You see, a Ghanaian is refusing to rent out his house to his fellow countryman not because the individual can’t afford the rent but rather, because of the person’s profession. Sounds absurd, right? Even though, I don’t have all the answers as to why people disrespect farmers in Ghana, I can make a few informed assumptions that I believe may be the cause.
Author Archives: Papa K. Owusu-Mensah
Why Ghanaian Farmers Need to be More Ambitious
Even though you may feel that your small operation generates a decent income, they may be a good reason for you to consider expanding your farm.
Why Ignoring Record-Keeping Could Spell Disaster for Your Farm
Sure, it can be pretty tiresome or sometimes outright boring to keep track of every single cedi entering and leaving your farm but failure to do so could lead to certain consequences.
Why Ghanaian Farmers Need To Put More Effort into Marketing
On the 3rd of May, 2021, someone posted on a Facebook group about the need for poultry farmers to form a unified front when it comes to setting egg prices. As good as his intentions may sound, Ghana operates a free market system, and therefore, entrepreneurs can set prices for their goods for as low or as high as they deem fit.
Should Money be Your Primary Motivation for Starting a Poultry Farm?
Some prominent figures in Ghana who are into poultry farming include Kwabena Darko, Ibrahim Mahama and Mr Beautiful. Now, it is safe to say that these individuals are making tons of cash from poultry farming. Given this, you may ask, “If Mr Beautiful and co can make money from poultry farming, why can’t I do the same? Sure, you can. But here lies the problem – even though you could actually make a lot of money, you are more likely to fail if your sole motivation is to make money. Sounds crazy right? Keep reading to find out why.
Should You Reject a Job Offer of GH₵ 3,000 per Month to Start a Poultry Farm?
Just a week ago, one gentleman contacted me asking for advice on whether to abandon a job offer of GH₵ 3,000 per month in favour of rearing 1000 layers and I thought it would be helpful to share the advice I gave him with you. The maximum revenue (from 1000 layers) you would probably make from egg sales in a month as of the time of writing this article is GH₵ 15,000 with a 20% profit margin, hence you basically make the same as someone who is receiving a GH₵ 3,000 per month salary. Now that it has been established that both options could generate the same income, you might be tempted to believe that this is just a matter of choosing any one of them but you’ll be intrigued to find out that this choice is not that simple to make. Keep reading this article to find out why.
Is this the Easiest Way to Reach 15,000 Layers in Only Five Years?
The first step is to look for two other partners and register the farm as a limited liability company. Once you have found the partners, the three of you can contribute and raise money to start a farm of 1000 layers – this may seem far off from the 15,000-layer target but hey, every successful company had humble beginnings. With 1000 layers you’d probably have to split a startup capital of around GH₵ 140,000 equally among three people meaning each partner would have to contribute approximately GH₵ 47,000.
Is Poultry Farming a Waste of Time?
Poultry farming is a massive industry in Ghana responsible for the employment of thousands of people and also serves as a reliable source of additional or full-time income for farmers. With that said, one would wonder why someone would think poultry farming is a waste of time. Please continue reading the article to find out why.
Pay Your Farmhands an Above-Average Salary if You Want to Succeed as a Farmer
I recently visited a pig farmer at Benso with our Chief Technical Officer and we had a very lengthy conversation with him (the pig farmer). Upon our conversation, the farmer complained bitterly about how difficult it was for him to find farmhands to work on his farm and worst of all, the ones (farmhands) he could get wouldn’t stick around for even a year.
How to Raise Money to Start a Pig Farm
Let’s face it, starting a pig farm requires a lot of capital but if we want to do business, we probably do it because we want to make a lot of money. So why then do we have to spend as much as GH¢ 100,000 over a year to raise around 45 pigs if we intended to make money in the first place. Don’t you think that would be counterintuitive? Sure, not necessarily everyone is starting a pig farm because they want to make a lot of money – some people are already pretty rich but they are only considering pig farming as a way to diversify their investment portfolio.
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