Fish farming involves rearing fish for commercial purposes in tanks or compartments like ponds, usually for consumption. Fish farming, large scale or small scale, is a very lucrative business to embark upon. If having water bodies is better. Contrarily, you can also rear fish at home and in streams as water farming. Aquaculture is one of the fastest-growing food production areas in the world.
Largely, this is a wealth intensive enterprise. Also, it requires certain skills, proficiency, experience, and daily monitoring. Nonetheless, according to the enterprise capacity and region of the water body, preparing a business plan is important.
Here are 5 basic small scale fish farming business ideas highlighted by reviewsbird.co.uk.
1. Catfish Farming
One of the easiest fish farming business ideas in warmer temperatures is catfish farming. Catfish can be reared both in the ponds and tanks. Catfish remain populous as a result of its health advantages and market demand. At 18 months, catfish can be harvested and ready for consumption, and this guarantees a rapid return in business. Catfish farming is lucrative and profit yielding because of its high market demand.
2. Fish Hatchery
Starting a small-scale is another fish farming business idea that requires adequate skill and knowledge in the farm hatchery business. The farm hatchery is a manufactured fish herding center. And fish hatcheries produce young fishes to the retail fish farms. The enterprise is highly beneficial. However, it requires small fund investment and good planning.
3. Prawn Farming
Freshwater prawns can be raised … Read the rest >>>