Analysis of Tilapia Enlargement Aquaculture Business in Ponds
Description: An analysis of tilapia farming is needed for a new tilapia farmer to get a better understanding of its challenges to maximize profit.
As tilapia is quite a popular fish in the market, it is not a surprise if then people decide to farm tilapia to earn more cash. Unfortunately, not a few of them had to stop midway and went bankrupt as they did not get profit as expected. Lack of farming knowledge is the main reason they were unable to continue the business.
Starting a fish farming is not about having the money to start; then you are good to go; it requires a knowledge and understanding of the business. Therefore, an analysis of tilapia enlargement aquaculture business in ponds is needed before embarking on this industry. This article attempts to provide such analysis and inform beginner farmers where to start.
The Capital Simulation
This is the capital simulation for one-time harvesting, which normally takes 6 months.
100kg of seeds equals to around 8,000 tilapias. Assuming that 20% dies and cannot be harvested, then there are 80% x 8,000 = 6,400 tilapias ready to harvest.
If each kilogram of tilapia is priced Rp26,000 in the market, then we get Rp26,000 x 2,560 = Rp66,560,000.
Profit = Rp66,560,000 – 28,500,000 = Rp38,060,000
One of the most important elements of fish farming is the water condition in the fish pond. Water should be cleaned twice a week or less. Make sure that the water has enough oxygen and carbon dioxide in order for fish to breathe and plants in the pond for photosynthesis and other substances needed by tilapia to row. For the type of soil, avoid peatlands and opt for arable land.
You can promote your product by working together with fish sellers in the market, restaurants, supermarkets, wholesalers, or middlemen. Alternatively, you can make your own tilapia-based products such as tilapia crackers or open your own commercial fishing area.
Strength: Tilapia enlargement business is relatively easy when we know what to do and what to avoid. The profit is more than enough to sustain a family.
Weakness: Assistant is needed to help with the farming. The number of assistants depends on how big the scale of your business
Opportunity: Tilapia is widely sought-after for reselling or personal consumption.
Threat: Tilapia’s survival level is low as it is susceptible to fish diseases and predators such as snakes.
We expect that farmers increase their success rate with this analysis of tilapia enlargement aquaculture business in ponds.