Unsold Stock: Poultry Farmers Lament Massive Loss - Agriculture (4)

Unsold Stock: Poultry Farmers Lament Massive Loss - Agriculture (4) - Nairaland

Nairaland Forum › Nairaland General › Agriculture › Unsold Stock: Poultry Farmers Lament Massive Loss (41540 Views)

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Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Ishilove: 3:01pm On Jan 05, 2025*

skywalker240:
Rest

Nothing like wicked rule here

The farmers were just greedy and inconsiderate

The feeds and drug's didn't increase in December, but all of a sudden an adult broiler jumped from 14k - 20k and from 20k to 25k and then 30k

Oh hooo, thank you. I was wondering if we had started importing live chickens because the increments defied logic

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Re: Unsold Stock: Poultry Farmers Lament Massive Loss by maasoap(m): 3:02pm On Jan 05, 2025

Looking4Trouble:
Greedy farmers charging excess to extort the masses. Go and eat your chickens nah

Ojuntana:
I guess the farmers became greedy when Tinubulation started

It's as if the farmers are not the same from past years

Not like that o. I'm not a commercial poultry farmer, so I'm not holding brief for them. But I'm always raising few for consumption every time. Four weeks old broiler is between 4k and 4.5k naira. Day old broiler is over 1k. Cheapest bag of feed (topfeed) is now above 25k from 8k. You would spend over 20k to raise a very big broiler because you have to feed them properly. Poultry farming is not profitable and that's why many farmers are closing down and that's why we're now constantly having shortage of eggs

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by yemmit90: 3:02pm On Jan 05, 2025

iwaeda:
Buy small cow early 2000.

There were still small cows of 50k around 2013

Even in 2019, there were still medium size cows around 120k, and the big size ones around 200k.

1 Like

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by mu2sa2: 3:02pm On Jan 05, 2025

Roboto11:
What would they do with overstock?

Help them to pray over the unsold stock.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by JobAndVacancies: 3:03pm On Jan 05, 2025

FreeStuffsNG:
Wrong pricing Basic economics asserts that when prices rice, especially for price elastic goods and services, demands fall ceteris paribus. They will learn to get their price right next time.

Shut the fucck up.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Roboto11: 3:04pm On Jan 05, 2025

mu2sa2:
Help them to pray over the unsold stock.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by obaidan: 3:04pm On Jan 05, 2025

Ishilove:
I said it. Last las na them go chop their chicken themselves. How can chicken be sold for 25k?

How much do you think they should sell? By how many % do you think chicken feed have increased, by how much do you think salaries of people raising the birds should increase, the energy they use, the medication for birds and other costs, can you please show farmers where they can get those at the same price they got it before.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Factcheck0001: 3:04pm On Jan 05, 2025

BoldBrainz:
Some of you are amusing with your ignorant takes.

You expect a poultry farmer to buy a bag of feed for 24K as against the 4K it sold for within the same period in 2023, and still go ahead to sell a chicken for 8K to you?

Una own na to open mouth waa for Internet dey vomit rubbish!

sir which brand of feed price skyrocket from 4k to 24k

Just name d brand

4 Likes 1 Share

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by israelmao(m): 3:05pm On Jan 05, 2025

Brendaniel:
I doubt you've ran a business before...

I'm not only running a business I have a poultry and I know cost of feed.Ill-gotten and greedy gain is killing some poultry farmers and others.

1 Like 1 Share

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by valuedammy(m): 3:05pm On Jan 05, 2025

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.
The opposition party needs to buckle up. This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

If you are into business you won't be saying this.

Do you think the farmers just decided to fix ridiculous price on the chickens.
The high cost of feeds and medication coupled with labour cost is what is used to determine the price.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by GloriousGbola: 3:06pm On Jan 05, 2025

so where are the clearance chickens?

3 Likes

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by neonly: 3:07pm On Jan 05, 2025

ogaontop:
Wahala, Chicken is gradually turning into a luxurious commodity.

Pastor fowl
Dat fowl is 30 thousand
U get it
If u dont
Forget abt it

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by maasoap(m): 3:07pm On Jan 05, 2025

FreeStuffsNG:
Wrong pricing Basic economics asserts that when prices rice, especially for price elastic goods and services, demands fall ceteris paribus. They will learn to get their price right next time.

They can't sell far below the cost of production. Many of them would even prefer to sell at no profit or with a slight loss than to continue spending money to feed them after festive period because that's how you cut your loss quickly. But the problem is that many consumers don't even have money to buy it even if the farmers want to sell at production cost.
Manufacturers are shutting down production because of high cost that leaves no room for profits, farmers are not exempted as governments are not subsidising their operation.

1 Like

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by JAMANZE: 3:07pm On Jan 05, 2025

Opposition party needs to buckle up? Yet if Peter Obi talks you gus here in this forum will insult the hell out of him. The druggie has taken us 20 years backward in all ramifications

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.
The opposition party needs to buckle up. This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by yemre: 3:09pm On Jan 05, 2025

We have this culture of increasing prices arbitrarily in this country in the name of inflation, especially when we think it's a season when there'll be a surge in demand. We forget easily that, no matter the surge in demand, if it's overpriced, it's only a matter of time, the consumers will look for an easy way out by seeking an alternative or doing away with that particular commodity altogether.

We should learn to invest wisely and not just follow the crowd blindly. Personally, I would not buy a chicken for 25/30k, at least, not in 2025!

They should just discount their prices and sell off their stocks to avoid further costs, count their losses and move on. Alternatively, They can eat them with their families, it is allowed. Next time, they will check their estimated cost of production and the potential reasonable selling price before investing in such. They have learned their lessons I believe.

They can only sell at premium price when the supply is higher than demand!

Peace!

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Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Proudlyngwa(m): 3:10pm On Jan 05, 2025

maasoap:
Lol. And you think those farmers preferred not to sell their chickens if they can't sell at higher price but preferred spending additional money to feed them after the festive period?
My point is that they are not intentionally selling at higher price, it is not about the law of demand and supply as their are no even enough demand as it clearly stated in the report.
I don't understand why guys are commenting like you don't even know that prices of everything, cost of doing business has skyrocketed under Tinubu. In fact right now in Nigeria, farmers should quit poultry business

It still goes to the law of demand.

If no one demands it, you will reduce price to avoid running at a total loss,

In economics, outside demand and supply we also have profit and loss.

Like I said Nigeria does not follow basic economics.

Feedbis expensive because it is in high demand.

I trained over 12 birds this Xmas period with only 2 casualties. AFTER STARTER FEED
I fed them corn, bread ordnairy garri, Eba, water leaf, maggot etc etc and my family enjoyed the birds very very well.
I trained broilers, layers and noilers

I still have 3 left.

People should try noiler

When my birds were sick, I gave them garlic, ginger, bitterleaf and aloe Vera.

1 Like 1 Share

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Wallade(m): 3:12pm On Jan 05, 2025

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.
The opposition party needs to buckle up. This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

Na your leaders dey breed the chicken? Na your leaders dey produce feed for poultry animals abi? Na Tinubu cause am.... Na dollar exchange rate cause am?

The government and Nigerian leaders have their own failures and misbehaviors but the price of food stuff is not their fault.

Instead of you to blame the poultry farmers, livestock farmers, crop farmers and feed manufacturers for their greed and super profit mentality.

2 Likes 1 Share

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Dyke15(m): 3:13pm On Jan 05, 2025

JAMANZE:
Opposition party needs to buckle up? Yet if Peter Obi talks you gus here in this forum will insult the hell out of him. The druggie has taken us 20 years backward in all ramifications

I Ve Neva been a pro-Tinubu. Didn't even support him either during the last election.
My point is dat we Ve no serious opposition to challenge dat vegetable in Asorock coz I don't know d reason y till now, PDP is yet to chase Wike out of their party.

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by harjay1986: 3:14pm On Jan 05, 2025

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.
The opposition party needs to buckle up. This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

Bro look like you never raise any chicken before, from last year December I dey raise my own local turkey in cage, after 3 month I have to spend 30k on feed for them because there is no grass around for them to feed on, they are just 6 turkey till this last December now multiply 30k times 9 thats around 270k, now divide it by 6 . That means I spend like 50+ to raise one turkey, now do you expect a farmer to spend such amount on a turkey for 12 month and only put 10k as gain ?

2 Likes

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Skyehigher1: 3:14pm On Jan 05, 2025

Inflation will come down very soon we are too greedy for this country how can you sell a chicken for 25 to 30k you go eat it for yourself the he goat i bought for my son name ceremony 2 years ago at rate of 18k is now 85k what kind of greediness be that , me self gan i go plan my self to have fish farming and pepper farm too if you like sell one single peper for 1k na your problem be that once i have money to garri and yam flour , i can just pick my fish one by one to prepare my food for my families

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Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Proudlyngwa(m): 3:15pm On Jan 05, 2025

maasoap:
Not like that o. I'm not a commercial poultry farmer, so I'm not holding brief for them. But I'm always raising few for consumption every time. Four weeks old broiler is between 4k and 4.5k naira. Day old broiler is over 1k. Cheapest bag of feed (topfeed) is now above 25k from 8k. You would spend over 20k to raise a very big broiler because you have to feed them properly. Poultry farming is not profitable and that's why many farmers are closing down and that's why we're now constantly having shortage of eggs

Outside starter
You don't need feed.
Formulate your own feed

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by ufotunang: 3:17pm On Jan 05, 2025

See what Tinubu renewed shege hard economy has caused... destroying and killing people bussinesses...it's a oitt

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Brendaniel: 3:21pm On Jan 05, 2025

israelmao:
I'm not only running a business I have a poultry and I know cost of feed.Ill-gotten and greedy gain is killing some poultry farmers and others.

So how much do you sell your full grown chicken?

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Brendaniel: 3:25pm On Jan 05, 2025

skywalker240:
Yes

Before APC came in though

But in December, did you heard of price increase of feeds and drug's?

Late November, chicken was sold for 14k

Early to mid week December, chicken was sold for 15k and then all of a sudden approaching the Yuletide weeks the price skyrocketed from 15 to 25 and from 25 to 35k?

Bro let's be honest here, sometimes we are our own enemies.

These same kind of people are the exact same kind of politicians we complain about.

Or how will it be, if these same farmers were elected to represent us as politicians?

A poultry feed is 24k to feed a chick that cost 1600 to maturity and this excludes time, health and resources put in place, how much do you think the seller should sell this his full grown chicken?

1 Like

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by BoldBrainz(m): 3:26pm On Jan 05, 2025

Factcheck0001:
sir which brand of feed price skyrocket from 4k to 24k

Just name d brand

Chikun broiler starter mash currently sells for 25,500 naira in Cross River. How much does it sell for, in your area?

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by MIKOLOWISKA: 3:27pm On Jan 05, 2025

Elusive001:
"Families are striving to see how they can get any kind of food for their families, and therefore, the luxury of poultry meat as protein was not a consideration during Christmas and New Year. Poultry farmers who thought of making little profit at Christmas and New Year, are, at the moment, lamenting the losses they incurred."

Ordinary chicken and in fact food generally, have become a luxury in Nigeria. Chai!!!

it's not ordinary
You took it for granted
Now chickens coming home to roost

GOD have mercy ooooooo.

When the wicked rules, the people suffer.

ppl deserve their rulers

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Yomit71(m): 3:28pm On Jan 05, 2025

RhinoChest:
If you have unsold stock, reduce your prices. You can’t blame unsold stock on anyone. Unsold stock is a worldwide phenomenon.

Reduce price kpatakpata and u will at least get something.

Reduce feeding cost too, think deeply and talk with sense embarassed

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by ElGood: 3:28pm On Jan 05, 2025

There is also an impact of most homes rearing the chicken for the festive season which result to high available which impacted on the demand. Also the high cost of production drive most people to produces rather than to buy, it rather cost effective to rear than to buy.

2 Likes

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by MIKOLOWISKA: 3:31pm On Jan 05, 2025

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.

did they stop you from farming for 64 yrs?

The opposition party needs to buckle up.

clearly you've not learnt anything. Was opposition not there for past 50 yrs altogether? And you're still banking on them? You deserve what you're getting in that case

This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

lazy ppl can't Save anything

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by IamAsiri: 3:31pm On Jan 05, 2025

skywalker240:
Rest

Nothing like wicked rule here

The farmers were just greedy and inconsiderate

The feeds and drug's didn't increase in December, but all of a sudden an adult broiler jumped from 14k - 20k and from 20k to 25k and then 30k

Are you in the Dreamland?

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by Savi78(m): 3:31pm On Jan 05, 2025

Them never lose well…e remain pro max losing. Even when government dey bad, we still wan kill ourself by putting high price on everything….d chicken na import dem dey import am?? Yeye dey smell oo

Re: Unsold Stock: Poultry Farmers Lament Massive Loss by FireUpNow(m): 3:33pm On Jan 05, 2025

obaidan:
Let's face it, whatever situation happening in d land will go round. Inflation happened, subsidy removal happened, salary earners asked for 100% increase rightly so, cost of other goods rose by more than 100%, u do not think the cost of baby chick, chicken feeds, salary, energy, medications, other operational costs incurred by poultry farmers also increased at a very significant rate? It's a business for them too.

I know that there is a high inflation in the land and things are so expensive but let's tell ourselves the truth. People don't have the purchasing power anymore.

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