Tag Archives: Financial aspects of poultry farming

What is the production cost per egg in 2021?

So you have decided to start a poultry farm purposely for the production of eggs. Wow, congratulations! You are entering a multibillion-dollar industry which is still growing but do you know the production cost per egg? I know what you are thinking, “Who cares? I have more than enough money to start a poultry farm” but knowledge of unit production cost could well be the difference between success and failure.

Does a Poultry Farmer Need to be Good at Math?

As previously mentioned in our previous articles, poultry farming is a full-blown business similar to the businessperson who imports from abroad and sells at Makola or the individual who produces sachet water for the market. Basic knowledge in arithmetic is very vital for every business in the world. Similarly, poultry farming involves a lot of math.

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.

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.

Which is More Profitable, Starting a Poultry Farm or Selling Farm Products?

The poultry industry is massive and still growing so wherever you find yourself in the poultry value chain, be rest assured that when you do things right, you are going to make massive profits. With that said, as a prospective entrepreneur or investor, I am sure you may be wondering which aspect of the value chain provides the best returns; whether to start a farm or to sell products.