Executive Summary
This business plan provides a comprehensive guide to establishing a profitable goat farming business in Nigeria. Goat farming is a lucrative venture due to the high demand for goat meat, milk, and skin in local and international markets. This plan covers market analysis, operational strategies, financial projections, and marketing approaches to ensure the success of the venture.
Business Description
● Business Name: Green Pastures Goat Farm
● Location: Oyo State, Nigeria
● Business Structure: Sole Proprietorship/Partnership (as applicable)
● Industry: Livestock Farming
● Products: Live goats (for meat and breeding), goat meat, goat milk, and goat skins.
Objectives
1. To establish a 50-acre goat farm with an initial stock of 200 goats within the first year.
2. To produce 500 live goats and 2,000 liters of goat milk annually by the third year.
3. To supply quality goat meat and breeding stock to local markets and meat processors.
4. To achieve a 30% annual growth rate in revenue through efficient operations and strategic marketing.
Market Analysis
● Industry Overview:
Goat farming is a significant part of Nigeria’s livestock industry. The demand for goat products, especially meat, is driven by cultural practices, festivals, and an increasing population. Goat milk is gaining popularity for its health benefits.
● Target Market:
○ Local meat markets and butcheries.
○ Restaurants and hotels.
○ Export markets for goat meat and skins.
○ Dairy processors interested in goat milk.
● Competitive Advantage:
○ Use of modern farming techniques to ensure high-quality products.
○ Strategic location in a livestock-friendly region.
○ Diversification into meat, milk, and skin production.
SWOT Analysis
● Strengths:
○ High-quality breeding stock and skilled workforce.
○ Proximity to major markets.
○ Access to government agricultural programs and incentives.
● Weaknesses:
○ High initial capital requirement.
○ Limited access to advanced veterinary services.
● Opportunities:
○ Growing domestic and international demand for goat products.
○ Expansion into value-added products like goat cheese and yogurt.
○ Export opportunities for goat skins.
● Threats:
○ Disease outbreaks affecting livestock.
○ Price volatility in local and international markets.
○ Competition from imported meat products.
Operational Plan
1. Farm Setup:
2. Stocking and Breeding:
3. Feeding and Management:
○ Develop a feed plan combining grazing, silage, and commercial feeds.
4. Production and Sales:
Marketing Strategy
● Branding: Establish a trusted brand for quality goat products.
● Sales Channels:
● Promotions:
Financial Plan
1. Startup Costs:
○ Land acquisition and infrastructure development: NGN
○ Purchase of breeding stock: NGN
○ Feed and veterinary services (initial phase): NGN
○ Labor and operational costs: NGN
○ Total: NGN
2. Revenue Projections:
○ Year 1: NGN
○ Year 2: NGN
○ Year 3: NGN
ETC…
This Goat Farming Business Plan / Feasibility study which contains details on how to start goat farming in Nigeria and other detailed financial analysis. It is regularly updated and can be used for Grant Applications, Bank Loans, Proposal writing, and lots more
What is Goat farming?
Goat farming is the rearing of different breeds of goats or a single goat breed for commercial purpose,in a confined environment or an expanse of land.
It involves rearing of goats for various purposes like, meat, diary production, fiber and others. Agriculture is not only focused on the production and sale of farm crops, animals are also reared, and this sector of agriculture is known as animal husbandry.
Now this article is prepared to give you an insight on how to start and run a successful goat farming business in Nigeria or anywhere in the world. just as fish farming, poultry farming and other agribusiness turn in high revenues when executed rightly, goat farming doesn’t just generate a substantial income for investors, it is also a great business opportunity especially for people living in the northern part of Nigeria and India.
Modern goat meat production is one that is wildly accepted by all ages, culture, religion, and race.
It is available in almost all restaurants and entries, and also served in most parties and functions in different parts of the world, hence the lucrative nature of the business.
Opportunities you can get from goat farming business:
Dairy Production
Diary products like yogurt,cheese,milk butter etc, can be processed from the milk gotten from diary goats, and goat milks are even more digestible than cow milk so it is in high demands in both local and international market and is generating high revenue for goat farmers around the world.
While diary production from farm goats milk may be a major buzz in some countries, in several other countries around the world,diary goats are used immensely to fuel their diary needs.
Meat Production
Millions of people around the world consume goat meat,and this extremely high demands for goat meat has got different supermarkets and abattoir in countries like India, united kingdom, Australia, America, Nigeria piling goat meat for sell in their shelves.
People eat goat meat at home,work, and many other places.when they’re asked for an option of meat,they choose goat meat ahead of other meats.
In Nigeria, the level of goat meat consumption is so high because it is served in most parties and sold in restaurants too that even workers look toward to their closing hours so they can rush off to a bar for a plate of goat meat pepper soup meal.this high demand has made the goat meat business flourish in the country.
With Nigeria’s population sitting at over 200 million and over 5 million people consuming goat meat everyday, goat farming continues to be an extremely valuable business opportunity for new and existing farmers to venture into.
In the same vain, Australia hasn’t just become the largest exporter of live goats and goat products worldwide, but has also created a high business opportunity for goat farmers in the country because of the abundance of goat in the country. And despite the extreme number of goats and goat products exported from Australia yearly to many other countries, the demand for goat meat remains insatiable.
Manure
No one says no to extra cash and this can easily be gotten by selling goat manure. It is a very good organic fertilizer,and a great source of income.
Skin
All goats have skin but only a few breeds have a good quality so make your decisions wisely.
The Black Bengal is a good breed for high quality goat skin.and of course you know that goat skins are used to produce different stuff ranging from our shoes to our hand bangs and to many other things.
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Do you want to setup a viable goat farming business in Nigeria and need detailed Business plan which contains information about breeding and Marketing of your goats? You are at the right place so search no further.
Goat farming, when setup with the right knowledge is a very lucrative business that any body successfully manage.
Goat rearing business is by far among the intensive animal farming business in which a lot of people have embarked on and are testifying of it income return.
The profitability of a well structured Goat rearing business can not be over emphasized,but first you must define the main reasons why you are rearing goat; when setting up your goat rearing business, you should be able specify if you are you rearing them for meat, for milk, or for their skin. But irrespective of the reason of rearing the domestic animal, you are sure to make a good profit if you carefully implement the steps we have outline in our Goat Farming business plan. Lets take a closer look at what i mean
Goat Farming Feasibility Study
Here’s a case study of how much you could be making if you invest into goat farming. Let’s make a possible estimation;
A well-matured male or female goat usually weighs about 100-150 pounds (that is if you want to measure your goats in pounds, which is the scale most seller employ when selling their goats).
So, for that pounds, a goat should cost roughly #80,000 or even more . And let’s say you have about 100 matured goats in your goat farm, you would be selling for about #8,000,000. Let’s assume that the cost of feeding and labour is even as high as #3,000,000, you could still be making as much as #5,000,000 every year
From this estimation which was carried out in 2017, you can see that goat farming still remains one other very profitable investments in Nigeria
Facts About Goats
- Goats are so valuable, that in the past they were used in replacement for silver as payments.
- Goats hits puberty when they are about three to fifteen months of age.
- They are adaptable to climatic conditions.
- Goats being herd animals do not thrive singly, they tend to be depressed.
- Life expectancy is between fifteen and eighteen years.
- Intestines of goats are used in production of catgut, a surgical instrument.
- Each kid has a unique scent with which its mother recognizes it.
Benefits of Goat Farming
- Every product off goats are all marketable from the skin, meat, manure, milk, they are all in high demand.
- Goats are highly adaptable to the climatic condition of Nigeria.
- Anyone can invest in goat farming.
- Housing facilities in goat rearing cost less.
How to Start a Goat Farm
Setting up a goat farm require a great deal of effort put in building the goat farms, selecting of favorable breeds of goat and also maximizing the already available market. Now lets carefully look into the three main factors goat framer should consider.
Acquire a piece of land to use as pasture for the goats
In goat farming business in Nigeria, you need to get a piece of land for your goat to feed on. This is very important because when they feed properly they will become more profitable. The land for should be big enough to accommodate the goats and should not be far too far from the city. Goats feed constantly and it not provided with even feed, they may not do so well. Below are some of the things to consider when acquiring land for pasture.
Size
It is very advisable to get a land that is not too small so they do not cluster among themselves. There should be enough space for them to move about and when they start reproducing the land should be big enough to contain the young ones.
Accessibility
The land should not be far from the city. The location matters a lot. If you acquire a land too far from the city it makes it difficult for customers to locate you. The location of the land should be easily accessed by locals who will patronize you.
Water
There should be easy access to clean water for the goats to drink.
Fence
This is a vital aspect. The land must be fenced anyhow you want. Whether you want to use barb wires, or wood do it in a way that they cannot be able to escape. Fencing your goat farm will also prevent predators from entering the farm to attack the goats. This will keep them in a confined environment where you can easily monitor them and account for them.
Bam
This is a place of rest when their grazing time is over. The bam is a shelter from the sunshine. This is important because they also need time to rest after grazing as they ruminate on their cord.
In goat farming business, the goat should always have a veterinary doctor come check up on them every once in a while. This is very important. There are lots of farmers that have lost their goats due to disease outbreak. The check up is important for them to stay healthy. If the need to be vaccinated against any disease outbreak the veterinary doctor will let you know. This should be taken seriously because you can loose all you goat due to disease outbreak.
Selecting Of Goat Breeds
There are basically 6, Six types of goat breeds you can select from and we will be looking at the advantages of each goat breed.
Nigerian Dwarf Goat
If you are starting up a goat farm simply for dairy products, then the Nigerian Dwarf Goat is best used for dairy purposes, Although people in Nigeria prefer to rear them for meat, the Nigerian Dwarf Goats can produce about 3-4 pounds of milk per day. They are the best dairy goats and contain 6.1% butterfat. Milking them is usually very difficult, but they can be raised all-year round
These are the most common goats in Nigeria, and they are used for different purposes. The Nigerian Dwarf Goat is best used for dairy purposes, but people in Nigeria prefer to use them to prepare meals like pepper soup and other African dishes. Irrespective of their small sizes, the Nigerian Dwarf Goats can produce 3-4 pounds of milk per day. They are the best dairy goats and contain 6.1% butterfat.they can be raised all-year round.
Nubian Goats
The Nubian goats are a cross breed of Indian and African bucks, and were raised in England. Their milk contains about 4.6% butterfat and so are not considered as heavy producers.
These goats are big, graceful, and also known as anglo-nubian. They are always said to be proud of their body structure, because of their Roman nose and long pendulum-like ears.they breed seasonally and can be raised all year round.
The Nubian goats are a cross breed of Indian and African bucks, and were raised in England. Their milk contains about 4.6% butterfat and so are not considered as heavy producers
Lamancha Goats
The Lamancha Goats are predominantly found in the United States although they are originally from Spain. Lamancha Goats are rich in dairy produce which are considered very healthy when compared to milk from other breeds of goats.
Physiche wise, The lamancha goat are medium sized, and have small tiny ears that are either gopher ears (sweet rolls) or elf ears (hooked ears)
Oberhasil Goat
These medium-sized built goats are also known as the “swiss alpine”. They are bay in colour with a lot of black spotting all around their body. The downside of these goats is they cannot be raised all year round and their milk contains 3.6% butterfat.
Other Popular Goat breeds that farmers can choose from include the Alpine Goats, berhasli Goat and the Boer Goat. i wont recommend the Boer goat mainly due to the fact that it only breeds during September and towards the end of January.
Complete Guide to Commercial Goat Farming in Nigeria
TABLE OF CONTENTS
Chapter 1
1.0 Introduction
1.2 Finding a Market
1.3 Investing in Facilities and a Herd
1.4 Planning for Success
1.5 Time, Labor, and Management
1.6 Other Sources of Income
1.7 Assessing Business Feasibility
1.8 Goat Farm Start-Up Checklist
1.9 Entrepreneurship
Chapter 2
2.0 Breeds
2.1 Types of breeds
Chapter 3
3.0 Management of does and bucks.
3.1 Management of females.
3.2 Management of males
Chapter 4
4.0 Breeding
4.1 Breeding systems.
4.2 Mating systems
4.3 Selection and culling
4.4 Breeding calendar
4.5 Buck to doe ratio
4.6 The Doe’s Heat Cycle
4.7 The Pregnant Doe
Chapter 5
5.0 Kid management.
5.1 Kidding season.
5.2 Kid rearing
Chapter 6
6.0 Husbandry Practices.
6.1 Housing
6.2 Detention.
6.3 Housing and Working Facilities for Goats
6.4 Grouping Animals
6.5 Working in the Barn
6.6 Storage
6.7 Basic terms in goat husbandry
Chapter 7
7.0 Goat Nutrition
7.1 Feed Requirements
7.2 Digestive System
7.3 Fodder production and conservation
7.4 Average feed take/day
7.5 Other economical feeds available for goats
7.6 Nutritional content of various feeds commonly fed to goats
Chapter 8
8.0 Crop livestock production system.
Chapter 9
9.0 Health.
9.1 Dipping
9.2 Dosing/Drenching
9.3 Injections
9.4 Physiological Data For Goats
9.5 Quick Reference Disease Guide
Chapter 10
10.0 Goat Business Management
10.1Goat marketing
10.2 Financing 50 does and 2 bucks goat business
10.3 Budget of Raising 52 Goat
Chapter 11
11.0 Record keeping.
11.1 Physical records.
11.2 Financial records
+++++++++++++++++++++PLUS
GET YOUR Goat Rearing business Plan including the detailed financial analysis AND BONUS MANUAL. Pay N15,000 to Place your Order
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
OR
OPAY
Account Name – Eyemeka Uwadia
Account NO. – 7036785443
After payment text your name, your e-mail address to 07036785443 and you’ll receive your Goat Farming Business Plan in Nigeria / Feasibility Study Manual