With the increasing amount of population in the world, the demand for food has reached sky high and that’s why commercial farming is prospering huge since last few decades. The demand for meat and other animal products is continuously increasing and making goat farming business a profitable business opportunity to venture into. So if you have the required skill, knowledge and infrastructure and a strong will to start your own business then commercial goat farming is the best idea to put your money into.
Market Opportunity of Goat Farming Business
After chicken, goat meat is the most highly consumed meat product in everywhere. The meat of goat is consumed by almost all communities and culture, thus with a population over 1 billion, the supply of goat meat is way lesser than the demand thus making the goat farming business idea a profitable one.
Meat is not the only product that goat produces, the goat milks also has a high demand in the market and goat skin is also used for various purpose. Even the goat excretes have demand as they are high-quality manure which helps in agriculture.
So just imagine that for how many reason the goat is in demand.
Different Goat products and their Benefits
Goat meat is not restricted by any of the religions and for that, it has the highest demand worldwide.
Goat milk is said to be most nutritious than any other farm animal and is used it many Ayurvedic treatments too. Goat’s milk is also used for making any kind of dairy products.
The fiber of the goat has also high demand in the market.
Good quality goat skin has a high a high demand in the international market, especially of the black Bengal goat breed.
You can even earn money by selling the goat excretes as they have a high demand for the quality organic fertilizer.
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How to Start a Goat Farming Business
To commence a goat farming business, you need to make a proper goat farming business plan and take your steps accordingly. Below are the steps that you need to follow:
If you are already aware of goat farming, then its good or else you can enhance your skill or knowledge about the same by taking proper training about the same. It is a business which includes managing of livestock, so you should have proper knowledge about the same.
If you want you can start your goat farming business but you need to ensure about the below-mentioned things: –
- Availability fresh grass and that is also in good amount.
- Availability of fresh water.
- Proper drainage system.
- Availability of veterinary services.
It is better to consult with the local administrator or agricultural department about the location you are going to begin your goat farming business to avoid any kind of issue in the future.
You need to register your business with the Government, so contact the nearest agricultural department or administrator to know about the policies of the same. The laws regarding livestock business are much liberal in everywhere to encourage small scale business units.
You need sufficient capital to buy the goats, arranging of housing for them, buying food and medicines and others including buying or renting of place and salaries to hired staffs. You can apply for a loan from different financial institutions.
Select the Best Breed:
You skill and knowledge will play a vital role in this. Goats are the main asset of the business so choosing the best breed is a significant part of the goat farming business. So choose the best breed which suits the business needs the most.
READ ALSO: How to Start a Pig Farm Business
Benefits of Starting a Goat Farming Business
The best part of investing in goat farming business is that there is a long list of benefits of the same which nullifies all the disadvantages. Below are the basic advantages of starting the business: –
- Involvement of less capital investment.
- Need of less investment for infrastructure, feeding and others.
- Goats are very silent kind of animals, thus it is very easy to maintain them.
- The goat meat is not restricted by any of the religions, thus it has high demand among the people.
- Goat farming can easily collaborate with other farming business.
- All the products of goat have demand in the market for the meat, milk, skin, excretes, fiber.
- High market potentiality.
- Goat meat is costlier than chicken and other farm meats.
Another big advantage of starting goat farming business is that goats are less prone to diseases which result in least mortality rate and fewer expenses on treatment. So if you have the farmer inside you and want to make it big in the farming business, then goat farming business is the best suitable option for you.