Poultry Farming Business Plan in Nigeria / Feasibility Study Doc.
Do you need a poultry farming business plan in Nigeria to start your poultry farming business? This is a step by step guide and business plan to start a poultry business in Nigeria.
Okay let’s go there.
What is Poultry Farming?
Poultry farming is the raising of domesticated birds such as chickens, turkeys, ducks, and geese, for the purpose of farming meat or eggs for personal consumption or for commercial purposes. In this post, we are going to be talking about Chicken farming as it is one of the most popular poultry birds.
How Profitable is Poultry Farming in Nigeria?
This business has proven to be one of the most profitable businesses in the Nigerian agriculture sector today. For these reasons:
- The demand for poultry is rising every day due to Nigeria’s emerging economy, and the measured increase in the standard of living.
- The ban on imported frozen poultry in Nigeria has created scarcity and an enormous demand that Nigerian farmers hardly meet. According to the Poultry Association of Nigeria (PAN) 1.2 million metric tons (MT) of frozen chicken valued at N660 billion was imported into Nigeria in 2014. The consumer market is massive such that we can have 10,000 more farmers and still not be able to meet local demand.
- Healthier Meat. An increasing number of people are moving away from the consumption of red meat to white meat (the category chicken meat falls into) due to health worries.
- Raising chickens for meat are a quick turnaround: in 10-12 weeks you can raise day-old chicks to edible size. This means a quick return on your investment. This means that you can do more than one batch of birds in a year.
- Chicken egg is in higher demand than the meat.
What factors do I need to consider before starting a poultry farm?
The Category of Poultry/Chicken Farming
There are three basic types of chickens. They are broilers, layers and cockerels. Broilers are birds that are raised for their meat. With proper management, broilers grow so fast that within 10-12 weeks you can sell them out to consumers. Cockerels, on the other hand, take about 25-26 weeks before they are ready for the market. Cockerels are rugged, stronger and more resilient than broilers. Layers chickens are breed for the sole purpose of egg production. Though you will eventually sell them after they are weak and can no longer lay eggs as expected. This is stipulated to be after 68-70 weeks. As you are new in the business, I would recommend that you pick and work on one breed to start your farm. When you have gained enough knowledge and experience on how to maintain the farm and your birds, you might consider introducing other breeds to your business.
How much do I need to start a poultry farm?
This question does not have a direct answer to it. Your capital solely depends on your intended scale of production, your location and the capital you have to invest in the feeding and vaccination of your birds until they reach marketable size. For instance what a farmer can use to acquire land, fence it and build housing units for his birds maybe what another farmer will use to start and run a profitable poultry business from start to finish. You can decide to raise 100 birds in cages at the backyard of your house, whereas another person would want to start with 10,000 birds in a larger environment. What you have to do is to do your own findings. All the factors you will have to consider include:
- Land /space
- Housing units
- Source of water supply
- Bird Feed (feeding your chickens will be where most of your capital will go into)
- Lighting and heating
- Storage space for your bird’s feed, medication and eggs
- Feeding trays and drinkers
Poultry Housing Systems
When it comes to housing your birds, let me share with you a few housing systems you should consider.
Free Range System. This is where chicks are allowed to roam about with little or no restriction. Usually the birds fend for themselves. This system is obviously not an option if you are planning to go into commercial poultry farming as there are too many disadvantages.
Deep Litter System. In this housing system, your birds are confided in a room where the floor is filled with wood shavings/saw dust. These wood shavings must be changed as often as possible to avoid a terrible odor and a moist environment which can result in the spread of disease in your farm. This housing system is far better than the free range system and is most commonly used by poultry farmers.
Battery Cage System. In this system, your birds are housed inside cages. These cages come in different sizes and structures so as to cater for both the chicks (little chickens) and their older ones respectively. This housing structure provides space for feeding, droppings and eggs (in the case for layers). This housing system is the most preferred, but it is more expensive than the Deep litter system.
If you start your poultry with the deep litter housing system then you should construct a well ventilated house for your chickens; your coop should able to keep off snakes, rodents, cats and other predators. Ensure there is enough space for the birds to move around. The space helps to curtail an outbreak of an epidemic. Make sure that your coop is easily accessible, as you will need to make regular visits to feed, refill water and clean the coop. Include a roosting area in your coop (if you have layers). Employ a means for handling or disposing chicken manure/ waste. You should visit any reputable poultry farm to see how the house is constructed.
Your birds will need a properly prepared chicken feed that is the right type for their breed, age, for growth and sustenance. To make sure that your birds grow fast and stay healthy, buy quality chicken feed products. As there are different types of chicken feed in the market, make sure you are buying the right kind of feed that suits your birds at every point in time (for example chick starter, Broiler starter, Layer feeds etc.) There are locally made feed. I would advise that if you will have to use these locally formulated feed, be sure of what you are doing.
When it comes to feeding your chickens, here are a few basic tips;
- Birds eat small amounts of food frequently, so fill the chicken’s feeders so that food will be available always. Or you can feed them at certain times of the day (morning and evening).
- Chickens do not eat in the dark so you must have the lights on for the birds to eat in the night.
- Make sure feed is stored in a dry cool environment
- Do not feed your birds’ moldy food. It will harm them.
- Make sure there is always clean drinking water.
- Check on the feeders and water troughs often; so you can remove chicken droppings from them.
To guarantee constant production of chicken and eggs, your birds must be regularly checked by a veterinary doctor to ensure their good health. Your chickens should be vaccinated to prevent all bird related diseases like Newcastle disease, bird flu, fowl cholera, fowl pox etc. I advise you have a personal vet doctor for your chickens.
Clean out your poultry farm regularly and disinfect your coop on a regular basis to avoid disease.
If you are a starter in poultry farming in Nigeria, I recommend you start small and then grow over time.
A heat lamp must be available at all times in your poultry farm to keep the chickens warm, especially during the raining season.
Poultry business requires time and attention.
Note that as breeds of chickens are different, so are their feeds and medication.
Remove all chicks showing any obvious signs of sickness or weakness and call the attention of a veterinarian.
Poultry farming in Nigeria is and will always be a money making venture for anyone that takes the advantage.
Poultry Farming Business Plan in Nigeria / Feasibility Study in Ms Word Doc.
At businessplan.com.ng, we have written a sample poultry farming business plan and feasibility study.
This poultry farm business plan covers the following:
1) Table of Contents Poultry Farming Business Plan in Nigeria
2) Executive Summary: The summary includes introduction, products and services description, marketing and sales among others
3) Company Overview: This section includes the mission statement, history and current status, markets and products, objectives, keys to success of the poultry business
4) Product or Service description: Here we have described the different poultry products (birds, eggs and waste)
5) Industry and Market Analysis: Introduction, industry analysis, market analysis, customer analysis, competitor analysis, SWOT Analysis
6) Marketing Strategy: Target market strategy, product/service strategy, pricing strategy, distribution strategy, advertising and promotion strategy, sales strategy, marketing and sales forecasts
7) Operations: Operations strategy, scope of operations, operating expenses
8) Development: Development strategy, development timeline, development expenses
9) Management: Company organization, management team, administrative expenses
10) Summary of Financials: Financial assumptions, financial forecasts, projected cash flow, income statement, balance sheet, profit and loss, profit margin, chart etc, financial risks
11) Appendices: Support for Product/Service Description (e.g., diagrams, pictures, etc.)
Financial Statements: Income Statement, balance sheets , cash flow statements , ratio analysis [3 years]
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