HOW TO START CHICKEN FARMING?
Do you want to invest in buying a farm lot and you have no idea what to start? I have an idea that you may consider! Why don’t you try chicken farming? Starting and owning a chicken farm might be the dream of many people. Here are the following costs to expect in building your chicken farm, apart from buying and feeding chickens, building the best egg incubator, and providing a safe shelter for them to live. But, that’s not all what other costs should you expect?
Even though you do not have enough knowledge and expertise on chicken farming to make your dream come true. Let’s analyze some of the costs that you need to be aware of
First, you must consider the Type of Business!
Over the years, chicken has become the number one meat consumed not only in the United States of America but also all throughout the globe because it is the most affordable. Additionally, the country is also the largest chicken broiler producer in the world, especially thanks to five states: Alabama, Arkansas, Georgia, Mississippi, and North Carolina.
You will find a lot of chicken farms, small or big farms dealing with everything from meat processing, egg production, and also growing chicken. And here’s the question for that! What type of chicken farm business are you gonna do?
Raising chicken for their eggs is a suitable option for entrepreneurs with limited budgets and logistics as it costs less and the profit rates are reasonable. On the other hand, poultry farms require more space and investing in various technologies such as machines which affect the increase in your initial costs.
The good news is that no matter your choice, chances are your business will be profitable, as there will never be a shortage of meat and egg consumers in this world.
Second, How much will it cost to start a chicken farm?
Establishing the initial costs of a chicken farm can vary from a few thousand dollars and up to three-quarters of a million, depending on the size of your lot farm.
Financial risks are not very high and the good thing is you can closely monitor the entire process of the system and make sure you’re using premium and organic feed that will add value to your products. That means that it has advantages that are applicable for young and inexperienced entrepreneurs in this field.
Generally speaking, it will cost you anywhere between 5,000 and 25,000 dollars to begin a small-scale business in the poultry industry, and this includes the costs of your employees’ salaries for the first three months of operation.
As the business grows, you’ll expect an increase in costs as well, so that a medium-sized chicken farm may end up costing up to 30 times more, including the salaries.
Finally, a large-scale poultry business should also look at the costs of operating a commercial hatchery, raising different chicken breeds, and the ability to export the final products both on the local and international markets. Given these challenges, you can expect a budget of nearly two million dollars.
Third, What are some of the most important costs you have to consider?
The first and most important thing you have to consider is leasing the farmland you are planning on building your business on. On average, medium-sized farmland will cost you around 200,000 dollars to lease which is, by far, the biggest investment you’ll have to make. But, if your budget is enough to purchase the property your planning to put on your chicken farming business is better than leasing.
You have to take into account the actual costs of purchasing everything needed for your chickens to stay healthy and productive, and that means investing in high-quality poultry feed and medication. The costs of this operation are around 35,000 dollars for a medium-sized farm.
And what about the costs of the actual birds? Depending on the chicken breeds and the number of birds, you’re looking up at around 60,000-70,000 dollars for a medium-sized chicken farm.
Paying for an expert business consultant that will help you come up with a reliable and responsible business plan is a must, especially if you’re not educated in the field of business administration. An expert’s opinion will cost around 3,000 dollars and that includes the business plan as well.
Throw in some additional 750 dollars you have to pay for the registering fee, and don’t forget about all other legal expenses necessary for obtaining permits and licenses. We’re looking at the health department license, a business license, an air and water pollution control permit, a fire department permit, and other additional accounting services, as well as the help of a professional accountant. These all add up to around 15,000-16,000 dollars more.
We’re now moving to the start-up expenses that include phone and utility deposits, as well as stationery, for which you will be paying some additional 7,000 dollars, on average.
Another extremely important thing you need to focus on is the cost of insurance as it can potentially save your business in case something goes wrong. We suggest opting for extended insurance policies that include property-casualty, general liability, employees’ compensations, and theft. This premium insurance policy can cost around 30,000 dollars per year.
If you’re already starting to get dizzy at the costs, find out that you’ll have to throw in an additional generous amount of money for acquiring all necessary working tools, equipment, and store equipment. Again, depending on the size of your farm and how well-secured your location is, you’re looking at some additional 100,000 dollars at the very least.
Finally, you’ll also have to come up with a small budget for marketing campaigns and advertising your business. Consider a personal website to get in touch with potential clients, flyer printing, ad campaigns, banners, as well as an opening party for a proper debut in the business world.
Even though you do not have enough knowledge and expertise on chicken farming to make your dream come true. Let’s analyze some of the costs that you need to be aware of
First, you must consider the Type of Business!
Over the years, chicken has become the number one meat consumed not only in the United States of America but also all throughout the globe because it is the most affordable. Additionally, the country is also the largest chicken broiler producer in the world, especially thanks to five states: Alabama, Arkansas, Georgia, Mississippi, and North Carolina.
You will find a lot of chicken farms, small or big farms dealing with everything from meat processing, egg production, and also growing chicken. And here’s the question for that! What type of chicken farm business are you gonna do?
Raising chicken for their eggs is a suitable option for entrepreneurs with limited budgets and logistics as it costs less and the profit rates are reasonable. On the other hand, poultry farms require more space and investing in various technologies such as machines which affect the increase in your initial costs.
The good news is that no matter your choice, chances are your business will be profitable, as there will never be a shortage of meat and egg consumers in this world.
Second, How much will it cost to start a chicken farm?
Establishing the initial costs of a chicken farm can vary from a few thousand dollars and up to three-quarters of a million, depending on the size of your lot farm.
Financial risks are not very high and the good thing is you can closely monitor the entire process of the system and make sure you’re using premium and organic feed that will add value to your products. That means that it has advantages that are applicable for young and inexperienced entrepreneurs in this field.
Generally speaking, it will cost you anywhere between 5,000 and 25,000 dollars to begin a small-scale business in the poultry industry, and this includes the costs of your employees’ salaries for the first three months of operation.
As the business grows, you’ll expect an increase in costs as well, so that a medium-sized chicken farm may end up costing up to 30 times more, including the salaries.
Finally, a large-scale poultry business should also look at the costs of operating a commercial hatchery, raising different chicken breeds, and the ability to export the final products both on the local and international markets. Given these challenges, you can expect a budget of nearly two million dollars.
Third, What are some of the most important costs you have to consider?
The first and most important thing you have to consider is leasing the farmland you are planning on building your business on. On average, medium-sized farmland will cost you around 200,000 dollars to lease which is, by far, the biggest investment you’ll have to make. But, if your budget is enough to purchase the property your planning to put on your chicken farming business is better than leasing.
You have to take into account the actual costs of purchasing everything needed for your chickens to stay healthy and productive, and that means investing in high-quality poultry feed and medication. The costs of this operation are around 35,000 dollars for a medium-sized farm.
And what about the costs of the actual birds? Depending on the chicken breeds and the number of birds, you’re looking up at around 60,000-70,000 dollars for a medium-sized chicken farm.
Paying for an expert business consultant that will help you come up with a reliable and responsible business plan is a must, especially if you’re not educated in the field of business administration. An expert’s opinion will cost around 3,000 dollars and that includes the business plan as well.
Throw in some additional 750 dollars you have to pay for the registering fee, and don’t forget about all other legal expenses necessary for obtaining permits and licenses. We’re looking at the health department license, a business license, an air and water pollution control permit, a fire department permit, and other additional accounting services, as well as the help of a professional accountant. These all add up to around 15,000-16,000 dollars more.
We’re now moving to the start-up expenses that include phone and utility deposits, as well as stationery, for which you will be paying some additional 7,000 dollars, on average.
Another extremely important thing you need to focus on is the cost of insurance as it can potentially save your business in case something goes wrong. We suggest opting for extended insurance policies that include property-casualty, general liability, employees’ compensations, and theft. This premium insurance policy can cost around 30,000 dollars per year.
If you’re already starting to get dizzy at the costs, find out that you’ll have to throw in an additional generous amount of money for acquiring all necessary working tools, equipment, and store equipment. Again, depending on the size of your farm and how well-secured your location is, you’re looking at some additional 100,000 dollars at the very least.
Finally, you’ll also have to come up with a small budget for marketing campaigns and advertising your business. Consider a personal website to get in touch with potential clients, flyer printing, ad campaigns, banners, as well as an opening party for a proper debut in the business world.
