Goat Farming Business Plan for Beginners

A good business plan makes the whole process run according to a plan, and it is a must for successfully operating any business. Goat farming is not an exception, and you need to make a good business plan for running your business successfully.  If you are a beginner, you have to make a good and effective goat farming business plan, and work accordingly to the plan for operating a successful goat farm.

Commercial goat farming business has already proven itself as a profitable venture. So, it's very necessary to make a good goat farming business plan before starting this business. You can consult with an expert in your area, if you don't have enough idea about the process.

Starting a goat farming business generally require less capital and investment, compared to starting other livestock farming business. Although, you have to make a clear and update plan, before investing in this business. Because, without proper planning, you have the chances to loss.

If you can operate your goat farming business through a proper plan, you will definitely be able to make good profit from this business. You can start with a very little investment, and expand your business gradually. Compared to many other livestock farming business, the goat farming business has great return on invest (ROI) ratio. And you will be able to expand your business within a very short period of time if you can follow an effective goat farming business plan.

Goat Farming Business Plan for Beginners

Commercial goat farming business is gaining popularity day by day. Less investment, good demand of the goat products and high profit within a very short period of time are the main reasons for increasing popularity of this business.

If you are a beginner and want to start this business commercially, then try to learn more about this business practically. You can visit some existing goat farms within your area, or obtain practical knowledge from the goat farming training program held by the government or private organizations. Such training will not only help you to start the business, but also will help you to run your business successfully.

As a beginner, you should consult with some expert for having practical suggestions and recommendations. An experienced goat farmer will also be able to help you for making an effective business plan. You will also be able to learn more about the advantages and disadvantages of this business from an expert. And all these will definitely help you to run your business successfully.

Before starting commercial goat farming business, you have to determine your production purpose first (you need to determine which goat products you are going to produce from your farm). You have to keep in mind the feeding and housing facilities and costs. Keeping records of breeding, vaccination and other health caring tasks are also mandatory. You also need to consider the marketing strategies while making your goat farming business plan. However, here we are describing more about the factors that you need to consider while making your goat farming business plan, especially for the beginners.

Selecting Products

First of all, you have to determine the goat products that you want to produce from your farm. Goats are multi-purpose animals, and they are raised for producing different types of products. They are generally raised for producing meat, milk, fiber and skin.

Visit some of your nearest markets, and try to understand which goat products have good demand in the market. And you should focus producing the product which has good market demand and value in your area.

For example, if goat meat has high demand and value in your local market and you can sell the goats easily for slaughtering, then you should consider starting meat goat farming business. But if you produce such products that have less market demand and value, then you are going to face losses instead of making profit.

We recommend determining the market demand and marketing strategies, before planning and starting this business. And you must have to consider this while making your goat farming business plan.

Select Quality Breeds

There are hundreds of different goat breeds available throughout the world. Some of these breeds are good for meat production, some are good for milk. And there are some breeds which are good for both meat and milk production. Some breeds are good for fiber production, while some breeds produce high quality skin. But you should consider your production purpose and select good breeds for that purpose.
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If you plan for producing meat, then you have to choose the highly productive meat goat breeds. Some highly productive meat goat breeds are Boer, Black Bengal, Sirohi, Sojat, Osmanabadi, Spanish, Rangeland, Kalahari, Nubian, Kiko, Verata, Myotonic etc.

In case of starting dairy goat farming business, you have to select any of the good milk producing goat breeds. Some world famous and popular dairy goat breeds are Alpine, Toggenburg, Saanen, Nubian, LaMancha, Jamunapari, Barbari, Nigerian Dwarf, Oberhasli, Guernsey, Sable etc.

But if you have better facilities for marketing both meat and milk, then you have to choose the dual-purpose goat breeds which are good for both meat and milk production. Kinder, Nubian, Sirohi, Nigerian dwarf, Pygmy etc. are considered as best dual-purpose goat breeds.

Angora, Cashmere, Pygora and Nigora goats are good for fiber production. And there are some other goat breeds which are good for skin production. By the way, you have to consider the availability of the selected breeds in your area, while selecting the goat breeds. Also consider, whether the selected breed can adapt to your local climate.

Make a Good Shelter

You have to make a good shelter for your goats for keeping them safe. A good house not only keep the goats safe from predators and other danger, but also provide them shelter during adverse weather conditions. Ensure good ventilation and other essential facilities inside the house.

You should ensure enough space per goat inside the house. Depending on the breed, a mature goat generally require 10-15 square feet space inside the house. Consider building separate room for the breeding bucks, pregnant does and also for the nursing does.

Clean the house on a regular basis. Keeping the house clean helps to keep the goats free from many diseases and other health related problems. Building a house for your goats will cost you much (depending on the housing system). But it's one time investment, and you can use the house for many years.

Feeding Your Goats

Feeding your goats with quality feeds is the most important part that you need to consider while making your goat farming business plan. Costs in this part are higher than any other sectors of this business.

If you have enough land, then you can consider the pasture feeding system. The goats which are raised in pasture feeding system, generally make good quality products. But in case if you don't have enough land, then consider raising your goats in stall fed system.

Greens, hay and grains are required for goats. Although the goats generally eat almost everything including all types of corn, crop, grass and leaves. But they also require supplementary feeds for staying healthy and productive. And you need to provide them special feeds for different types of production purpose. Consider reading guide for feeding meat goats and also the guide for feeding dairy goats.

Quality supplementary feeds not only help to keep the animals healthy, but it also increases production and quality of the products. Along with adequate feeds, always ensure availability of sufficient amount of clean and fresh water for your goats.

Caring for Goats

Goats are naturally hardy and strong animals. But they require some special care and management for maximum production. You need to vaccinate your goats timely and monitor their health on a regular basis. De-worm and de-lice them regularly. Regular grooming is also a part of goat caring. Keep contact with a vet in your area, so that you can call him/her if you notice any diseases or sickness in your animals.

Keeping Records

Keeping records of everything is always good. Try to keep records of the expenditure (feeding, housing, medicines etc.), and income. Also keep records of breeding, and other management.

These are the common factors that you need to consider while making your goat farming business plan. Before making business plan and starting the business, consider your budget or availability of the funds. And determine the number of goats depending on your budget. You can expect good profit from your farm if you do everything according to the plan. God bless you!

Goat Farming Business Plan for Beginners Goat Farming Business Plan for Beginners Reviewed by Tanmay Roy on June 10, 2018 Rating: 5