In Nigeria today, almost every household owns a backyard Poultry farm.

Over the years, poultry farming was proven to be one of the easiest and cheapest livestock farming with the lowest start-up capital.

However, the story has changed gradually. While the economic condition of the country has affected every business sector, poultry farmers are possibly the most affected.

The Current Challenges?

• Hike in price of DOC (Day Old Chicks)
• Recurrent hike in price of chicken feeds and drugs

Hike In Price Of DOC

The hike in the prices of poultry materials and stocks has hit the brim and stretching further.

For example,
The cost of DOC (Day Old Chicks) has quadrupled. The cost of feed is inflating every single day. The cost of synthetic drugs, too.

Day old Chicks in Nigeria market averagely cost #750-850 currently.

Hike In Price Of Feeds

The cost of a 25kg bag of chicken feed averagely costs between #13,500-16,500.

While these prices are considered manageable by some determined farmers, the quality of chicks and feeds are dropping drastically without much attention drawn to it.

The poultry business, which used to be enjoyable and low capital intensive, has gradually become one of the most expensive businesses to manage.

The majority of farmers are often trapped along the way. Because of the incessant hike in prices of
feeds, DOC and other poultry production materials, budgeting and business planning is not reliable anymore.

Irrespective of these highlighted issues faced with the poultry business right now in Nigeria, the business still remains highly profitable for those who understands how best to run it.

The prices of poultry products including eggs and meat had increased overtime too. For example, in 2019, a kill of chicken (frozen) was sold #900. Currently, it’s selling for #3300 and above in the retail stores.

Isn’t that a big add-on?

During the last season, a mature live broiler chicken was sold for as much as #17,000-20,000 same which was sold for 6,000 some years back.

Where is this leading us? At the moment, we have lost the balance. There is an inverse proportion in the market.

Farmers with a good knowledge of the business understands the opportunities the recurrent hike in production materials has thrown into the sphere.

The more farmers that quits, the less competition in the market.

The poultry farming sphere is experiencing a great shift and many farmers who are into the business with profit motives only won’t be able to stand.

Although maximizing profit is the intent of every business person, the current situation in the poultry industry of Nigeria demands far more than mere profit intent to thrive.

At the moment, only true farmers with passion and love for the business are thriving.

The secrets to succeeding as a poultry farmer in Nigeria today are “passion” and “a good knowledge of the business”.

Do you want to know more?
Kindly get in touch.