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FEASIBILITY STUDY FOR STANDARD CATFISH FARMING USING CONCRETE PONDS

by Opeyemi Owolabi - 14 Dec 2020 352 Views
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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

 

 

EXPECTED SALES

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

Calculations:

Sales:               8,232,000

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.

 

FOR CLARIFICATIONS OR MORE INFO ON THE ABOVE FEEL FREE TO CALL +2349019959326 or +2348065176065

 

Together we would succeed.

For inquiries and Consultancy fingerlings world farm

+2349019959326 or +2348065176065

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