Livestock production is yet another segment that’s a lucrative one to venture into. There are several options of businesses to settle for in this domain depending on your finances, location or intended target market. There’s also lots of flexibility in how you can choose your niching approach. The livestock farming sector involves meat production for the most part though there are non-meat products involved too. In this article we discuss some of the top business ideas on livestock farming.
Cattle Pen Fattening
The thrust of cattle pen fattening is to feed them up until they have put on substantial weight in order to fetch high market prices. One can choose to fatten their own cattle or they can source cheaply available cattle and fatten them. The profit margins in this business are very high if everything is done properly. Cattle pen fattening takes on average 3 months so revenue can be realized in the short term. The demand for beef is always high thus making this a worthwhile undertaking. Get the cattle fattening business plan.
Pig Farming
The best approach for this business is to get breeding stock i.e. boars and sows. One sow can produce on average 11 piglets per pregnancy (being able to be pregnant twice a year). So this shows you how lucrative this business can be because you end up not only rearing pigs per se. Additionally, you end up selling some of them for others to rear or selling breeding stock to other pig farmers. Pork and other pork products are highly sought-after so you can never go wrong by choosing pig farming. Get the pig farming business plan.
Goat Farming
Goat meat is steadily becoming an alternative to usual meats like beef and pork. So there’s still room for goat farming because a vast market for goat meat is out there and still evolving. Goats are generally resilient to any environment and most weather conditions. The possibility of using supplementary feeding approaches such as pastures can limit the need for commercial feeds. In essence, goat farming can be quite inexpensive to conduct. Get the goat farming business plan.
Cattle Farming
Just like cattle pen fattening cattle ranching is a popular livestock farming business. The items produced can range from meat, milk to hides and so on. If one has a piece of land with a significant space to serve as grazing pastures then cattle ranching can be the perfect fit. There are of course other things to consider such as climate or weather patterns since cattle don’t thrive well in certain conditions. Get the cattle farming business plan.
Dairy Farming
Dairy products are a regular feature in people’s diets every day. Choosing to focus on dairy farming can be very profitable given that products produced (particularly milk) are on demand. The range and types of clients one can cater for are many and diverse. If you choose dairy farming finding a sustainable market won’t be that difficult. Get the dairy farming business plan.
Rabbit Farming
Just like goat meat, rabbit meat is steadily becoming a popular meat alternative. The fact that rabbits provide white meat and tastes more or less like chicken makes them quite appealing.The body sizes of rabbits are so small that their housing requirements aren’t too demanding and costly. Rabbits can feed on a wide array of plants as food thus reducing costs borne out of purchasing commercial feeds. Rabbits can reach maturity from as early as 10 weeks which makes the realization of revenue quick. Get the rabbit farming business plan.
Tilapia Fish Farming
Globally fish farming is being dubbed the most rapidly growing agricultural activity. Then under that domain tilapia fish farming has been noted to be the segment that’s expanding the most. Tilapia fish are the most common fish species bred by most fish farmers. Constructing a fish pond or purchasing fish tanks are the key housing requirements for tilapia fish farming. Your choice will depend on whether you want to farm outside or indoors. Generally fish is a highly recommended source of protein due to its richness in omega 3 fatty acids and low cholesterol content. So you can definitely make some huge profits from starting this business. Get the tilapia fish farming business plan.
Sheep Farming
You can keep sheep for wool or for mutton production. Both mutton sheep farming and wool sheep farming are very profitable businesses to start.
Livestock Breeding
Most of the livestock farming businesses require breeding stock to kick-start. So one can choose which type of livestock they would want to focus on. Essentially one can choose to settle for cattle, goats, rabbits and so on. You can make money from producing high quality breeding stock that livestock farmers will purchase from you. Even as an individual focusing on livestock breeding you can still broaden your revenue base by also rearing livestock from some of the breeding stock you produce.
Feed Production
Any form of livestock production requires different types of feeds. As much as there can be other alternative feeds used commercial feeds can never be totally done away with. The types of ingredients required for the production of stock feedsare plenty and diverse. Most of the plants or crops required as ingredients are usually readily and easily available. Some of them are soya beans, cotton seed, maize and small grains, amongst others.What can distinguish you from other feed producers are your mixing proportions. You can work closely with livestock farmers so that you explore various mixing proportions in order to come up with optimal feeds.
If you’re passionate about starting a livestock farming business then you can choose from these 9. It’s always important to understand your context by doing market research first. It’s a given that these business ideas are high hitters but don’t assume they’ll just work wherever you are. Take time to do your homework before you start any of these businesses.
