The goat farming project cost in Bangladesh is important for determining the best goat farming project in Bangladesh. The following article is what you will learn about the cost of a goat farming project in Bangladesh. Goat farming projects economics in Bangladesh As with any business, a company that wishes to enter into goat farming can pay the total cost of starting a new farm, which includes all expenses for the first year plus an initial investment from your side.
The goat farming project cost in Bangladesh is not so high for people who know how to do it. They will find out which crops are suitable for this kind of farming and know how to keep the goats healthy, fed, and safe from any unexpected hazards. There are many ways in which goat farming can be done, but the best way is by taking advantage of fertilizers, food supplements, and plant protection tools that can be bought or developed using scientific methods.
Goat farming project cost in Bangladesh
To have a successful goat farming business, you should be sure to choose the best crop that can be used as feed for your goats. The best crops, in this case, will be food supplements and concentrates, because they are cheaper than other types of feed and they are also very good for the goat’s health.
Land and Infrastructure
The first step in starting a goat farming project is acquiring suitable land and setting up the necessary infrastructure. The cost of land can vary depending on the location and proximity to urban areas. A well-fenced plot of land with adequate space for grazing and shelter will be required. Additionally, constructing sheds, boundary walls, and other infrastructure facilities should be factored into the budget.
The selection of high-quality breeding stock is crucial for a successful goat farming business. The cost of purchasing goats will depend on factors such as breed, age, and health status. It is advisable to procure goats from reputable breeders or established markets to ensure healthy animals that are free from diseases. The number of goats to be purchased will vary according to the scale of the project and production targets.
Feeding and Nutrition
A major portion of the project cost is allocated to feeding and nutrition. Goats are ruminant animals with diverse dietary needs. Their diet should include a combination of roughage, concentrates, mineral supplements, and clean drinking water. The cost of fodder, such as grass, leaves, and crop residues, will depend on availability and seasonal variations. Additionally, investing in a balanced feed formulation can enhance the overall health and productivity of the goats.
Veterinary Care and Medications
Goats, like any other livestock, require proper veterinary care and regular health check-ups. Budgeting for veterinary services, vaccinations, deworming, and emergency treatments is essential to maintain the health and well-being of the herd. The cost of medications and vaccines may vary depending on the prevailing market prices.
Labor and Management
Goat farming requires dedicated labor for day-to-day operations, including feeding, cleaning, milking (if applicable), and general management. Depending on the scale of the project, you may need to hire skilled workers or employ family members. Allocating funds for salaries, wages, training, and labor-related expenses should be considered when estimating project costs.
Marketing and Sales
Developing a marketing strategy and building a network of potential buyers is crucial for generating revenue. Costs associated with marketing and sales activities, such as advertising, promotion, packaging, transportation, and distribution, should be factored into the budget. Building strong relationships with local markets, restaurants, and retailers can help ensure a steady demand and competitive pricing for your products.
In addition to the primary cost factors mentioned above, there will be miscellaneous expenses that need to be considered. These may include administrative costs, legal permits, insurance, electricity, water supply, waste management, and record-keeping. It is advisable to maintain a contingency fund to cover unforeseen expenses or emergencies.
All section and cost amount for 20 goats is below-
To start a farm with 1 to 20 goats projects first buying 20 ( 2-3 male and 17-18 female) goats cost 40,000 takes approximately. The cost for the purchase of your first set of 20 goats is around forty thousand takas, which will cover all expenses associated with starting a goat farming business.
Start-up costs for a 20-goat dairy farm in Bangladesh start at around 40,000 Bangladeshi Taka. The purchase price of your first set of goats will include all the expenses necessary to get started in this new endeavor
Costing chart for 1 year
|Housing cost||approx. 10,000 taka|
|Fencing||approx. 2000 taka|
|Veterinary medication||1000 to 2000 taka annually|
|Feeding cost||approx 20,000-30,000 taka/month (depending on the type of feed)|
|Equipment||1000 -2000 taka/year|
|Taxes/fees||approx. 420 taka/year|
Total cost for the year
So after the 1-year total cost is: 80,000-1,00000 taka. After 2 years the total cost is 160,000 – 200000 taka. The goat farming project cost in Bangladesh is not so high for people who know how to do it. They will find out which crops are suitable for this kind of farming and know how to keep the goats healthy, fed, and safe from any unexpected hazards.
There are many ways in which goat farming can be done, but the best way is by taking advantage of fertilizers, food supplements, and plant protection tools that can be bought or developed using scientific methods.
Income from a 20-goat dairy farm (2 years after starting the farm) in Bangladesh can range anywhere from eighteen thousand takas to two million takas per year, depending on the level of productivity achieved.
This income can be generated through the sale of kids, milk, and other dairy products, marginal rates associated with raising goats for meat or wool production, or even through tourist fees linked to seeing a working goat farm.
Kid’s birth per year
Per female given birth minimum of 6-8 kids per year. which will give you approx 100-120 kids who will birth on your farm per year. and after 2 years approx. 250-300 kids will birth on your farm. Need earning: only by selling 1-year age goat taka is 100*2000= 200000 takas.
So 250-300 new kids and old 20 goats extra on your farm. Will create earning Taka 200000-400000 per year. So total earning = 1,00000*20= 20000000 takas per year. 1,00000= 1 crore 20 lacs takas.
The benefit of The goat farming project in Bangladesh:
- Goat farming is the only source of income for poor people in many parts of Asia.
- Goat farming is an investment in the future of Bangladesh.
- 3 People who want to contribute to animal husbandry can make a good living from goat farming.
- The goat farming project cost in Bangladesh is not so high for people who know how to do it.
- Goats are resilient and hardy animals, which means that they are capable of withstanding drought conditions and extreme weather.
- Goats can survive on land which is not suitable for human habitation.
- Goats provide us with meat and milk.
- Goat meat is a healthy source of protein for consumers who want to avoid fatty meats such as beef, mutton, or pork.
The goat farming project cost in Bangladesh is not so high for people who know how to do it. They will find out which crops are suitable for this kind of farming and know how to keep the goats healthy, fed, and safe from any unexpected hazards. There are many ways in which goat farming can be done, but the best way is by taking advantage of food supplements.