Sheep Farming Business Plan in Nigeria – The saying silent waters run deep is very true for the sheep rearing business in the Nigerian nation. Sheep rearing is not a common form of business in the Nigerian agricultural circle. It, however, is one of the most lucrative types of business ventures in the Nigerian agricultural circle.
Get your Sheep Farming Business Plan in Nigeria and feasibility study. pay N10,000 to:
Bank Name: Guaranty Trust Bank (GTB)
Account Name: Chibuzor Tochi Onyemenam
Account Number: 0044056891
After payment, send your name, email address and “sheep rearing business plan in Nigeria” to 07033378184
Sheep rearing is relatively easy to manage when compared to the effort and money required to operate other forms of farming ventures in Nigeria. Asides all these, sheep feeding and upkeep is not as expensive as that of other animals.
Setting up a sheep farm in Nigeria is just a simple mix of some factors that out the sheep farm ion the edge for a better chance of success. In the following lines, we will discuss some of the factors that should be put into consideration in setting up a sheep farm in Nigeria. We will touch some of the things to expect, the profitability of the venture as well as some of the likely challenges one may encounter trying to get the sheep farm in shape. One must, however, note that knowledge has no boundaries, and so the content of this material may not be all you need to know about setting up a sheep farm, especially in Nigeria. However, we can assure you that the content of this article will give you a whole lot more than you would have had to cycle round to pick in fragments.
The Relevance of Sheep in the Nigerian Economy
A sheep is a ruminating animal. Sheep are generally known for their gentleness and vulnerability, and a group of sheep is called a herd. A herd is led by someone called a shepherd. The shepherd is the one who leads the sheep out to feed them in pastures and keep them safe from danger in the process of their feeding.
There are several breeds of sheep in Nigeria, and each of these breeds has unique features with which they apply to human lives. Some sheep breeds are raised for the wool on their skins. The wool on the skin of wool-based sheep makes them of very great importance to the lives of both the sheep farmers and the general economy of the nation. The wool on sheep is used to make a lot of economically relevant materials. The wool on sheep is applicable in the fashion industry as some clothes are made with wool. It is also relevant in the furniture industry, as it is used as an additive for the making of chairs and some sofas.
Some sheep breeds are also raised for their meat. In the Nigerian economy, the most common type of meat is the female cattle (cow) meat, which is generally termed as red meat. Some medical practitioner advises against the consumption of red meat, and this has spurred a lot of people to settle for sheep meat as it is better than beef meat medically. The market for sheep meat is quite voluminous in the Nigerian nation, and the entirety of the Nigerian meat production industry has still not leveled up with its demand in the Nigerian market. This is, therefore, excellent leverage upon which sheep farmers in the Nigerian economy can thrive and level up the sales of their animals.
Commercial sheep farming in Nigeria is a very profitable venture, and the prospects embedded within this form of farming are endless. Another very fantastic factor that makes sheep rearing very interesting is the fact that sheep get into heat every sixteen (16) to eighteen (18) days. This means that sheep can get pregnant in that interval of time, unlike some animals that take a very long time to enter heat. Sheep have a gestation period of a hundred and forty-eight (148) days. The productivity of this kind of farming is not in question at all, as it can give a lot within its lifetime (which can last as long as seven years).
Starting a Sheep Farm in Nigeria
The challenge of any business lies in the word at the forefront of this sub-topic: “starting.” Stating any venture always seems so ambiguous until the business is Kickstarted. We will highlight some of the things you need not only to start your sheep farming ventured in Nigeria, but we will also state some of the things you will need for continuous sustenance of the venture over a lengthy time. Most times, most people believe all you need to start a business venture is money, and while this is true, it is not the entirety of the truth, as money is only one of the factors which make up for the start of a good business, and not the only one. Some even believe spending too much money at the beginning of a business can lead to the failure of the business as the business owner spends based on contemplation and not fact. The list below contains some of the most critical factors that make up for a good sheep farming venture in Nigeria:
- A Sheep Farming Business Plan
Developing a business plan is one of the most important for the start of any business venture. Whether you desire to engage your sheep farm for commercial activities or just for the sustenance for your family, it is important to have a business plan that encircles all of the areas of the venture. The business plan is a plan that iterates a list of the objectives that the business should achieve and how it is to go about it in a specified timeframe. The business plan will be the key performance indicator for the sheep farming business. It would state stages of the growth of the business such that anyone can review the business plan and the actual business at any time and know whether the business has met up with the expectations in its plans. The business plan for a sheep farming venture must have some of the following items:
- Objectives
The objectives of setting up the sheep farm must be stated in your business plan. The goals will guide you as the business owner on all fronts as to the actions that are best for the sheep rearing business. This part of the business plan must be done with extreme care because if carefully done, this can determine in a straight line if or if not, the business will succeed. The objectives of your sheep farming venture should be simple and clear enough to understand. If there is more than one objective for setting up the sheep farm, be sure to put all the objectives in the business plans. When the goals of the sheep rearing venture are carefully and diligently set out, it becomes easy to choose a breed of sheep that fits into those objectives. It becomes easy to determine the kind of housing that will hold the sheep. In short, all other factors become easy when the objectives of the sheep rearing venture are rightly set. - Financial Plan
A business plan is not complete without a financial plan because a business has to do with the inflow and outflow of money. Setting out the financial plan for your sheep rearing venture involves determining the kinds of sheep breed that fit into your objectives and stating out the price per unit of the sheep, as well as determining the amount that will cover the total number of sheep with which you intend starting. It is also essential to state in your financial plan, the cost of running the farm for at least two to three months because the farm is not likely to produce anything to sustain itself in that length of time. The price of the housing and all other financial implications that come with sheep farming must be stated in the financial plan. - Sheep Breed
Depending on the objectives that are set out in your sheep farming business plan, you should state the breeds of sheep that fit into those objectives. For example, if the primary objective of your sheep farm is to make an income with sheep wool, then it would be best to choose a sheep breed that fits that purpose. The common sheep breeds in Nigeria are Bororo, Ara-ara, Balami, Uda, et cetera. After selecting the kind of sheep that you want on your farm, another thing that needs to be stated in your business plan is the age range of the sheep you want to use to start your herd. - These are not the only ingredients that make up a good plan for a sheep farm. You can do further research on the subject.
- Feeding
Feeding sheep is not expensive, especially in Nigeria. All you need to feed your sheep is fresh grass and forage, and sometimes hay. - Housing
To house sheep, you will need a piece of bare land, and in it, there will be pens where the sheep can hibernate from the perils of harsh weather conditions. - Treatment
You will need to employ the services of a veterinary doctor. The doctor will be the one to monitor and carefully manage the health of the sheep. Sheep is especially sensitive to disease caused by microbes; it is, therefore, imperative to have a vet doctor to monitor their health accurately.
Get your Sheep Farming Business Plan in Nigeria and feasibility study. pay N10,000 to:
Bank Name: Guaranty Trust Bank (GTB)
Account Name: Chibuzor Tochi Onyemenam
Account Number: 0044056891
After payment, send your name, email address and “business plan for sheep rearing in Nigeria” to 07033378184
Sheep Farming Business Plan in Nigeria © www.businessplan.com.ng
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