Though fish farming is by no means a new practice, it has gained popularity in recent years, mostly due to the increased global need for fish as healthy and nutritious food. Farmers enjoy raising fish as livestock because it requires minimal land for a high profit. Fish farming may be a business that requires specialized knowledge and extensive time, but with hard work, aquaculture can be a profitable business [source: Helfrich, Libey]. Read the steps listed below and learn about how to start fish farming.
- Evaluating profitability Before starting a fish farming business, it’s crucial to examine whether you have the resources and time to devote to this venture. Important aspects to consider include supply and demand, capital costs, operating costs, legal aspects and production capabilities. Evaluate the current market and see if there is room and demand for a new fish farm.
- Training Once you decide that fish farming is a viable and profitable endeavor, it’s recommended that you work at an operating fishery to learn the ropes. There are a number of technical and managerial skills that you must perfect before venturing off to start the business. A training stage — though it will yield less income — will prove to be invaluable in the future. Working at a successful fish farm will teach you how to perform water quality management, disease control, feeding, marketing and processing skills. Without this knowledge, you may run into difficulties in the future [source: Helfrich, Garling].
- Starting small It’s advisable that you start a small fish farming business, as a part-time business. Setting up a few tanks on your property and learning the ins and outs of the business will produce income and prepare you for a larger investment [source: HPJ]