One of the more lucrative farming ventures you can get into is poultry farming. It's in high demand today, but it does come with some challenges. You can soar past them, though, by remembering these startup tips.
Select a Bird Species
When you first get into the poultry farming business, it's ideal to select one bird species to specialise in. Otherwise, you may stretch yourself too thin and not master your craft. There are many great bird species for farming purposes. These include chickens, turkeys, quail and ducks.
When trying to narrow down a particular bird species to raise, think about what species you have experience with. The more experience you have with a particular species, the less of a learning curve there will be. Chickens and turkeys are a staple in the poultry farming industry. Just go with what you're most comfortable working with.
Get Quality Help
It's virtually impossible to run a poultry farm by yourself. Instead, you need people to help with various tasks — such as cleaning, feeding, and organising livestock. However, you need to be selective with the help you hire.
Ideally, your workers should have prior farming experience. You then won't have to spend a lot of time training them or second-guessing their competency. Prior experience with poultry farming is a plus. You also need to ensure your help can physically do the intensive labour that's required of them. They should be in good shape and comfortable with lifting a lot of weight.
Take out a Loan
Getting into poultry farming isn't cheap. There are a lot of specialised equipment and supplies you'll need to invest in, which can be costly. Additionally, you have to pay for professional labour. If you don't have enough money to cover these costs out of pocket, then you should consider taking out a business loan.
These loans are pretty common today, especially for farming purposes. What you'll need to do is choose a loan that works for your personal finances. Make sure you're well aware of your loan's interest rate, as this will determine how much money you pay back over the years. Also, compare rates from different lenders so that you get the best deal.
The poultry farming industry is booming currently. If you plan on getting in on this farming venture, take your time planning out every important detail. From finances to livestock, ample preparation will be necessary to succeed in this farm experience.