Foundation for Young Farmers

Starting aquaculture as an economic enterprise, like any other economic enterprise, should be taken seriously. One needs to acknowledge that it involves making a significant investment decision and requires serious commitment. This is always true when deciding on the feasibility of any economic investment.

.
Thorough prior planning is therefore a must before any investment is made. Planning involves a detailed evaluation of the biological, economic, and socio-legal feasibility of production. Remember that economic considerations are as important as biological considerations in aquaculture. Socio-legal issues are potentially capable of limiting or even making it completely impossible to undertake aquaculture production.

It is essential to ascertain that the business concept is sound. Ask whether:

  • There are adequate and profitable markets for proposed product(s)
  • You have a suitable site for the proposed production
  • You have enough resources to meet the projected targets
  • The financial projections are realistic, robust and consistent
  • You have…

View original post 917 more words

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s