In this post, we will discuss how to start a profitable cattle rearing business in Nigeria with little capital. I will mostly focus on important considerations I believe will boost your chances of success in this business.
When a cattle farmer has access to the right tools, adequate funding, expert advice and the needed knowledge, there is no question about how lucrative the cattle farming business is in Nigeria.
What I want to do is to show you these tools, give you the information you need to start and give you options on how to raise funding to start your own cattle farming business as soon as possible.
What makes cattle farming so lucrative is number of products one can derive from cattle. The major products are cheese, beef and milk. Also by-products like hide and skin, hoof and bones are useful raw materials for many household and industrial products.
Cattle rearing is lucrative business but you already knew that; you wouldn’t be reading this post if you didn’t. You want to know the ‘how’ of cattle farming and that’s exactly what I’m going to show you in this post.
Starting Cattle farming business in Nigeria
How you succeed as a cattle farmer will be determined by some key decisions you will face. I will discuss some of them below.
To ranch or to herd?
Do you want to build a ranch for your cattle or give them to herdsmen, moving the cattle from place to place to find pasture? This will largely determine how much you will have to invest in the business.
Cattle herding was once preferred over ranching in Nigeria because herding saves a lot of money. You don’t spend much money on cattle fodder – they find their own pasture wherever they are taken, they can rest and sleep anywhere so you don’t spend money on housing, and when they mature you simply sell them off.
However, with the recent activities of certain ‘herdsmen’ in Nigeria, cattle herding has left a bitter taste in many mouths. There are calls for the government to ban cattle herding so that cattle farmers will build ranches for their cattle.
So which should you choose, ranching or herding?
This takes careful consideration because both sides of the ranching vs herding debate have very good points. Here are a few factors to consider before you make a decision.
- Cost: Capital is a serious consideration for any business person. You will need to weigh the cost of these 2 modes before you decide which one to go for. Obviously, ranching is much more expensive but then it is more investor-friendly too.
- Security: Ranchers usually complain of attacks to and theft of their cattle because they are housed in a place and more prone to such unfortunate incidents. In response, the Federal Government announced that they will provide insurance for ranch operators. Still, you need to consider security before you start cattle farming.
- Politics and public sentiments: If the atrocious attacks on people by ‘Fulani herdsmen’ continue, the government may decide to take a hard stand and ban herding activities in the country. If this happens, many herders will scramble to start their own ranch.
- Investor friendliness: This is only my opinion, but as an investor, I would favor the cattle farmer who plans to build a ranch over the farmer who wants to herd cattle. It just makes more sense to me. Again, it’s only my opinion and you should decide which one of these will attract more investors to you.