The current wages of a farm labour for poultry farming in Nigeria is between N20, 000 to N30, 000 a month. There’s a very good market for poultry products. Eggs have many health benefits and are always in demand from both individuals and companies. Companies such as bakeries, restaurants, hotels etc.
Is poultry farming profitable in Nigeria?
Poultry Farming in Nigeria is one of the most profitable agribusinesses in the Nigerian agriculture sector. It is a lucrative money making venture in Nigeria. … As a result, there is an increased demand for local poultry products like chicken, turkey, eggs.
How much money can you make with a poultry farm?
The U.S. Bureau of Labor Statistics latest numbers indicates that a chicken farmer’s salary averages about $70,000 per year. This is based on their statistics that say chicken farmers earn a median hourly wage ranging from $16.27 to $57.47, with an average hourly wage of $33.71.
How much does it cost to start a poultry business in Nigeria?
The cost of starting a poultry farm in Nigeria largely depends on the size of your birds. If you are farming over a hundred to one thousand birds, then you would need capital in the range of ₦100,000 to ₦400,000. And within three months, you can accrue profit ranging from ₦200,000 to over ₦3 million.
How profitable is broiler farming in Nigeria?
The gross revenue per bird was ₦2169.99. The Net profit of ₦660.11 per bird was estimated and this gives a net margin-to-cost ratio of 0.44 which implies that a ₦1 investment in broiler production, all things being equal, would yield 44kobo in return. This indicates that the broiler in poultry estate were profitable.
Who is the richest poultry farmer?
With a net worth of $1.5 billion, Fu Guangming made his fortune through the poultry business. His company is the chicken supplier for KFC restaurants in China.
Which poultry is most profitable?
… chicken trade as a business should be profitable, for benefits to be realized. According to the study 66% of traders considered local chickens as most profitable of the other types of chickens (Table 6). This was followed by broilers (16%) while spent layers and aged broiler breeders earned the least profits. …
How many chickens do I need to make a profit?
How many chickens do you need to make a profit? It really depends on the demand in your area but I would say you need at least 16 chickens to make your enterprise worthwhile. Two hybrid chickens would give you a dozen eggs a week and 16 birds would give around 8 dozen eggs a week.
Which bank gives loan for poultry farming?
Axis Bank provides Loan under Poultry Power for fulfilling the financial requirements of the farmers who are in the business of Poultry farming.
How many bags of feed can 100 broilers consume?
How many bags of feed for 100 broilers? A broiler would consume an average of 4.25 kg from day old to end of the 8th week. So, 100 broilers would consume (4.25 X 100) = 425 kg or 17 bags of feed for 8 weeks.
How much is day old chick in Nigeria?
Price of Broiler Chicks Today
Is poultry farming a profitable business?
Is poultry farming a profitable business? Yes, but more than broiler poultry farming, poultry farming business in a safe way is more profitable. A healthy animal/bird can give you more income as there is high demand for eggs and chicken especially.
How long does it take broilers to mature in Nigeria?
Broilers chickens are specially bred for fast growth and slaughtered when they weigh approximately four pounds, usually between seven and nine weeks of age. Birds between 12 and 20 weeks of age, typically weighing between five and ten pounds, are called roasters.
Is poultry a good business?
Owning a poultry farm can be a lot of hard work, but it can also be very satisfying. Poultry farming has proven already that it can be very lucrative. If you have the appropriate space and the knowledge, starting a small poultry farm could be a great source of income for your family.
How much does it cost to start poultry farm?
Poultry farming is a capital intensive business, and depending upon the scale and the size of the business you want to start with, the fund requirement can be in the range of Rs. 1.5 lakh to Rs. 10 lakh.