Poultry farming is no longer a profitable business. I am going to sell off all my birds – a farmer lamented. This and many more complaints have been brought about by the recent hike in feed prices. Around November 2020, you could get a 50kg Layer mash for GH₵ 93. Fast forward to July 2021, the price is now around GH₵ 137 (a 47% increase in feed prices in just seven months). As gloomy as this sounds, all hopes of succeeding in poultry farming is not lost yet, and I will explain why.
Category Archives: Poultry farming
How Do You Know Your Poultry Farm Is Making Progress?
Recently, a poultry farmer complained to me about how his poultry farm was draining him financially. Believe it or not, his farm was making progress. I know by now you are wondering how a farm can be making absolutely nothing for its owner, but I’m here claiming that the farm is still making progress. Well, you’ll soon find out why.
HOW TO FIND INVESTORS TO FUND YOUR POULTRY PROJECT
I published an article on how you could start a poultry farm with very little or sometimes no money. However, you are not running your farm as a hobby – you intend to make thousands, if not millions of Ghana cedis annually. To establish a poultry farm that can provide you with an exceptional standard of living, you need to invest a substantial amount of money. Unfortunately, the amount of money usually required to start such a poultry farm is unattainable by most people. Hence it would make a lot of sense to find investors.
How to Start a Poultry Farm Without Spending a Dime
Even though many people believe that poultry farming is capital intensive, you could actually start with very little or no money.
Why Ghanaian Farmers Need to Take a Closer Look at Broiler Production
If you closely examine the Ghanaian poultry landscape, you will realize that most farmers are rearing chickens to produce eggs. Sure, layer farming can be very lucrative, but the returns you could get from investing in broiler farming could be staggering. Imagine if you produce and sell 400 broilers every two months. That would potentially fetch you GH¢ 96,000 in revenue (out of which GH¢ 9,600 is profit) in just a year.
Why Farmers Are Still Disrespected in Ghana
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.
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.
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