A lot of farmers would love to raise both chickens and pigs on a commercial scale simultaneously, however, the capital required to start both business ventures is more than what most farmers can afford. Farmers are therefore forced to choose between poultry or pig farming. Before the choice is made, the farmer would definitely want to know the venture that offers the biggest return on investment within the shortest possible time. In this article, we are going to compare the two livestock ventures based on certain parameters so that you can decide as to which one is more profitable for you.
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Why Financial Literacy Is the Key to Success in Livestock Production
Succeeding in livestock farming goes beyond just knowing how to rear animals. Several other factors come into play such as knowing how to make a budget, compensating your employees appropriately and knowing how to expand your farm sustainably.
Why People Need to Take Livestock Farming More Seriously
Gradually, more people in Ghana, especially the youth, are starting to find agriculture more attractive. However, I find it interesting that many of those I’ve met would have owned some chickens, goats, sheep and occasionally, some pigs, yet most of them (farmers) have made little to no effort to advance the business side of things.
Why Pig Farmers Should Consider Partnership
I recently published an article about how pig farming could literally change your life. People will read articles like this and think pig farming is highly lucrative, and rightly so. However, the mistake most people make is that they tend to want to enjoy the profits alone. They forget that with most things in life, there are always positives and negatives. Obviously, getting huge profits off a pig farm is very positive, but do you know what isn’t so positive? Having to potentially invest hundreds of thousands of Ghana cedis. Where are you even going to get this money?
Why Pig Farming Can Change Your Life
Assuming you start with only 5 pigs ( 4 sows and 1 boar), you may be able to sell only 40 pigs in the first year. This is because you may have brought in the parent stock when they were 4 months old, therefore you may have to wait another two months for the pigs to reach sexual maturity. Once the sows have been mated, it may take another 4 months for them to deliver 40 piglets. Seven days after weaning, the sows can be crossed again. They may produce another 40 piglets at the end of the year. Since it takes 6 months for pigs to reach slaughter weight, you can only sell the first batch of 40 pigs.
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.
Putting Up a Structure for a Pig Farm: What You Need to Know.
Over the last couple of years, the popularity of pig farming has increased greatly in Ghana and Africa at large. This is because pig products like bacon, pork and sausages have been in high demand. I spoke about some things you need to know before you start a pig farm in a previous article but on this occasion, I’m going to focus on the things you need to consider when building a housing unit for the pigs.
Starting a Pig Farm: What You Need to Know
If you’re looking for one of the most lucrative businesses under livestock production to invest in Ghana, then you should look no further than investing in commercial pig farming. This is because the demand for pork has skyrocketed in the past few years. Pig products such as sausages and bacon which are quite expensive are also in very high demand in the urban areas in Ghana. It is, therefore, safe to say that commercial pig farming is a gold mine in the country at this moment hence you’re likely to gain huge profit if venture into this business.
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