Here is a Comprehensive Business Plan Guide on Starting a Tilapia Fish Farming Business
Commercially tilapia is a very important fish. Globally, the fish ranks third after the carp and salmon fishes. Here in this article, we intend to discuss how to start a commercial tilapia fish farming business for profit. Basically, you can grow tilapia both in the ponds and tanks. Even, you can grow the tilapia fishes in the floating cages. However, here we have shared information specifically for pond culture.
Almost all type of people across the world prefer the tilapia recipes. Basically, the tilapia is one of the very tasty and fast growing fish species. Therefore it creates a great demand for both fish farmer and consumers. Additionally, tilapia fishes can survive in the wide range of environmental conditions.
Any individual can start the tilapia fish farming business as a small-scale or large-scale basis according to his or her investment capacity. Commercial farming is financially successful in each case. Additionally, this is an ideal opportunity for women entrepreneurs and in small towns and rural areas.
Things To Consider In Starting Tilapia Fish Farming
- First of all, commercial farming demands some sort of skill, knowledge, and expertise. Therefore, it is advisable to have some experience before starting your own business. You can also contact the state fishery departments for tilapia farming training.
- Check your state law for tilapia fish farming. Check whether the Govt. gives permission or not for commercial farming.
- Basically, tilapia farming includes three broad steps. These are hatching, rearing and harvesting. According to your investment capacity, plan for the starting point. Decide whether you will go for hatching or procure the fingerlings from other hatcheries.
- Craft a business plan. Like any other livestock business, you can’t expect the return soon after starting the business. Hence, you must have the financial preparation for that.
- Before initiating, study the local market demand. Tilapia has both the domestic and export market. However, you have contact with the fish processing units for exporting the processed fish.
- Select the pond carefully. The water quality is an important aspect of getting great productivity. In addition, check the running water availability. Because you will need to change the water frequently.
- Check the equipment list. And procure the equipment and tools as per your specific requirements.
- Finally, check the availability of the good quality fish feeds. You must provide quality feed for faster growth.
Tilapia Fish Farming Business Cost & Profits
Generally, the business demands two different types of investments. These are fixed cost and working capital costs. Basically, fixed cost includes purchasing the water body, equipment, and tools. On the other hand, the working capital cost includes procuring fingerlings, feeds, medicines, labor, transportation, and other investments.
Tilapia is poised to make a substantial contribution to aquaculture. It is harder and more prolific than other species. Also, tilapia produces a fine-tasting white, flaky meat. Initial consumer taste panels have indicated that Tilapia is a delicious fish.
Tilapia can survive on a diversity of food. Basically, algae are their most common food in the wild. On fish farms, they are fed a high-protein pelleted feed. When raised in a controlled environment they can achieve growth rates of up to 3 percent of body weight per day. Due to these reasons, tilapia brings handsome profits for the farm owners.
The female tilapia can produce minnow numerous times in a year. Therefore, you can find differently sized tilapia fishes in the pond. As a result, you won’t get the desired production. On the other hand, the growth rate of male tilapia is more than the female. Therefore, it is advisable to cultivate only male tilapia fishes for generating more production volume. This type of farming is called mono-sex farming. Basically, these fishes consume supplementary feed and can survive in adverse natural condition
Therefore, it is advisable to cultivate only male tilapia fishes for generating more production volume. This type of farming is called mono-sex farming. Basically, these fishes consume supplementary feed and can survive in adverse natural condition.
In addition to this, decide whether you will go for hatching for producing siblings at your farm or you will procure the siblings from other hatcheries. The tilapia hatching process is delicate and complicated. If you are a beginner, it is advisable to procure the siblings from the reputed hatcheries.
Selection of the of the right pond is one of the most important aspects you must consider carefully. Ensure that, you have sufficient chlorine free clean water availability. Additionally, check the PH balance of the water. Generally, a pH level of 6 or 8 is ideal for tilapia. In addition, make sure that the pond is weed free and have sufficient sunlight during the daytime. Tilapia fish can survive in 12-40 degree centigrade temperature and grows well in 16-35 degree centigrade temperature.
First of all, keep the minnow of tilapia fish in a nursing pond after bringing them from the hatchery. Keep a net around the pond to prevent the fish from predators like frogs and snakes. After 5-7 days of applying fertilizer, stock 21-28 day old minnow in the pond. Serve 10-15% feed to the fish according to the weight of the minnow. After 40-60 days of caring and nursing move them to another pond.
Successful tilapia farming demands clean water, oxygen, food, light and room to swim. The art of tilapia farming is to understand each of these needs, and then find a way to provide them in sufficient quantities.
The most common breed of tilapia farmed around the world is the Nile Tilapia/Nile Perch, which accounts for roughly 75% of farmed Tilapia. Most farmers choose to keep only male tilapia in the grow out stage. Male tilapia have proved to be more profitable as they grow bigger and are more time and energy efficient.
Breeding process of tilapia fish is not so difficult and the setup of the breeding process is very simple. Also, there are several methods you can try for breeding according to the desired quantity output. For best hatchery practice it is sensible to stock one male to three females. After hatching, collect the fry and move to grow out ponds.
Basically, tilapia is an omnivorous fish species. Usually, they consume everything including algae and various types of aquatic plants. You can give them self-made feed or commercial feeds. However, commercial feeds are very healthy and effective for the fish and it provides the highest growth.
Management & Care
We don’t recommend the polyculture activity for tilapia. We don’t encourage rearing tilapia with other carp fishes. Do not put snails, shrimp, goldfish, or any other living organisms, in your tilapia pond water. Avoid conditions that cause weakened immune systems in tilapia. Such as stress due to overcrowding, poor nutrition, and high levels of nitrates. Overall, maintain clean conditions around ponds. Prevent pets, and other animals, from drinking from your tilapia pond water.
Also Read: Commercial Catfish Farming Business
Generally, 300 to 500 gm is the perfect body weight for selling tilapia fishes in the market. When the stocks reach the salable body weight, catch all the fishes from your pond and sell them. After proper sanitization, you can keep fresh stocks for further tilapia fish farming.
Tilapia Farming Guide…Everything you need to know about setting up your own profitableTilapia farm – all in one place.
The Tilapia Business is a Multi-Billion Dollar Business at present. You don’t need any special skill or qualification to start this business.