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Studentpreneur: See How To Start Up A Lucrative Pig Farm - Investment - Nairaland

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Studentpreneur: See How To Start Up A Lucrative Pig Farm by okekefranklin(m): 5:00pm On Feb 02, 2018
Learning how to start up a lucrative Pig Farm with little capital can be very challenging but it’s possible and very lucrative even as a student.
If I tell you that I started my own pig farm with just 150k, you will doubt it. But it’s as simple as that.

This article is not meant to induce you to invest in pig farming with a mouthwatering promise that it will fetch you millions of naira within the shortest possible time. In other words, I don’t promote a business because I want my blog to be read. I do because it could be valuable to my priority target groups: students with unrelenting entrepreneurial spirit, the smart ones.

To have your pig farm up and running, using the tips provided here requires patience, discipline and hard work. Mind you that these tips are meant for starters with low capital.
To start up a lucrative Pig Farm with little capital, Read and Digest these nuggets

1:Forget about building a structure for your pigs yet.


As a starter with little capital, starting your pig farm with building a structure for it will drain all your capital. This is a major mistake people make when they don’t have more than enough to start up a pig farm. Using the little money you have to build sub standard pen which will end up collapsing within a year will be your bane unless you have enough capital to get it to a desirable standard. The best thing to do is to look out for an already constructed pen available for leasing. The price per pen is between N500 naira to N1000 naira depending on your location. With this you can secure at least 5 pens at the cost of 2500 per month, so with N30, 000 you can secure 5 pens for one year.

2: Seek for professional advice.


Do not just jump into buying pigs without knowing what to expect. I did this and I lost a huge amount of the little capital I had. Seek advice and make sure you are getting the advice from a professional, an expert in that area. Learn about the species, there trends and habits, proper handling of piglets and every other possible knowledge you will need for a start.

3:Read every piece of write up you come across about pig farming.


Just like this one, most of the information one needs to excel in this business is all over the internet. Bring out your time to read them. knowledge is one of the most important things one needs to sustain and survive in any business.

4: Purchase good breed of pigs at the right price.


I didn’t say “purchase goog breed” only but at the right price. Yes at the right price. As a beginner, tighten any holes through which money could be lost. There are many options for you to consider while purchasing the pigs so as to minimize cost within your budget. First is buying piglets and breeding them till they are matured enough for consumption or reproduction. With your little capital and shallow knowledge in pig farming, I won’t advise you to do this. The next option is buying a pregnant pig. This option might not really be the best so I advice you get the growers that will mature in a couple of weeks. You can budget N15000 naira to N20,000 naira for it. Get 3 or 4 of it with one male for easy crossing.

5:For feed, Start with palm kernel Chaff (PKC) tons to save cost


Don’t imbine the idea of buying PKC in bags at the rate of N3000 naira when you can get a ton, that is 20 bags at the rate of N50,000 per ton, at the rate of 2500. Buy beans or bambara(okpa) chaff to mix with the PKC to add more nutrient to their meal. Again, manage their meal judiciously. Get food waste to supplement their feed and the PKC will last for you. With proper management of their feeding pattern, your farm will excel and you won’t spend much.

If you follow these nuggets judiciously, I bet that within six to twelve months you should have 4 pregnant pigs which you can decide to sell at the rate of N30,000 to 50,000 naira each depending on their sizes or leave them to deliver in your farm. With this you will have enough pigs to sell and raise money to gradually start building a standard farm.

If you need further clarifications on this, use the comment box below for that. For more tips on other studentpreneurial activities, you can contact me on 07067495549 or send a mail to unnobzava.pg@gmail.com.


Credit: www.unnobzava.com

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