This feasibility study prepared for a catfish farm capacity of 10,000 and fingerlings of high breed catfish where to be stocked. The expenses from pond construction to marketing are considered. The farm is to have 10 concrete ponds of the flow-through system and each pond is to contain 1,000 stocked catfish.
The cost of Constructing Each Pond is as Follows
Each pond is 3m x 2.5m by 1.4m, each pond consumes 210 blocks and each bag of cement for 30 blocks. Hence 210 x 10 = 2,100 blocks. 2,100/30 = 70 bags of cement needed. 2800 x 70 = 196,000 naira.
Cost of blocks 2100 x 170 = 357,000
4trips of sand used = 14,000×4 = 56.000
2trips of gravel = 32,000x 2 = N64, 000
Cost of labour = N250, 000
Cost of plumbing (inlet and outlet facility) = N200, 000.
The cost of borehole = N300, 000.
Cost of treatment = N50, 000.
Cost of bowls and nets for sorting = 40,000
Total: = 1,514,000
(All the above fall under the capital investments)
The cost of high breed fingerlings 30×10,000 = N300, 000.
Cost of labour / farm attendant = 30, 000 (two persons) x 6months = 180,000
Cost of electricity/ fuel = 100,000
Cost of feeding on day one to maturity stage to maturity for 6 months with a feed with FCR of a minimum of 1:1 is out at 400 naira per fish. = N4, 000,000
The total cost of running: 4,610,000
After the average weight of the fish was 1.2kg. And it was sold at the lowest rate of 700 Naira each. The output was 700×9800 x 1.2 kg of fishes, due to 200 mortality. 700 x 9800x 1.2 = N8, 232,000
TOTAL INPUT IS 6,124,000 minus cost of land
Running cost: 4,610,000
20% profit for capital investment payback
20% profit for savings for future expansion
40% x 3,622,000 = 1,448,800.
With a 3 years plan of 2 cycles, an investor should be able to cover all capital investments.
With a take-home profit of N2, 173,200 per 6 months.
Please note; the above is not exactly suitable for your location or desire. The proper current market survey should be considered.
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