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Nairaland Forum / Nairaland / General / Agriculture / Hidden Truths About Catfish Business!!! (1529192 Views)
Hidden Truths About Catfish Hatchery Business !!! / Hidden Truths About Plantain Farming Business / Catfish Farmers Lets Talk About Catfish Smoking (2) (3) (4)
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Re: Hidden Truths About Catfish Business!!! by Ttalk: 1:57pm On May 23, 2020 |
LikeAking: Point the insult in my argument or remain silent. You wanted to school someone without even knowing the basics of the business you want to discuss. I have told you you can get your water at no cost using solar system. Am not saying that because i read about it but am telling you because that's what am using. It becomes my prerogative to decide whether i should venture into fish farming or pure water business based on the result of my feasibility study and SWOT analysis. You dont follow bandwagon in business, many factors play a role in what you should do, your argument on pure water business over fish farming is kindergarten. Am patiently waiting to be schooled by a 20 year pro in fish farming turned advocate of pure water business 1 Like |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 2:19pm On May 23, 2020 |
LikeAking: Am laughing out loud now and am sure a lot of people have seen through what you spent 20 years to aqcuire. You called hatchery 'mere'? You said a modern hatchery dont need 24hours in RAS model? Seriously am beginning to doubt your 20years experience in fish farming. Because we have taken a back sit on a platform that inspires million of unemployed Nigerians and have helped lift thousands of people out of employment should not give you boldness to run it down. Condernning fish farming business on fish farming platform is not only ridiculous but unacceptable. If you have failed in the business doesn't make the business bad for others. Some have failed but have overcome their failure, they are now counting their money. 1 Like 1 Share |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 4:19pm On May 23, 2020 |
Ttalk: I will advice you to be humble and learn. Be a learning machine. YOU DON'T NEED 24/7 ELECTRICITY TO RUN A HACHYERY.kindly ask others Second you can't pump water with solar energy without any cost. Let me ask you a question. Didn't you buy the solar panel? What about depreciation. (The more use ur solar,tech the more the value depreciates and one day it Will get spoilt/old,so you must replace it) The the value o your solar energy tech is depreciating by 1.5% percent of its value every month,you must make a minimum percent of 3% profit on that machine monthly. In Nigeria its advisable to make at least 5% on that machine due to the constant inflation in the country. What do you want me to school you about about fish farming. Hatching? Feed formulation tricks? Medication? Etc. Remember this the amount of money you spend pumping water for those fishes alone,will make you more money than the fish biz it self.Even pure water manufacturers don't pump water the way fish farmers pump water,yet they make more money daily. Are not suspecting a flaw in this business. Economics will give you the answer. 20 years in the fish game listen to the voice of experience. I am an astute farmer, I don't make noise,I give fact. I sleek the truth,cos I want Naijatoprogress |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 4:42pm On May 23, 2020 |
LikeAking: Stating that one doesnt need 24/7 electricity to run RAS system is the biggest joke of the century. Are you for real or you just wanted to be funny. Seriously, your peak in fish farming is some people's starting point. Your other assertion that suggests one change water every 3days is another indication of your deficiency in fish farming. Fish farming has gone beyond cutlass and hoe model. We do it now with modern and latest technology, the earlier you adopt this the better for you. You dont raise 100k juvenile using flow through system. Why am i even telling you all these, you should be the one skooling me 1 Like |
Re: Hidden Truths About Catfish Business!!! by excelsiorfarm(m): 4:43pm On May 23, 2020 |
Op are you watching the young ones arguments? If you failed and you said fish farming is terrible and no one to do it, whosoever wants to follow that advice should follow. If you are making it or you are just coming up and believe there is prospect for you in fish farming, get more insight if you need to. get mentor if need be or go for training if you need improvement. I don't know why or the reason for any hullabaloo Stay bless 1 Like 1 Share |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 4:55pm On May 23, 2020 |
LikeAking: Is there any tool you use that doesn't depreciate in value? Those running pure water business dont record deoreciation of their pumping tools or what exactly is your point? Check my previous post i never allude i didnt incur installation cost, what i said is i pump water with zero running cost. You dont run away from business because you have to incur some costs, you approach it by reducing your expenses most especially the running cost, idea of farming with no expenses belong to the past, today farming requires you use technology to drive your business, thats where we should be looking at. There are people taking advantage of this already, learn from them and it will change your perspective from saying fish farming is not profitable 1 Like |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 5:11pm On May 23, 2020 |
excelsiorfarm: I thing it is a great disservice for a person to conderm an aspect of farming that employs millions of Nigerian youth because he fail in the business. He should go to Kado Market in Abuja and see millions of naira thats been earn daily from fish farming. What exactly are they doing here when the business is not profitable. Is there a reward somewhere when people go online and start shouting fish farming is a scam? When did fish business became MMM? 1 Like |
Re: Hidden Truths About Catfish Business!!! by deolu9(m): 6:29pm On May 23, 2020 |
I run a pure water factory and i can tell u its so easy as people think. Nafdac problems alone is enough they took inspection fee from 15k to 54k. Then to put everything in place for dem to even allow pay d 54k u would have spent well over 100k. If u see people making it in fish farm u wont say anything bad abt it. 1 Like |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 6:43pm On May 23, 2020 |
deolu9: Please help me drum it enough for him to understand every problem has its own challenges. Your pure water business can be closed for a year on account of a single impurity. Can you rule out cases like that? Every business has its own challenge, how you manage it determine how successful the business becomes 1 Like |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 7:00pm On May 23, 2020 |
Ttalk: You said you pump water with zero runing cost,so I was trying to draw your attention to cost involved. Those involved in pure water sell the water,not to pump and flush it way like fish farmers. They also take not of depreciation, but fish farmers don't. Majority of fish farmers don't consider the cost/worth of the water they pump, else they will rethink. Sir,learn about Economics, Accountancy and business, then you will discover the truth. One can't be pumping and flushing away thousands/millions of liters of water worth thousands of naira,in the name of cat fish. The above is just one demerit. |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 8:11pm On May 23, 2020 |
LikeAking: Sir go and read about aquaponic, you don't have to waste your disposed water. Am done with you on this. Regards 1 Like |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 10:14pm On May 23, 2020 |
Ttalk: Aquaponic?. You are still talking about more expenses na. More and more wahala. Don't tell me you are using all those gazillion liters of water from your farm on aquaponics?. I know that cat fish farming consume more water than plants(x1000 times) I know that the water wasted by fish farmers in Nigeria can irrigate all the farms in the country. You see we don't have much problems in Nigeria. Our problem is simple, we are not great thinkers and innovators. Fish farmers can irrigate all the farms in the country through their gazilion waste water. Fish farmers can also provide all the water needs for their communities/neighbors. Did you see a solution to our water problems?. We are just trying to make naija a great place. Let's cross pollinate ideas. |
Re: Hidden Truths About Catfish Business!!! by Ttalk: 10:37pm On May 23, 2020 |
LikeAking: Now you see, what people see as waste or wasteful can actually be converted and turn around to form other component of production. I am always driven by idea, and i have invented local techs to drive my business. My exposure with aggressive innovative mentors has really helped me and having worked in a Committee on Local Content for some years gave me insight into how we can manipulate resources around us to achieve result. Thanks for being patient with me, am not driven by profit but by passion. Fish business is what i do and not fish farming. There are so many local inputs we can create to bring expenses down and increase profit, that should be our focus, money follows ideas and not business. Let create new ideas to drive whatever farming business we are into, thats what will bring profit. Have a wonderful night 1 Like |
Re: Hidden Truths About Catfish Business!!! by durodee(m): 7:19am On May 24, 2020 |
I have watched the raging debate on why fish farming should be encouraged or discouraged and I want to state some points in an unbiased manner. 1) Profit margin in businesses differ. Even there might be differences within a specific business. Yet many market factors demand that each aspect of that business must exist for there to be a flow. E.g hospitals make more money from conducting surgeries than clinic care BUT you have to run the " Unprofitable" clinic to see patients to do the surgery on. 2) All business survive on reducing the cost of production while the keeping the value of goods produced. The profit margin in fish farming is delicate and you just have to KNOW what to fine tune without incurring losses 3) No business survive on passion only. You must make profits. However, some people are contented with thousands while others are not satisfied even with millions. 4) No business is immune to risks. Businesses fold up daily whether Pure Water business or a fish farm or a Petrol Station. Yet new ones come up and thrive where some may have failed. 5) No business is static; you must keep innovating and learning. Study-apply-learn. That cycle must continue. 6) YOU CANNOT DO ALL BUSINESS! KNOW WHAT WORKS FOR YOU AND STICK TO IT!!!!! Selah! Resume: Works in top management of a business that employs more than 700 staff and an annual budget of more than a billion naira. I have understudied many businesses in Nigeria and abroad and have reared poultry, cattle, fish, snails, rabbits and pigs for commercial purposes. 2 Likes |
Re: Hidden Truths About Catfish Business!!! by FINA4804(f): 3:54pm On May 24, 2020 |
Good evening everyone, pls I need nylon for packaging dried catfish, does anyone here know where I can get in Abuja? |
Re: Hidden Truths About Catfish Business!!! by eluquenson(m): 6:37pm On May 24, 2020 |
Hello farmers in the house. I need a catfish smoking kiln for 100kg capacity. Pls send a DM if you sell/have for sale. Location is Lagos |
Re: Hidden Truths About Catfish Business!!! by joeking2222: 7:15pm On May 24, 2020 |
LikeAking:Hello sir, can you please help me with your fish formulation tricks? |
Re: Hidden Truths About Catfish Business!!! by joeking2222: 7:23pm On May 24, 2020 |
Please my people, am seriously in need of help here. Am graduate of delta state university with a first class degree in fisheries and aquaculture. All i ask for is if anyone can offer me employment in his or her farm, am seriously in need of job and to gain more experience as well to compliment the certificate am holding. Please anyone to help me, coz am seriously in need. Thanks all |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 9:34pm On May 24, 2020 |
joeking2222: Feed formulation tricks/concept. Note:one of the untold reasons why cat fishes don't grow to their full potential is because the factory feeds a are very dry.(The factory feeds are almost empty). Some thing is missing in the factory feed and that's water and most of their claims about the factory feeds are false. The best food for cat fishes are wet food.(100% truth) Now let me give you a simple formultion that's around you. Warning: Feed farmers will criticize this formula, but don't mind them.Judge my feed formula after you have harvested your fishes. I will continue in the next reply,this one is too long already. |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 9:57pm On May 24, 2020 |
Simple Feed formulation Fingerlings stage:Instead of investing on factory feeds like copens,etc at this stage.Feed them with grounded cray fish/fish/meat particles/boiled eggs.You will surly get a better yield at a lower cost Juvenile and.above:At this stage the need lots of protein and calcium. The best source of protein for fishes at this stage is animal protein, not plant.(You can augment with plant protein) Ingredients. Fresh cat fish(Go to farms and buy the smallest size fishes the have to offer(#250/300/400, per kilo,depending on your location) Garri:This one is very easy to get(Although its very expensive now) Before now 100 kg was 8k in my area if you buy directly from the shop. Bone meal ![]() Blood. You can also add a food supplement that will boast growth. Any other thing you can come up with. Eg.Boiled eggs. Dice the fishes and mix with every other ingredients the way to prepare garri for drinking.(Mix at 60-65%/35-40 garri,50%/50%,40%/60%).Depending on your pocket.(More garri less others or vice versa) After an hour the feed will be solid. Then start feeding the fishes with this formulae you will get a better/better/better yield. You are feeding you fishes with real ingredients, the feed in question will also be very heavy.(You will see the difference). Note:Fish feeds are dried for preservation. Moisture is very important in every food.It's where the core ingredients reside.Once you dry them out you know the rest na. This feed is well formulated with the right ingredients and it's fresh. |
Re: Hidden Truths About Catfish Business!!! by excelsiorfarm(m): 3:40am On May 25, 2020 |
joeking2222: Thank God for first class. It is experience and skill you need, especially in fisheries and aquaculture. Or good for master program in your field or related field. It is not job you need, build yourself, except you are aged, I will say reason out what I said and see what is best for your future. At the same time, I know there are many people on nairaland that have the muscle and ability to help build life, whatever you could do to assist, please do. The Lord will best you in Jesus Name, Amen. 4 Likes |
Re: Hidden Truths About Catfish Business!!! by utepu: 2:16pm On May 30, 2020 |
Hmmm. Really? |
Re: Hidden Truths About Catfish Business!!! by Detok2001: 11:35pm On Jun 01, 2020 |
Wet or dry food which one is best for catfish |
Re: Hidden Truths About Catfish Business!!! by Fish4wealth: 6:38am On Jun 02, 2020 |
@Ttalk, Excesiorfarm and other professsional colleaque. I salute your position. Honestly, I'm yet to understand the mission of this guys. I decided not to engage when i saw it was the same @weedsmoker that exported same ill feelings on this thread having reacted to his post on other thread on the same issue. So disappointing to now see a disciple claiming to have spent fruitless 20years yet coming up with wet feed formulation(poison) in an artificial ponds......garri, crayfish, etc....indeed, your practice is questionable. Relating farming(fish farming inclusive) to facebook microsoft shows so much ignorance here. Laughable enough is the scenario of pure water....against fish pond waste water....lol... If government provides the needed assistance that will help farmer to recycle their waster water using modern technologies, you would realise the potential of fish waste water in irrigation, bio-elements, etc. However, i will not blame the duo if they see catfish not profitable cos the farmers have sold their wealth/sweat to the middle men and market women. Until the catfish farmers come together to profer an wholistic solutions to factors affecting the industry, the race will continue to be for the stronghearted. 2 Likes |
Re: Hidden Truths About Catfish Business!!! by FMCASH(m): 5:20pm On Jun 02, 2020 |
LikeAking:you simply add value by using the water for irrigation 1 Like |
Re: Hidden Truths About Catfish Business!!! by FMCASH(m): 5:26pm On Jun 02, 2020 |
Detok2001:why wet food? |
Re: Hidden Truths About Catfish Business!!! by FMCASH(m): 5:29pm On Jun 02, 2020 |
LikeAking:are you a nutritionist? |
Re: Hidden Truths About Catfish Business!!! by excelsiorfarm(m): 7:18pm On Jun 02, 2020 |
STAND OUT IN YOUR FISH FARMING BUSINESS:- That everyone is selling fingerlings between the price of 12-20 naira and juveniles for 25-30 naira per one is not enough for you to follow suit. Break the norm and stand out. Who told you that you cannot sell fingerlings for 25 naira? Who told you that you cannot sell juveniles for 35 naira or jumbo for 45? The reality is many are just following because that is the precedence and even many don't know how to put down their cost in black and White. You put down record from transportation to the time that you are selling. Then you add what it is to be made for your labor and give to prospective customers as a price. For example, let's assume you produced 4,000 fingerlings or jumbo, and you intend to pay yourself 15 naira per one or 20, then you add the production cost and pass it to your client. Who we buy? Understand that you are not in business for everyone. Royce's rolls, Lamborghini and Bugatti are not in business for everyone. They give premium quality and service a few. I joke that in this business I am not buka, but Mr Biggs. Interesting that you could be better if only you choose to give quality, premium services. Give good fish size and quality, don't sell runts and they will come back. Even fight you if you stop production. But remember not to sell on credit. That ruined my poultry years ago and unfortunate that I was in it with someone close, a big sister. In addition, for me I collect 100% for whatever I do and with God I keep my promise. 100%? Yes, 100%. Experience have thought me not to believe men. I have done consultancy, pond construction to stocking and at the end the young men paid for only my fishes and services not paid. The excuse was they had expended all their funds. I walked away, but wrote it on nairaland years ago. Also don't be carried with status, some big people had also cheated me, but I have met a lot that are wonderful. For the foolish youths online that just must talk without sense, from online I have met people that can pay some people's generation and you wonder what if I have chosen to be stupid in my approach to them. I will not say where experience had taken me to, but I thank God for his mercies. When you have it and honest, offer will come, you will meet people, but remember exploitation is not the focus, but relationship. Someone offered me a flat, large expense of land in Onitsha and 10million over 4 years ago but I rejected it because my spirit does not agree with it. I was given the opportunity to make all the decision and we are just signing partnership. My brother will say those days we are together that 'you are just suffering us, don't you know is only angels that don't spend money'?. I know that too well now, however I will not compromise by God's Grace. I do tell clients before I started my PG schooling that tell me what you have, some will say 2m, 1m, 10m, yet I will not see that as an opportunity to exploit. Some even promised to pay and never paid. Even a partnership with a friend that millions was lost, but he only had 250k in it, he always killed me with hypertension. And he never honored the agreement in case of losses (sharing formula). I paid. I will rather give interest than partner because I could want to help people( I gave support fishes for some to start), however because it is free, were not handled well. As mentioned earlier, stand out. You can sell your fish seeds for 50 naira, I had sold 55 naira before and the clients still prayed and came back. Give quality and more away from the majority. I don't know how to market, but the number one fish farmer in Nigeria was buying from me (dynamo farm) over a decade ago. The young ones cannot know them. This is a farm that advertised one full page and at times two on guardian weekly. Integrity killed them. To know more I was going from farm to farm to see what I can add to my knowledge from my master (he lectures in yearly RCCG entrepreneur program whether in camp whether for convention or Congress) I got to reach Dr fish in iyana ipaja area (many should know him). I looked at all their facilities and began to seek how to stand out. Over 13-15 years ago an uncle got me aerator and fish heaters from China, Mr Aboderin. And through it all, I decided instead to sell nonsense, I would feed the not performing fishes to brood stock. YOU CAN BE BETTER, YOU CAN STAND OUT, BUT BE PATIENT AND WORK. GOD BLESS AND STAY BLESS. |
Re: Hidden Truths About Catfish Business!!! by excelsiorfarm(m): 7:19pm On Jun 02, 2020 |
REASON WHY MANY FISH FARM FAILED AND ARE FAILING:- Let me be Frank with you, fish farming is not for everyone. You can argue or talk, but the wise will reason out and ask questions. Firstly, if you have funds is not an assurance of anything without the know how. That is why there are many abandoned fish farms littering the nation. Some lost a few hundreds of thousands, some millions, I mean good millions. I have also paid my dues in that aspect and by God's grace grown to be an authority that have traveled and seen a lot. To avoid joining the numbers, acknowledge the following:- 1. In fish farming, having money is a plus, but not a guaranteed success 2. What you give is what you get. You don't have the know how? You will suffer for it 3. Do not be greedy. Many understand this part well and are history 4. Get training, a mentor or authority to guide you. If you need to pay pay, but avoid to be exploited. I will not elaborate on this. 5. Get enough capital. Get business plan. It helps you to know the road map of what you are doing. 6. Understand the seasons, timing in the fish farming cycles 7.let me delimit to this, because there is more to write. If you have no water or good quality water, stay clear. If impatient? Go do betja or all this magic greed investments littering social media and almost every corner. 2 Likes |
Re: Hidden Truths About Catfish Business!!! by excelsiorfarm(m): 7:22pm On Jun 02, 2020 |
There are always an exit point in fish farming; first fingerlings, juveniles, jumbo, mélange,smoked fishes, table size fishes, smoked fishes, medium size brood stock, large brood stock, giant size brood stock. Those are the numerous exit point in fish farming. Know where to target and know the price it would cost you to get there. 3 Likes |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 8:15pm On Jun 02, 2020 |
FMCASH: How many fish farmers are using their water for irrigation. Besides the water flushed out by most farm's is way too much,it can serve hectares of farmlands and the fish farmers don't have that kind of investment for now. Plants need lesser water than fishes. So at the end of the day the water worth thousands of naira most be wasted. Setting up a farm for crops is another big expenditure an t whole irrigation thing will create more hole in the farmers pocket. It's all about keeping the cost of doing business down and making profit. |
Re: Hidden Truths About Catfish Business!!! by LikeAking: 8:22pm On Jun 02, 2020 |
FMCASH: Guy man see the truth is very simple that's the reason most people ignore it. I have been in this biz for year's, I have helped a few smart guys earn from fish farm despite all the short comings of the biz. I am not a nutritionist. In this business you most think like a farmer not a corporate man. No ajebo things. My knowledge of economics,finance and business drew my attention to certain demerits of fish farming. If you love it go for it. 1 Like |
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