Is Poultry Farming a Risky Venture?

In the past, farmers went into poultry farming mostly on a subsistence basis – basically, to feed their household and sell what’s leftover in the market. Same cannot be said these days. Poultry farming has become fully commercialized. The fact that it is a business means you are either going to gain or lose depending on factors in and out of your control.

Whom Should Your Team Consist of as a Poultry Farmer?

If you thought poultry farming was all about raising birds and then selling them in the end to make a profit, then you may be mistaken. Poultry farming is truly a team sport and you’ll soon find out why. Below is a list of individual or entities you should form good relations with if you are serious of succeeding as a poultry farmer.

What Comprises the Poultry Value Chain?

What do you think of when you see the National Theatre? Did people wake up and decide to just put up such a magnificent structure? No! Different experts from land surveyors, town planners, architects, civil engineers to labourers were involved from the conception of the idea to the final construction of the building. The poultry industry is the same – you don’t just have that egg or chicken on your plate by accident – there are many processes which have to be carried out.

Your Farm Might Collapse if You Save Money

Paper money in itself has no inherent value but it is the lifestyle that money can bring which motivates people to work for it (money) so the tendency to save money at all cost defeats the purpose of having it in the first place and even in some cases may lead to the collapse of your farm.

Is it Smart to Leave Your Farm in the Hands of a Family Member?

Poultry farming is a very delicate business. It requires a lot of dedication and hard work to pull off successfully and what better way to run your business by handing it to a loved run to run for you, right? Well, maybe, maybe not.

Draw a Monthly Salary if You Want Your Farm to Stay Profitable

I know you might be saying this in your head, “I want to save money and grow my farm but PKOM is telling me to draw a salary from it – WTF!” But please, hear me out first. What you must understand is salaries are part of business expenses. I believe you understand that poultry farming can be pretty labour-intensive so whenever you are preparing your budget, you must make sure to include salaries even if you are the sole worker.

Is it Smart to take out a Loan to Start a Poultry Farm?

The moment you take out a loan is the moment you’ve admitted your first defeat – that you are incapable of running your business with your own resources, therefore, you need external intervention to keep your business afloat. With that said, a loan in itself is not inherently good or bad – like fire, it depends on when and how you utilize it.

Broiler Production in Ghana: How to succeed as a broiler farmer

Poultry products are the most widely consumed products in Ghana. And for that reason, the poultry industry has the potential to be the biggest in the country, unfortunately, several factors have hampered the industry because the full potential of the industry is yet to be exploited.