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We need to be changing the water in the ponds, and because we don’t get a good power supply these days and the cost of fuel is on the high side, I am forced to spend so much on fuel to power my engine in other to pump water into the ponds.” “Due to these challenges, we are forced to increase the price of fish per kilo.
While some actions can negatively impact production, poultry farmers can consider diversifying their operations to include other livestock or crops to reduce their reliance on poultry and mitigate the impact of rising feed costs.
Implementing strategies to improve feed efficiency, such as using high-quality feed, can help farmers reduce feed costs per production unit.
During a recent interview at his farm, MrJimoh Ayinla,a seasoned poultry farmer inIgbeti,the headquarters of Olorunsogo Local Government Area, Oyo State, explained the challenges poultry farmers face due to the inflation rate in Nigeria.
Nigeria’s reliance on imported feed ingredients, such as soybeans, has made the poultry industry vulnerable to exchange rate fluctuations.
Government Support –Government policies and programs to support the poultry industry, such as subsidies or price controls for feed ingredients, can relieve farmers.
Sharing further his challenges, Emmanuel said,“Aside from the high cost of fishmeals, which has increased the cost of production, I am also faced with power supply issues.
The rising cost of poultry feeds in Nigeria presents a significant challenge for poultry farmers.
But now, I sell for those selling pepper soup at the rate of ₦2,800 and ₦3,000 per kg.” “I earnestly wish to get solar power to cut the cost of production.
The rising cost of poultry feeds has significantly impacted poultry farmers in Nigeria.
They attributed the rising cost of the protein to the high cost of transportation and the indiscriminate increase in feed prices by the millers.
You just do what is needed and leave everything to God.Once you do what is needed, you will see the results.” Another farmer,Mr Olatunbosun Emmanuel,who is into fish farming, expressed his worries about the current inflation rate and how theprice of petrolis causing a setback in his production and gains.
As the prices of essential feed ingredients like fishmeal, soybeans, and corn rise, fish farmers find it increasingly difficult to maintain profitability.
Also, the price of bags of corn and brown maize, which forms part of raw materials used in the production feeds for poultry use, has skyrocketed in the country.
[A visit to Emmanuel Olatunbosun’s fish farm [This is over 4kg of fish from Mr Olatunbosun’s farm.
So, that’s it.” “Everything, inasmuch as the government cannot address the increasing price of petrol, will be affected.
We spend much more on foreign feeds to breed the fish to at least 1 kilo,”says Emmanuel in response to related challenges he faces as the inflation rate increases.
Corn, soybeans, and wheat, which are essential components of poultry feed, have seen substantial price increases.
Additionally, the rising cost of living has made it more difficult for fish farmers to attract and retain skilled labour, which is crucial for successful fish farming practices.
The egg might not form if you didn’t use the correct composition for the feed.
2kg was sold to a customer at N3,000] One of the most pressing issues is the increased cost of feed, which constitutes a major portion of production expenses.
“The challenge we are facing here is that, let me say, months ago now, before this time, the price of our ingredients, I mean the feeds we buy, was not as high as it is now.
Once you reduce the quantity of feed that you give to your birds, definitely the farmer will feel it, because it will affect their production.
Interviewer: With this kind of business, it’s obvious that you cannot reduce the size of feed that you give to your birds.
The overall inflation rate in Nigeria has been on the rise, affecting the prices of various commodities, including feed ingredients.
It is worth noting also that as the poultry industry expands, the demand for feed ingredients grows.
[Video taken during a tour to Mr Jimoh Ayinla’s farm] Aside from the feeds, has the price of the vaccines also increased? Local Sourcing –Exploring local sources of feed ingredients can help reduce dependence on imports and potentially lower costs.
However, the sector has been grappling with a significant challenge: the escalating cost of poultry feeds.
Some have resorted to reducing their flock sizes or using lower-quality feed to cut costs, which can impact their production negatively.
“Despite the high cost, people still patronize fish from my farm..
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