The ongoing Eid celebrations have brought reprieve for livestock farmers amidst the Covid-19 induced recession. Therefore, the spotlight shines on livestock farming as a rewarding investment channel. Just like other types of business investment, livestock farming requires adequate information and an investment plan. With regards to choosing the most profitable type of livestock and how best to utilise the investment potential. Based on demand, multiple produce and value, here are the top 5 most profitable livestock to raise:
With a massive market for beef daily, raising cattle is at the top of the list for livestock. It provides a decent payout for each animal you raise, and cattle are remarkably low-maintenance. Additionally, every part of cattle is profitable; beef, leather, milk and cheese. They simply require good pasture, healthy diet, fresh water and vaccinations.
Even before the meat, the real money-maker for chickens is their eggs as they are so commonly used in meal preparation. The constant production of eggs by hens and their breeding capabilities make chickens a valuable income generator for a livestock farmer.
This is especially profitable if you can time lambing to specific festivals such as Ramadan or Easter. Many families will pay a premium for a good-quality fresh lamb at this time of year. However, it is best to raise a mix of cattle and sheep to maximize their profits with long-range plan for the cattle sales and short-term lamb sales.
Pigs were usually called “mortgage lifters” by old-time farmers because of their value. They are easy to raise, quick to putt on weight until ready for slaughter, Still, their feed is inexpensive.
Fish farming is especially profitable for agropreneurs who have ample water bodies. Nevertheless, you can also raise fishes in tanks. The wide range of fishes to choose from is the best thing about it. You can opt for carp fishes, shrimp, catfish, prawn and salmon. However, while starting a fish farming business, it is important to do a market study to understand the local demand.