Pig farming business and consumption have risen rapidly in Nigeria over the past decade driven by population growth, urbanization, increasing incomes, and changing tastes.
In Nigeria today, the number of pigs has increased more than tenfold from three decades ago to roughly 3.2 million. More than 1 million households in Nigeria raises pigs and the majority of the pigs have been raised by the people in the rural area.
Pig farming business have been a lucrative business everyone want to engage in Nigeria and most people who rush into the business do not succeed as a result of not making a workable market research before they ventures into the business.
Having seen the rate at which many people ask questions on the internet about this business and so I decided to write this post to give you the fundamental knowledge of pig farming business.
Major Problems Met by Pig Farmers in Nigeria
- Lack of finance to start pig farming at a commercially viable level.
- Failure to meet up to the requirements to market their pigs.
- Lack of experience and training to produce in large measure.
- Lack of advice and mentor-ship to sustain a practical piggy.
Things to consider when planning to start a pig farming business in Nigeria
Finance / Capital : Pig farming business requires high capital investment from the beginning. If you do not have capital to use as a start-up, you can write a business plan stating the full details of your piggy business to your bank so that they can help you with a loan. Capital is the major thing that can stand any new or already existing business.
Land: Prospective farmers must make sure that they have ownership or a long-term lease for a land. The size of the land required will vary with how many pigs are kept, at what age they are sold and how intensively the pigs are raised.
Market agreements: It is the responsibility of a farmer to do a feasibility study and research about the availability and proximity of markets to the proposed piggy and to enter into agreements with those prospective markets.
Environmental Management Plan: It is very important for pig farmer to give an approved Environmental Management Plan for the identified land as required by the environmental laws of the state.
Construction plans: You should be able to build a solid house for your pigs to stay. Pigs usually dig the ground and because of that, it is advisable to have concrete beneath the house to prevent them from digging the ground.
Production inputs: Your cost of production should be minimal and do not spend so much in the production of your pigs. It is your responsibility to negotiate for better deals when purchasing production inputs for your business operation.
In my next post, I will write about how you can raise your pigs from small to big size with less or no capital.
Hope you find this information useful? If you have any question or contribution concerning how to be successful or start a pig farming business, share your opinion using the comment box below and also remember to share with your friends on social networks using the share button below.