacrifice for calabash for land wey i see? dem never see anything.
Nevertheless, work is moving on smoothly. Every stakeholder in the community as waded into the matter and pleaded with me not to escalate the issue beyond what has happened in these past weeks.
Boss, you sef full ground oo. You no gree for anybody as per our slogan this year. Na only soldiers I don hear say dem dey overpower omo onile.
jidestroud: Kept 30 birds back on the farm. That was the sole purpose in venturing into the project in the first place, not even now when egg consumption isn't for the poor again.
This is a good move for your house. I know say say your neighbours sef go follow chop
A lot of people are suffering from hidden hunger nowadays and major part of it is insufficient intake of animal protein. Two eggs per day will go a long way.
Is this program still ongoing? I can practice but I need a place where the threshold for entry is low enough for me. I got lots of passion but no capital yet.
shilenji: I have workers that do the feeding and upkeep of the birds,but I make sure I'm there twice weekly to check progresses. We normally partition the feeds but somehow it's getting too much and the birds are getting lighter by the day, they 4months plus birds are just a little above 1kg at the moment but not all some still fall below that. In the course of 4 months about 200 birds have eaten approx 12 bags
Did you say that 200 broilers ate just 12 bags in 4 months?
If so, then you got what you put in. The logic with broilers is that they gain approximately 1kg of body weight for every 1.8 to 2kg of feed they consume. Even if you keep them for long.
12 bags x 25kg is 300kg in feed consumed. 300kg should give you a total weight of 150-170kg. This boils down to 170kg ÷ 200 birds = 0.85kg per bird.
@op feed your broilers well. You still have one month to catch up. 200 birds should finish one bag of feed in 2½ days. Broilers eat a lot oo
Goodjeez: This almost smells like a good deal 1M is not bad if the place is not too far from the main town. The land looks like it'll have low pH though, or na my eyes? Buyer go come
epainos: Leave the man alone and allow him to market his property to potential buyers. It is not sustainable for you, but it may be for someone else. In fact, if you bring cassava up to my face, I will kick you out of my sight. That's me. But for you...its OK.
By the way....where is your "here"?
Whatever you sow, you will reap in multiple folds. Someone else will damage you too when you push such offer out.
As long as it is not a scam, let him be. It is a free place and a free market. If his price is too high, he will learn the hard way. If you do not change, you will have to learn the hard way too.