they are reared for milk production.To start a cattle business, you have to:Your first step will be to strategise and develop a good business plan. Decide the number of the cattle you want to start with depending on your level of capitalisation.Thereafter, secure a good location, which is vital because all your investment depends on how good your location is. It should be a highly safe and secure location within a trustworthy community.
It is always good you secure a good land that can be conducive enough to accommodate the activities of your cattle. As a result of this, acres of spaces are needed. Moreover, you must acquire the necessary equipment that is needed to rear the animals. You will also need to build a fence around the location. The cows will also need shed to secure themselves when there is rain or excess sun.For your cattle rearing business in Nigeria, a minimum initial capital of N500,000 to N1 million would be reasonable to start up with, depending on the availability of cash.
Despite the lucrative nature of cattle business, it is not so common in other regions in Nigeria except in the North. A young medium sized cow or bull could be bought for N45,000 to N60,000 in the North. Rear it for a year or two and one could sell for N150,000 to N200,000. That is over a N100,000 gain on each cow.
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