Goat Farming Business Plan
It is important to have goat farming business plans if one decides to invest in this market. The investment needed in goat farming is much smaller as compared to other larger farm animals such as sheep and cattle, though the profits that could be acquired from it are actually good. Starting up a goat farm is not a walk in the park; however it is actually achievable, especially for anyone smart enough to plan ahead and knows what they are doing to run things smoothly. For those interested in venturing in this business, the following is a step by step strategy for a goat farming business plans:
1. Before you even think about investing in goats, goats are multi-purpose farm animals, so you should know first and determine what goat by-product you are interested in selling. A goat is a great source of several by-products, such as:
A. Meat: while not as popular as the likes of beef, chicken, or pork, chevon is actually in demand on certain target markets and it would good to invest in them.
B. Dairy Products: such as milk and cheese. Usually, the more unique something is, the more expensive it could be sold thanks to consumer demand.
C. Fibre: goat skin is actually a great source of some fabrics such as cashmere. Aside from fabric, its hide is also used to make leather.
D. Goats themselves: why kill them when you could sell them alive and well? Breeding goats is an industry itself. Goats are quite to reproduce and a single kid would fetch quite a price in the market, depending on its condition and breed.
2. After deciding what type of product to sell from goats, it is time to proceed to the next step for your goat farming business plans.
Selecting the breed of goats to take care of, since not all goat breeds are the same. For example, if you are after the meat, go for a Boer goat, since they are specifically bred for that purpose and not very good when it comes to milk. If you are after the wool, then go for Cashmere goats. But if you are after crossbreeding to make more genetically superior goats, then go for Kiko goats. And the list goes on. Make sure to choose carefully, as this is an important factor for the success of your goat business.
3. Up next is a crucial step for your goat farming business plans.
Consider your current budget or how much would you be able to invest before starting. Initial capital aside, raising goats requires having a spacious field for them, as well as a goat shed and goat fence. Also, if you would be able to afford continuous usage of goat feeds, or alternatively go for the natural way of feeding them especially if your field happens to be abundant in vegetation that happens to be nutritious and edible for goats. Just be careful and don’t forget to get rid of the toxic ones.