Thursday, February 25, 2010

Venture to Goat Business

 Its been a while since I blogged here on my blogspot. Since highschool I am dreaming of having my own business. Business I'm thinking is not limited on technology business or anything related to my study. One of these days I'll be setting up my own agri farm in Nueva Ecija. Goats are good source of income, and that I venture into goat farming.


 I just want to share to you my piece of cake, cake that which I am dreaming of having.


I agree with Doc Marc, housing is the easiest technology to acquire in goatraising. If you have the money, one can immediately construct it.

Aside from good animal husbandry, developing a good forage should also be a priority and this is also requires capital. I hate to admit it that this is one of my mistakes. However I'm now in the process of rectifying this. Don't forget to get a soil test. It pays off long term to be scientific in developing our forage. Planting grasses (kahit damo ito) is also difficult if the conditions are not met. As advised to us by Doc Emil of CLSU, make it appoint that we germinate 100 seeds everyday and make it a habit, this will sustain us in the long run.

About earning a profit in 2 years, forget it. I already did all permutations of business conditions and opex/capex analysis. If one will build a decent goathouse plus acquire good genetics and invest in forage development, the payback period is in between 3 to 4 years and cash sufficient within  3 years, which means you need to pump in additonal cash to operating expense in the next 2 years to sustain operations. You start to churn profits on the fourth year (best condition) to fifth year (worst condition). Backyard farming is simpler and they immediately earn profits because they are tethered and don't employ workers (family members are mostly taking care of the animals),  So if you're looking at commercial goat farming, you need to look at a minimum 10 years time horizon.

I'm now in the process of learning the accounting standards used in agriculture. This was brought upon by the increased business activity using plants to produce medicines such as Ascof/Lagundi. I'll be more than willing to share this.