Fish farming is an ideal business idea for investors with available land, and it doesn’t always require a large body of water. You can start a fish farm either by creating fish ponds or investing in fish tanks; it’s a highly scalable business idea. Once you have the proper knowledge of fish raising, you will be able to decide the type of fish to raise. According to FinModelsLab, a well-run fish farm can produce a return on investment (ROI) of 15% to 40% annually, with many fish farmers achieving a full return on their investment within three to five years.
Fish such as tilapia, cod, trout, and catfish are popular because they are easy to raise and in high demand. Small-scale farms are the usual suppliers of fish in their local supermarkets and restaurants.
Other popular varieties of commercially-raised fish include:
- Yellow Perch
- Eel
- Grass Carp
- Tuna
- Salmon
Not all fish are raised for food. Goldfish and koi are popular fish to farm as well. For non-food fish, focus on cultivating premium species that will fetch a higher price when you sell. Whether you are raising fish for food or not, adopting sustainable farming practices will be better for both your business branding and your long-term operational costs.
The decision as to which fish you want to raise will ultimately rely on your skill, financial capacity, market demand, and agro-climatic condition. This refers to the normal soil types, rainfall, temperature, and water availability that affect the type of vegetation in the area.
