Here are Top Tips for Commercial Goat Farming Business to Maximize Profit. Though, goat farming is not a new enterprise. It is becoming very popular day by day due to its high demand and good economic prospects. Rearing goats has always been a profitable business. Goats are being reared for a very long time for the purpose of harvesting milk, meat, and fibre.
But the most profitable method which is gaining momentum for the past few years is commercial goat farming. Hence, many producers are thinking to establish a commercial goat farming business, as goats are among the main meat & milk-producing animals. In this article, we will inform you about the various benefits of commercial goat farming, how can you set up your own profitable commercial goat farm and earn good money from it.
Commercial Goat Farming
Commercial goat farming is a process of rearing goats for the commercial production of milk, meat, and wool (leather). Its popularity in India is increasing day by day as the demand for meat is growing. It has been deriving many modern farmers, unemployed educated youths, famous businessmen & many others to take up this business on a commercial scale.
Benefits of Commercial Goat Farming:
Commercial goat farming has several benefits. In other words, it is a great business idea with a good return of investment ratio (ROI). Therefore, it is gaining momentum around the globe. Some benefits of commercial goat farming are below:
1. Profitable Business
Commercial goat farming is a guaranteed profitable business idea.
2. Less Capital
The capital required for this business is comparatively less than any other business opportunity. You can simply start it with a little number of goats. With proper care and management, you can make your business profitable within one year or two. Goats require housing or sheltering facilities less as compared to any other livestock animals.
3. High Business Growth Rate
As goats produce kids more than once a year, so, even if you are starting with a few goats, you will be able to grow your business fast.
4. Easy Maintenance
It is very simple to maintain goats and its maintenance costs are also less.
5. Less Labour Cost
Goat farming can be done even by unemployed educated youths, women, ex-servicemen, businessmen as it requires less labour cost.
6. Government Help
The government of almost all countries is providing necessary training and other facilities for establishing a goat farming business.
7. Good Investment
Various local, government, and international banks are interested to invest in this business with very few terms and conditions. There are some government banks providing loan facilities with very little or no interest.
8. Less Risk
Diseases & other risks are minimal as compared to any other farming business.
Setting up your own commercial goat farm:
1. Right Location
The first step is to select a suitable place to set up a commercial farm. You must ensure that your selected location has all types of facilities for goats. Below is the list to be taken in mind for location:
- Clean and fresh water
- Set up a tubewell, pond, or any other type of water reservoir.
- Choose the farm located near villages, so that you can get the labor for your farm easily and cheaply.
- A good transportation system will help you to keep good relations with your nearest market and another source.
- Make sure that the location is chaotic, noisy, and pollution-free and veterinary service is nearby available.
- Goats require grazing place. So, determine whether you can make a pasture or not.
2. Choose Right Products
First, determine whether goat meat or milk has a great demand in your local area. Then, depending on the more demand, you should start a commercial dairy goat farm. If your location has sufficient facilities for marketing your products internationally, then you can establish a goat farm for producing any type of product. But for commercial purposes, you must establish a meat or dairy goat farm which will give you more profit.
Select the proper goat breeds for your commercial farm. There are numerous breeds around the world that are highly meat productive, some of them are famous for milk production, some goat breeds produce high-quality skins and fiber. However, some highly productive goat breeds are Beetal, Saanen, Boer, Black Bengal, Anglo Nubian, Jamunapari.
4. Good Housing
One must ensure a well-designed house with all types of accommodation facilities. It influences the total production and profit from commercial goat farming. On average, 1.5-2.0 squire meter housing space is needed per goat. Thus, build your house as per the number of goats. Keep separate room for the buck and does, inside the house. Also, make a separate room for the kids. Making extra room for milking the goats will be profitable in the commercial goat farming business. Proper ventilation & drainage system is a must. There should be a sufficient flow of fresh air and light inside the house.
Make a fence around your farm area. It will keep your goats safe and free from other harmful animals like dogs. You can make a fence with general wire or electric wire.
It is the most important part of commercial goat farming. Good commercial production with maximum profit is mostly dependent on feeding high-quality fresh and nutritious food. Provide your goats with enough green food with nutritious complementary food regularly. Observe the health condition of goats. If there are any thin or weak goats, then separate them and provide them with some extra nutritious food.
Always remember that you must never feed your goat used, damp or contaminated food. Store your goat feed in a cool & safe place. Put the food basket high so that wastage of food is less.
In today’s time, various modern farmers are using artificial insemination systems for breeding in commercial goat farming. It is very suitable for large-scale commercial goat farming. If you have just started up with a few goats then you must use natural goat breeding. You can contact with your any nearest organization if you are interested.
8. Veterinary Services
The health of goats plays a vital role to generate a good and profitable business. Though, diseases are less in goats. But, be sure of the availability of proper and sufficient veterinary service on your farm. If your farm is located near to any veterinary service centre then it will be better. You must store the necessary medicines and vaccines on your farm. So that if anyhow something goes wrong, then you will be able to provide first aid.
Making a pasture is a must for the commercial goat farming business. If you are making a pasture for your goats, then you can decrease complimentary food costs. Also, browsing in the pasture also helps to keep the goats healthy.
10. Regular Care
Always take good care of your goats. Don’t ever delay or stop caring for your goats. You must provide them with good care and management. Proper care & management will ensure maximum production and high profit from your business.
Though, it is the easiest but most important part of commercial goat farming. So, now when everything goes well & if you get good production then it’s the time to market your products. Firstly, try your local market, then big markets in your country. Only after that, you can try the international market.
So, follow the above steps very carefully, if you want to start a goat farming business. Don’t forget that commercial goat farming is a very profitable business. Let us know what more you want to know.
Financial and Business expert having 30+ Years of vast experience in running successful businesses and managing finance.