Do you want to augment your revenue and snowball growth? You can give thought to starting a poultry farm business, which is one of the booming agribusinesses in India. The government of India is operating a National Livestock Mission to facilitate ventures in poultry farming. The administration is also extending liberal funding and financial support to families living below the poverty line for launching their poultry farming enterprise in India.
Here, we share complete details of the ways to start a poultry business and expand rampantly in this popular segment across India.
Steps to Start a Poultry Farm Business
1. Chalk Out a Business Strategy
A business strategy comprises a blueprint that involves particulars related to the ways to accomplish the business objectives.
The business policy for poultry farming would preferably contain the given elements-
- Look for a suitable location to launch the poultry farm.
- A record of necessary equipment.
- Determining the range of birds for the poultry industry
- All pieces of information related to procedures such as broiler raising and egg production.
- Information about different resources, such as human capital and financial resources
- Policies for advertising and marketing
- Details about legal clearances, like licenses and seal of approval, are necessary.
- Pricing Strategy citing the competitive price you will fix for various poultry products
2. Choosing Birds and the Sector
After formulating your business strategy, you need to work out the sector you want to serve, such as chicken breeding, egg and meat production, meat manufacturing, or egg processing. Three separate varieties of chickens are in demand in India, namely broiler chicken, known for their high meat proportion; layer chicken, which is a rare hen breed raised for eggs; and rooster chicken.
For your broiler business, you need to search for the takers of your broilers and seek contacts from broiler establishments in your region to purchase from you.
3. Deciding the Location
One of the critical aspects of poultry farming is to detect the proper land for the industry, which is a costly process during the initial stages of the business. The land area can differ based on the nature and magnitude of the company.
The four varieties of poultry farms include:
- Free range farm encompassing an area of 12,000-36,000 square feet to keep the free movement of birds.
- Semi Range Farm of nearly 8000 sq.ft
- Battery Cage Farm has an area of 6,000 sq.ft, which is necessary for infrastructure and caging the birds.
- Completely Wild Farm covering an area of nearly 44,000 sq ft.
Other elements to investigate when finalizing the location are a region close to the pollution-free city, less costly transport, and quick access to facilities such as clean water and a ready market to purchase commodities. Setting up your farm location slightly away from the adjoining town makes both manpower and land available at an economical cost. However, it is generally recommended to set up a poultry farm on your land if you want to make your poultry production more profit-oriented.
4. Acquiring Necessary Equipment
To begin with, you can pick up some essential equipment for the poultry farm, like the proper feeders, ventilation mechanism, perches, incubator, waterers, and cages, and install heaters and coops. Besides lighting devices and an egg tray, a waste removal system is also needed to equip your poultry farm venture.
Prudent planning will be to initially place simply the essential equipment for retaining a healthy environment for your chickens. Later, as your business flourishes, you can secure a loan to purchase expensive equipment. You also need to consider the type of system to conform to, whether intensive, semi-intensive or extensive system.
5. Securing a Loan
A poultry farm venture is more monetarily complex, to begin with, as it entails enormous funds at its inception. This is due to land purchase and essential equipment and a steady money supply for labour payment.
So, apply for a bank loan to launch your poultry business. Consider the types of loans the government provide in the poultry segment. Consultation with a financial advisor on the loan requirements can be helpful.
See to it that your credit score is excellent, together with paycheck stubs. They can be beneficial in quick money borrowings from a bank and at reasonable interest rates. Avoid a substantial loan; instead, begin with a loan just to procure the chickens and the farm tools and equipment. Later, as your poultry enterprise thrives, you can seek more significant financing or loans to pay back with higher income.
You can also seek financial assistance from various government schemes that cater to agricultural enterprises and offer tax concessions on the loan amount.
6. Necessary Licenses and Consent
The set of licenses necessary to go ahead with your poultry farming venture in India includes the following:
- A no objection certificate or NOC from the municipality, local village panchayat, and the pollution board is required.
- Permit from the groundwater department
- Authorization for the use of electricity as a transformer will be essential if your poultry business is large.
- Business registration, for instance, of a proprietary or partnership firm or a company.
Some other licenses that you can acquire but are not obligatory and can be beneficial are as follows;
- MSME/Udyam registration to gain access to various assistance such as Mudra loans or technology upgrade support for healthier flocks and automation of processes.
- Trademark registration for your logo, which bars others from employing the same logo.
The government is encouraging poultry farming due to a rising demand for poultry production. Therefore, acquiring the licenses and getting approval has become much more manageable.
7. An Outlay of Expenses Incurred
The expenses you incur for establishing a poultry venture rest on the scale and magnitude of your business. Across India, the roundabout expenses involved in setting up a poultry business involve the following:
- Small-scale poultry farm business entails a cost of almost Rs. 50,000 – Rs. 1 50,000.
- Mid-sized poultry farms can cost somewhere between Rs. 1, 50,000 – Rs.3, 50,000.
- Large-scale poultry business amounts to approximately Rs.7 00,000 to 10 00,000.
The poultry farming industry is a commercially successful resource, as you can achieve the break-even point in simply six months. This occurs because several birds begin laying eggs within six months of ageing. The income generation achieved from the poultry segment depends on the scale of the business. Regardless of the small size of your poultry business, you can earn a moderate profit. In addition, you can also sell the feathers and market the farm by-products such as gunny bags and wastes or manures for side income, apart from selling eggs and meat to get extra profit.
Final Reflections
A remarkable way to augment your income and boost food security is by undertaking a poultry farm business that is high on profitability. By following the above measures, from picking the type of poultry business using operational strategies to assessing the financial resources and government assistance, you can begin a money-spinning venture. By investing a capital of four to five lakhs, you create the possibility of an income of 20 lakhs rupees. To meet all your business registration, licensing, and trademark registration requirements, Kanakkupillai can assist you in navigating your business plans and attaining business goals.
