Farmed fish production has doubled in the last 20 years. Many critics believe that this widespread growth of fish farming business has helped small farmers to survive in addition to bringing massive profits to large farming businesses. It has also reduced the burden on ocean fish resources, thus protecting them from extinction.
Interesting Fish Farming Facts
Fish farms are efficiently meeting consumer requirements. In fact, fish farms are producing a quarter of the total global fish consumption by humans. Over 220 species of fish are farmed around the world turning out to be over 30 million metric tonnes of fish food for humans.
More Fish Farming Facts
It is a fact that fish farming has helped farmers in Africa and Asia. The market is growing in these continents—good news for the fish farmers. At the same time, large-scale fish farming has helped to reduce the food drought that is so common in Africa and Asia.
If you are planning to start your fish farming business considering these fish farming facts, you have to make sure that you do it the right way. You will have to start with a proper business plan instead of relying on fish farming facts alone. It will include details about your business, your future goals, and finances. Once you have a plan, you will easily turn an ordinary fish farming business into a massive profit generating business.
To start your own fish farming business, keep the following fish farming facts in mind:
- Fish are environment-sensitive. This means you can’t just put them anywhere you like. You have to research about species that will grow well in your climate or environment. Similarly, you will have to ensure that you are giving them a perfect environment by providing ample pond space.
- Fish farming can go wrong if you have chosen the wrong harvest season. Some fish only breed during a certain type of weather while others won’t survive tough weather conditions. Therefore, you have to make sure that you have the right specie in the pond according to the season and climate of your pond location.
- Some fish species need salty water while others require fresh water to grow. If you make a mistake and have wrong fish in the wrong water, you are going to lose your harvest.
- Untreated wastewater leads to pollution and diseases spread within the fish kingdom. To run your business successfully and without threatening the environment, you will have to clean the pond regularly and treat the wastewater according to the highest standards.
- Not all fish types are in demand. This means that if you end up producing a fish specie that has no market value, you are going to be on the losing side. Therefore, make sure that you do comprehensive market research before you bring new species to your pond.
- Packaging, marketing, and delivery of fish can help you to increase profits. So if you are selling fish to a wholesaler from the pond directly, try getting involved with the value chain yourself. You will quickly notice your profits going double.
How to Start Fish Farming Business
If you want to start fish farming but you are stuck at how to start fish farming, you just need to read through. This article will provide all the necessary details and help you understand the basics of fish farming from selection of site to determining whether your business has the potential to grow in the market.
Choose a site
The foremost thing to start a fish farming business is to select the perfect site. If you have done your research right, you will be able to pick a site that has ample water supply, perfect soil, and provides a pollution-free environment for your fish. Use these pointers when selecting a site.
- Look for sites with an excellent supply of water
- Look for sites with plan land instead of steeply sloped land
- Look for sites free of any uphill land pollution
- Look for land with appropriate soil for fish farm
Check out water supply
Water supply is the second most important factor after the site selection. If your site doesn’t have multiple water supply sources, you may be facing problems keeping your fish healthy throughout the year. Here are some pointers to use when choosing water supply.
- Ideally, water supply should be located on higher ground to ensure that water flows through gravity. This will help you reduce farming costs by avoiding water pumping.
- Chemically analyze water before choosing the supply source. Water should be clean and healthy for fish. Water with contaminations and high minerals may not be suitable for fish culture.
- Ensure that water supply is regular throughout the year. In some areas, water supply can go short during certain months of the year. If this is the case, look for alternative supply sources during those months.
- For cold-water fish species, you will need more water compared to warm-water species. Cold-water species will require a constant flow of water while warm-water species will do good with static water. You will have to keep these in mind to be sure that you have the right supply of water according to the type of fish in your farm.
You will need to perform market research to find out competition and demand/supply proportion. If your market is saturated already with fish supply, you may not get opportunities to sell at higher prices. Market research should also enable you to choose the fish species according to demand. If your market is saturated already with Trout, you may want to grow catfish and so on.
Your fish farm should be closely connected with the market. If you have to travel hundreds of miles just to reach the market, it may not turn out to be a profitable business in the end.
Infrastructure is another important factor to consider when starting your fish farming business. The area should have roads and availability of utilities on site.
If you are still confused about how to start a fish farming business, you can hire a farming consultant and get all the help you need.