The reason Nigerian Fish Farmers Crash in Fish Farming

1. Absolutely no Market: Bad fish farmers begin looking for a market for fish when the sea food are ready for purchase. Meanwhile, because they are usuallystill feeding, the pool attains its maximum running and fish stop growing. The longer the fish stay in the pond after they have got stopped growing, the smaller sized the profit margin.two. 2 Poor Farm Siting: Including in a place together with inadequate water supply, bad soils for pond building (e. g. may possibly be rocky), far away coming from markets and/or supplies, and many others. 3. Poor farm in addition to facility design: Pond dikesnot really compacted properly, leak a good deal, may be too low, and consequently construction in addition tomaintenance costs become too high while optimum yields will not be achieved. Pooraccessibility to ponds, requiring workers to walk across difficult ground to transfer fish coming from pond to vehicle or maybe vice-versa. 4. Poor Investment Plan: Several farmersassume that to become commercial fish farmer one have to have several large ponds. Consequently,they construct many ponds at a time, which constrains their earnings. Because of this,some farmers require a while to start outputor may only afford to get started production in one pond after all the investment. 5. Deficiency of Technical Knowledge: Start output before knowing what operationsoptions are available or how you can farm fish. 6. Don't employ the right people.Entrepreneurs employ the right people whoare qualified for a selected job. Hiring family members who have minimal desire to learnproper fish farming techniques is a liabilitybecause most people find it difficult to dismiss them even after they have become apparent that they are the real reason for the poor performance from the fish farm. 7. Absentee Owners/Managers: Deal with farms by remote command or telephone. No primaryinvolvement in production in addition to managementactivities of the particular farm. 8. Irregular in addition to improper feeding: This ranges from complete lack of knowledge aboutthe nutritionary requirements and feeding ofcatfish to attempts at lowering costs by using cheap feeds. Some farmers just will not feed their fish given that they think fish will increase as long as there're in water. They don't realize that like all wildlife, best performance would be obtained if your fish have a well- balanced dietand that the feed must be palatable, easily digestible and does not disintegrate into the water prior to a fish can consume this. Fish should be fed using the correct feed of the particularright quality by a conscientious person who is aware that fish ought to be fed according to providing response. Fish may not invariably feed with the same intensity. They may not want to consume much in bad weather or having a sudden change in temp; fish may alsonot eat after they are sick. 9. Are not able to Use the Best Individual for Feeding:The person feeding fish ought to beconscientious and keen to look at the fish and learn their habits. Feed isn't to bedumped straight into ponds or tanks, but fedaccording to the particular fishes feeding response. Give food tois expensive (up to 60-70% of operating cost)and only the best laborer can purchase a low feed conversion and lowest cost. 10. Does not fully grasp managementregimes: Do not really appreciate that different operations levels have different requirements which consequently affects stocking rates. Stocking rates are some sort of functionof the particular management regime. 11. Consentrate on few large fish rather than Volume Production: Being a lot more impressed with harvesting the few large fish rather than looking at the all round picture andappreciating overall tonnage at harvest.Your survival rates and average sea food size matterwhen increasing table-fish, because profitmargins earlier mentioned operational costs generallyrange between 10 to 30% dependant upon one’smarket. The net gain is therefore largely some sort offunction of turnover. 12. Do not keep records , nor assess performance to re-adjust operationspractices accordingly after every cycle. A farmer is therefore not able to tell whether a profit or loss could have been made. Having profit one’s pocket after a sale does not imply one has made a profit. Records need to be kept on all facets of management to help the particular farmer evaluate and right his/hermanagement practices, pertaining to improving production and setting up a business plan. 13. Hobby farmers who forget to harvest at the right time, as though there're taking care of wild-life in a game park. 14. Wrong objectives for committing to aquaculture. Some do it since their friends are doing it or because they'retargeting ‘free’ funds coming from donors or government. Nothing these days is free.Always watch out for the hidden costs just before making a final determination. Furthermore, pond or tank construction is costly which is not something one should undertake for the sake of it. Think objectively prior to deciding to embark on fish farming. Farm fish as a business; as a source of employment and income for your self and others. Invest in fish farming provided that you have studied this and understand the difficulties. 15. Expand the farm like a solution to low benefit and yields. It is a bad business decision to expand a failing organization without first finding out what the sources of the failure are in addition to correcting them. 16. Feel consultants and newspaper reports that indicate fish farming requires little investment and leads to huge profits. Ifit were that easy, everyone would be doing it.And the so- called consultants will be busy making money coming from growing fish; not coming from advertising their expensive teaching programs.