How To Make Money Fish Farming 1

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The key takeaways are that home fish farming can provide a backup source of income and potentially become a full business. The author provides steps for selecting a product, determining viability, knowing the market, creating a plan of action, setting up and managing the farm efficiently, and selling the produce.

The author aims to address the challenges of unemployment by promoting entrepreneurship in home fish farming. This would give individuals a backup source of income and possibly make them employers in the future.

The author proposes that efficient management is key to success. Following the guidelines in the book and on the Farmers Creed blog, a farm can be set up easily and managed through daily procedures and tasks to be profitable. Management involves tasks like feeding, water changes, and sorting.

1

Contents

Introduction 4
Selecting your Agricultural Product 7
Determining the viability of your 8
home

Know your Market 10


Create a Plan of Action 11
Set up and efficiently Manage the
Farm
12
Sell your Produce 13
Conclusion 14

2 How to make money Fish Farming


Introduction
There   has   been   a   global   shi.   over   the   past   18   months   which   has  
triggered   a   sharp   drop   in   the   price   of   Crude   and   renewed   fears   of  
another   Global   recession   thus   leading   to   a   rise   in   the   rate   of  
unemployment.    
There are 2 ways in which the burden of unemployment in any economy can be solved, this is
through the Creation of Employment and Entrepreneurship. Our goal is to make it possible for every
home / individual to be entrepreneurial whilst looking for employment or still in the employ of others. This
gives the individual a backup against any eventualities in the work place, and possibly make him an
employer of labor in the future.

Here are a few statistics to put


perspective to the statement above.

A Morgan Stanley executive has predicted that a continued slowdown in China would drag the world
economy into recession. Ruchir Sharma, head of emerging markets at Morgan Stanley Investment
Management, said in an interview with Bloomberg that if China continues to post lower growth rates in
the coming years, growth in the world economy would be below 2% -- a threshold equivalent to
recession.

If it happens, it would be the first global slump over the past 50 years without a contraction in the US,
the world's largest economy.

"The next global recession will be made by China," Sharma said.

(http://www.ibtimes.co.uk/morgan-stanley-china-slowdown-raises-fears-global-recession-1510883)

How to make money Fish Farming 3


According to Goldman Sachs,
the global oversupply of oil
could drive prices down to as
low as $20 a barrel. With the
production of Shale oil in
America, the over production of
oil from OPEC producing
countries and the new kid on
the block Iran.

Also, the World Bank has an unsettling message for young Iranian Oil Minister Bijan
people around the globe: Whether you're male or female, live in Namdar Zanganeh has vowed
Tunisia or the U.S., you will struggle to find a job. to increase output by 1 million
barrels a day once sanctions
Across regions and continents, people 15 to 29 years old are are removed as the nation
at least twice as likely as adults to be unemployed. The world will seeks to regain market share.
have to create 600 million jobs over the next 10 years, or 5 million
a month, just to prevent the situation from getting worse, the
(
Washington-based lender said in a report it released Tuesday with http://www.bloomberg.com/news/
coalition partners such as the International Labor Organization. articles/2015-09-11/-20-oil-possible-for-
goldman-as-forecasts-cut-on-growing-
(
glut)
http://www.bloomberg.com/news/articles/2015-10-13/if-you-re-
young-the-job-outlook-is-grim-no-matter-where-you-live)
.

How to make money Fish Farming 4


The economies of many African countries are growing faster than anywhere else in the world – and
agriculture, which accounts for a third of Africa’s GDP, is poised to be the next instalment of the “Africa
rising” narrative. African leaders sent a signal last week that agriculture in the ascendant sector when,
for the first time ever, they selected an agriculture minister, Nigeria’s Akinwumi Adesina, to head
the African Development Bank.

Adesina has become an evangelist for


turning Africa’s smallholder farmers –
most of our food production occurs on
farms that are less than a hectare in
size – into businesses that generate
growth at all income levels. And that’s
why agriculture is such an important
development opportunity. Growth in
the agriculture sector is 11 times more
effective at reducing poverty than
growth in any other sector.

Members of the African Union are increasingly committed to agriculture-led growth. Only last year,
they renewed their vows to invest 10% of national budgets in agriculture with very clear targets to
which they want to be held accountable for.

In places like Ghana, Burkina Faso, Ethiopia and Rwanda, these investments already have been tied
to dramatic reductions in poverty. The World Bank finds that poverty is down by 33% in Ethiopia since
2000, and agricultural growth is the main driver. In similar work in Rwanda, the Bank attributed 45% of
Rwanda’s rapid poverty reduction in a relatively short period of time to growth of the agriculture sector
and associated industries and services.

http://www.theguardian.com/global-development-professionals-network/2015/jun/03/agriculture-africa-
rise-to-economic-power

It is evident that as the world is telling stories of impending doom, there has been a drive in the
Agricultural sector across Africa which has led to the reduction in poverty, even if crude prices go as
low as $20, hit a high of $200 or even if the economy of the entire world collapses, the truth still
remains "Man must Wack (Eat)".

How to make money Fish Farming 5


Chapter One

Selecting your Product


The  goal  of  this  book  is  the  crea?on  of  a  2nd  income  through  the  set  up  
of  a  home  farm.  In  selec?ng  the  right  area  of  farming  (Livestock  farming,  
Cropping  or  Aquaculture)  certain  criteria  needs  to  be  met,  some  of  
which  are  highlighted  below.  

• Maximal use of available space;

• Production not just for home


consumption but for sale;

• Not smelly due to proximity to home.

Bearing in mind the criteria above, we have selected some agricultural businesses that could be
performed effectively in the home:

• Herbal, Medicinal and Aromatic Plants (HMAP)


• Fish Farming
• Snail Farming
• Rabbit Farming

Our focus in this book would be the rearing of Fish in the home as a 2nd income, not just any fish, but
the rearing of Catfish. Our reasons for choosing fish farming are as follows:

• High stocking density per unit area;


• Lack of a pungent smell making it feasible to rear in residential areas with flowing gutters;
• High demand for finished products;
• Relatively short gestation period as our goal is to rear for a selected market (dry fish market).

How to make money Fish Farming 6


Chapter Two

Determining the viability of your


Home
To   situate   a   farm   in   your   home   and   have   it   set   up   as   a   profitable  
business,  certain  things  need  to  be  in  place  to  ensure  its  succeeds.    

Things that need to be in place are as follows:


• Access to Water
• Space
• Flowing Drainage
• Security

Access to water

For the success of any fish farming business there need to be Space
access to water, not just any kind of water, but cheap, good
quality water. The reason I made mention of the word cheap is There needs to be space for the

because there is the need for the constant change of water in the placement of tanks or any other rearing

fish tanks, and if the water is gotten expensively, then the cost of ponds that you wish to use. There is the

every water change increases your production costs making the need to have available space for as

business unprofitable. The water must also be of good quality, many as you would like to stock.

because water is essential for the growth and survival of the fish.

How to make money Fish Farming 7


Drainage

A location without proper flowing drainage is an altercation waiting to happen. Without flowing drainage to
evacuate the waste water from the ponds, rearing of fish becomes difficult. There is the constant need to change
water from the ponds, and if its not properly disposed off, there is the tendency that it would begin to smell and
lead to the breeding to mosquitoes. This in itself is not hygienic and would definitely lead to complaints and
quarrels from neighbors.

Security

This factor is key. Security from pilfering of both humans and birds. There is no need having a business that would
feed all your neighbors except you decide to start a charity organization right from your backyard. The challenge
of pilfering from birds is easily taken care of by covering the ponds with a net, but the challenge from humans is a
problem that you have to creatively think about how to solve as every location has their different challenges.

How to make money Fish Farming 8


Chapter Three

Know your Market


Being  able  to  know  your  market  is  generally  performing  a  market  survey  
before  you  begin  to  know  exactly  who  you  would  be  selling  to…  
.  I had written an article showcasing the challenges faced and what I learnt from my experience
starting my own farm. Some of the reason you should know your market are as follows:

•  Frequency and Quantity purchased;

•  Type of Product

Frequency and Quantity purchased


It helps you determine the quantity that could be produced and how frequently you should stock. By
determining the quantity that could be purchased, its easier for the farmer to create a plan and build
the ponds to meet that demand. For example, a farmer that finds out that there is a demand for 500
fish monthly from the restaurants in his neighborhood could decide to have 4 tanks and batch stock
each with 500 fish monthly as against stocking the entire 2,000 fish once.

Type of product (Dried, live)

The type of product the market desires also determine the stocking density (how much fish would be
in the pond) and the gestation period (how long it would stay before harvest). For example a person
desiring to sell to the dried fish market(400g and below) would know he only has to keep his fish in the
pond for about 2-3 months and sell off, whilst someone selling the big sizes(1kg and above) would
have to keep them for about 5-6 months.

How to make money Fish Farming 9


Chapter Four

Create a Plan
Crea?ng  a  plan  is  essen?al  for  any  farmer  willing  to  go  into  farming  as  
anyone  who  fails  to  plan  has  already  planned  to  fail.  

A plan could be created based on:

• How much do you have to invest in starting the farm;


• How much do you desire to earn from the farming business;
• How much space do you have or intend to use in setting up the
farm.

I wrote a book that extensively gives information on planning and


set up of a catfish farm.

How to make money Fish Farming 10


Chapter Five
Set up and manage the farm
efficiently
The   key   to   the   success   of   any   business   enterprise   is   efficient  
management.  If  the  guidelines  are  followed  in  this  book  and  addi?onal  
materials  on  the  Farmers  Creed  blog,  a  farm  could  be  set  up  with  ease  
and   in   an   efficient   manner   that   reduces   challenges   that   go   with   the  
management.    
For any home
farm, management could be reduced
to a set of daily procedures and tasks
that if done correctly would give a
profitable result.

Management of any home farm could be as easy as feeding the fish a certain quantity of feed before
and after work, and during some weekend, certain additional tasks like sorting and water change could
be performed.

How to make money Fish Farming 11


Chapter Six
Sell your Produce

I  guess  this  is  a  no  brainer.  If  all  the  other  steps  were  followed  carefully  
there  would  already  be  an  exis?ng  market  for  the  product  as  soon  as  it's  
ready.    

How to make money Fish Farming 12


Chapter Seven

Conclusion
To   situate   a   farm   in   your   home   and   have   it   set   up   as   a   profitable  
business,  certain  things  need  to  be  in  place  to  ensure  it  succeeds.    
Basically, imagine a scenario where Mr. John a banker with a
new generation bank decide to actually take action on his desire
to create a 2nd income by starting a small home Fish farm. After
going through the criteria highlighted in this book he finds out his
house is suitable to start the business.

He decides to go the easy route by joining the creed farmers


program where he simply puts into an app how much he desires
to earn and is sent a mail with a complete breakdown of the
requirements (space required, number of tanks, fingerling to be App functionality
bought etc.) in achieving that goal. After going through the
requirements he sees that they are feasible and what he can •  Daily tasks on what to do;
handle, he then goes ahead to set-up the farm. •  The quantity of feed to give the fish;

•  Days to change the water,


Basically, he is taken through a complete assisted management •  When to sort;
process up till the point of harvest. At the point of harvest, being •  Information on when feed is running
part of the Creed Farmers Program his entire stock is purchased low and what sizes to buy;
from him while he restocks and begins another cycle.
•  Performance Monitoring and alerts
when growth rates are abnormal;
Imagine this marriage between Technology and Agriculture.
•  etc...

We are presently in the data gathering and testing phase, in


the implementation of the App mentioned above.

Be prepared, cos we are launching soon!!!

Our goal is to make farming easy.

How to make money Fish Farming 13

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