10 Most Profitable Livestock Farming Business Ideas in Ghana
Agriculture has been the bedrock of the Ghanaian economy for years now. The agricultural sector holds great promises for businesses. Reasons being that as humans we need food to survive as such, this business can never go into extinction.
All of our foods happen to be either crops, livestock or both, which are all component of agriculture. To crown it all, Ghana is blessed with fertile land for all kinds of farming be it livestock or crop farming.
Although people tend to turn their back on agriculture, it still remains one of the solid means of making money.
And at present, livestock farming is undoubtedly a money-making business both as large-scale and small-scale. If you want to start a livestock production business then here are some of the most profitable livestock farming business ideas.
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1. Poultry
Poultry farming is one of the most profitable livestock farming business in Ghana. A poultry farmer can choose to breed birds for eggs, meat or both. Additionally, the demand for chicken, eggs and poultry products is growing by the day. You can easily start poultry farming on a small-scale or large-scale basis.
2. Cattle
Although capital and labour intensive, cattle farming is very profitable. With cattle farming, you can go into cattle breeding, dairy production, fertilizer production, beef production and of course, leather production. However, before you get started, you must choose the right breed for a specific purpose.
3. Fish Farming
Fish farming is another profitable business for agropreneurs who have access to ample water bodies. In the absence of water bodies, you can construct tanks for your fish farm. They’re many varieties of fish that you can choose to start with. Most popular ones are catfish, tilapia, salmon, etc.
4. Pig Farming
Pig Farming is another lucrative livestock business in Ghana. More than one billion pigs are butchered every year worldwide. The high demand for pork, bacon and pig products in Ghana makes it a lucrative business.
5. Goat Farming
Goat farming is another lucrative livestock business that you can explore today. With Goat farming, you can get milk and meat. Goat farming is a low-investment & high-profit livestock farming business. They don’t need a big area for housing due to their small body size in comparison to other livestock animals. In addition, goat farming ensures quick and high ROI depending on the investment amount.
6. Snail Farming
Snail farming is another profitable livestock business with a low capital start up. The sudden increase in demand for snail is sue to an increased interest in weight loss. Snails prefer a wet atmosphere. And they become dormant in the dry season. And you will need to start the snail farm with the right species. Generally, the big-sized giant snails fetch more revenue than the smaller ones.
7. Rabbit Farming
Rabbit farming is both fun and profitable. You can raise rabbits for both pet and livestock purposes. Actually, rabbits are small-sized animals. So, they require less space, feed, care, and management. You can easily raise rabbits on your farm, backyard, terrace, and even at home. Rabbit has a very high reproduction capacity. One female rabbit can give birth to kids every 30 days and 2 to 8 kids per delivery.
8. Duck Farming
Although duck is a specific type of poultry, they breed for specific purposes. There are a number of meat and egg productive duck breeds available throughout the world. If you are planning to start a low-cost livestock farming business then you may consider duck farming. You can also raise ducks without water. As ducks are hardy birds, they don’t need extra care and management.
9. Sheep
Sheep farming is another lucrative business for livestock farmers. One can raise sheep for its milk, meat, & fiber. But, you need to choose specific breeds depending on the agro-climatic condition of your region. Before starting a sheep farming business, you must draft a clear business plan that should include financial costs & revenue.
10. Quail Farming
Although quail is a small poultry bird it is very profitable for livestock farmers. Quail are quick to grow, have short generation interval. Also, quail meat has less fat & fewer calories, making it an ideal food for health-conscious people. Quail eggs, as well as meat, are well-known for being a rich source of vitamins, essential amino acids, phospholipids and unsaturated fatty acids. And all of these are essential for human physical & mental development.
