How To Make Money Fish Farming 1
How To Make Money Fish Farming 1
How To Make Money Fish Farming 1
Contents
Introduction 4
Selecting your Agricultural Product 7
Determining the viability of your 8
home
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.
(http://www.ibtimes.co.uk/morgan-stanley-china-slowdown-raises-fears-global-recession-1510883)
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)
.
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)".
Bearing in mind the criteria above, we have selected some agricultural businesses that could be
performed effectively in the home:
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:
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.
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.
• Type of Product
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.
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.
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.
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.
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.
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