Four Reasons Why Poultry Farming Is So Lucrative

You’ve probably heard many times by now that poultry farming is a very profitable business. But the question many people fail to ask is why poultry farming can provide a profit margin in the range of 20 to 30 per cent every month. Failure to understand the reasons why poultry farming provides farmers with such impressive financial gains will cause you to blindly jump into the business and cause yourself a financial catastrophe. Below are the four reasons why poultry farming is so lucrative.

1. There is a super demand for poultry products: As the economy of Ghana and many other developing continues to expand, more people can now afford protein in their diets and poultry products such as meat and eggs serves as a cheap and reliable source. In a previous post, https://tinyurl.com/y89qqxut we explained that consumption of poultry products over the past decade has surpassed 5% in developing countries so this obviously explains the recent spike in demand and hence increasing sales volume for farmers.
2. It is capital intensive: I know you are thinking, “How can a business be lucrative if it is very capital intensive? Aren’t costs supposed to go down so that profits can move up?” You see, because of the high input of capital needed to purchase land, structures, feed, etc, only a few can enter the industry and hence the market is not overly saturated so this means a massive payday for those who manage to stick around while doing the right things.
3. It requires some serious managerial skills: Even though you don’t need to have a PhD in animal science to succeed in poultry farming, you need to know how to manage employees, take biosafety measures seriously and also have some knowledge about financial management. Fortunately, not many people have these abilities so the very few who are lucky enough to master these skills get to succeed and make a lot of money.
4.  It requires insane hard work: This point is somehow related to point three but listen up, there are some notable differences. When starting as a poultry farmer you usually don’t have millions of Ghana cedis so you may not be able to afford to hire more employees or upgrade to the latest automatic systems; you may have to do things manually like feeding the birds, collecting eggs, etc until your farm is financially stable enough. This creates a natural barrier of entry since the majority of people don’t have this kind of discipline and work ethic.

Conclusion

There are reasons why poultry farming is a very lucrative business so you need to sit down, make self-analysis and see if you really have what it takes to start and succeed at poultry farming.