Couple of weeks back, the CEO of one of the farms I work with, called me in and said, " I am tired of this agric business, it pays less, looks to me like you just work for others to eat, Fishes i raised for average for 5 to 8 months, a buyer comes in and get at 550/600 naira per 1, then he goes to an hotel, bar or road side, create a mini processing facilities, make barbecue or pepper soup, sells the head for 1000 naira, and the tail for 1500, I feel cheated. The Mallam that came to buy on my farm, or the pepper soup woman has made 2500 naira from the fish he got from me at 500 naira". Familiar sorry, I smiled and said to her, what this person has done is to add value to the raw fish she got from you, with minimum Maggi, tomatoes and pepper cost, then sell for you at triple the price. That moment I decided I will write on value addition, but along the line, I got busy and it escaped my head. Few days back I saw some pictures from a friend of mine who i
In one of the foundation articles written on these blog, I dealt with how agribusiness differs from conventional businesses. Agribusiness play by its own unique rules which must be strictly followed. I always preach these caution, especially to conventional business people having interest in agriculture or already set up one. It will interest you to know that of all the available agribusiness options, poultry business stands out as one of the most lucrative, yet most dangerous venture, it can lift you up in a minute and it fold up and drop you back to your starting point in the next minute, if proper care and caution is not taken. Below are the few areas you should look into, if you have started or about to start your poultry business. 1. Have your business thoroughly planned out. You don’t just start , you should have a plan, the number you wish to produce, the market survey , how you will build your pen, how you plan to staff your pen. 2. Get g