Poultry Farm Business Plan, the poultry industry in Nigeria has experienced continuous production and expansion in recent years giving the sudden increase in demand for day old chicks, mature chicken. In the past chicken were kept in the backyard for domestic use, now it has become one of the most demanded sources of food, the sudden increase is trace to high demand for chicken and egg product by hotel, fast food and individuals.
Poultry farming or poultry production is the practice of raising domesticated birds such as chickens, turkeys, duck and geese as a sub-category of animal husbandry, for the purpose of producing meat and/or eggs for food. Chickens of all the domesticated birds are produced largely for its economic value. The poultry industry has become very lucrative due to high demand for chicken meat in the market. Production has never met up to demand, so that makes it very interesting and profitable. Also, government policies to boost agriculture have been a factor to the boom in this sector especially with the ban on the importation of frozen chicken.
Chickens are raised all year round as a source of food, for
both their meat and egg.
Nigeria has the highest number of poultry farm in African.
Poultry meat and egg are the most consumed animal protein; unrestricted by any
religion or culture in Nigeria. It is recorded that the poultry industry
contributes about 25% of the country’s Agriculture GDP. Poultry farmers in Nigeria
form 25 per cent of the country’s agricultural Gross Domestic Product (GDP). According
to him, the association and its members constitute 25 per cent of the
agricultural GDP of this country. Nigeria presently produces about 300,000 tons
of poultry meat per annum officially and 650,000 tons of egg according to FAQ,
A parallel records from poultry Association of Nigeria (PAN), indicates that
Nigeria that produces presently above 1.25 million tons of egg per year.
The livestock segment of the agricultural sector of the
economy is very lucrative. This is because of the ever-growing population of
the country. Besides, the government ban on the importation of aquaculture and
poultry produce is a great opportunity in the sector.
Poultry Farm Business Plan Table of Contents
- Executive summary
- Introduction
- The product/services
- Industry and Market Analysis
- Competition
- SWOT Analysis
- Operation Plans
- Marketing Plan
- Management
- Financial Plan
- Appendices
- Assumptions
- Income Statement
- Balance Sheet
- Cash Flow
- Summary
- Glossary
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