If you want to get your return of investment (ROI) fast in the poultry business, then broiler is the right bird for you, and it does not cost much to start up. Broilers are mainly rear for meat production, which take a minimum of 6 weeks to get to a marketable size with weights between 1.5kg to 3kg.
At 2013, the Nigeria, poultry industry was estimated to produce 290,000 metric tonnes of meat, and the local demand for frozen chicken is about 2 million metric tonnes leaving a wide gap of more than 1.7 million metric tonnes.
So, why don’t you fill a bit of that gap and make huge money for yourself? Of course, I know you want to, or else you will not be reading this post right now.
However, most beginners find it difficult to start unless they have an idea or estimate of what they need. So, in this post, I am going to give you a current estimated cost for rearing 100 broilers in Nigeria with the profit amount.
Let's assume you have a structure already in place manpower, and labor will be done by you and your family.
These are the key expenses:
1. 100-day old chicks (DOC) at ₦500 =₦ 50,000
2. 1 piece of 1 plywood for making brooder = ₦1,900
3. 1 bag of charcoal for heating the brooder = ₦7,000
4. 1 charcoal burner (Jiko) = ₦3,000
The table below feed showed the age, expected body weight, and cumulative feed intake for male and female broilers.
We shall use it to estimate the quantity of feed 100 broiler chicks will consume at various weeks.
Some farmers give their broiler grower, but I don’t give mine grower mash. I only give starter mash for 4 weeks, then finisher till marketable size at 6 to 8 weeks.
So, from the table;
At 4 weeks a bird will consume between 2020g for male and 1825g for female.
Average = (2020 + 1825)g/2 =1922.5g
1 chick feed
1922.5g of starter mash at 4 weeks
100 chicks feed 192250g of starter mash at 4 weeks
1000g = 1kg
Therefore 192250g =192.25kg
25kg =I bag=₦7,300
192.25kg =7.69 bags =₦ 56,137
So, for the first 4 weeks, 100 broilers will consume 7.69 bags of starter mash worth ₦56,137
From the table above, the cumulative feed for male and female broiler at week 8 is 7400g and 6800 respectively
Average = (7400 + 6800)g/2= 7100g
Cumulative feed intake from 5 to 8 weeks = cumulative feed intake at 8 weeks minus (-) cumulative feed intake at 4 weeks (7100 – 1922.5)g = 5177.5g
1 broiler chicken will feed 5177.5g from 5 to 8 weeks
100 broiler chickens will feed 517750g from 5 to 8 weeks
1000g = 1kg
25kg = 1 bag = ₦ 7,600
100 broiler chickens will consume 20.71 bags of finisher at ₦157,396
Total cost for feed =( 56,137 + 157,396) ₦ = ₦213,533
Vaccine in totality = (2,160 + 870)₦ = ₦3,030
Total Vitamin and Antibiotics =(4,000 + 3,600 + 4000 + 800) ₦ = ₦12,400
Kindly note that here I mean a tube feeder.
They have a ratio of 1: 10
Total = (8,500 + 3000 + 2000) ₦ = ₦13, 500
Total Cost = (DOT + Plywood + Charcoal + Charcoal burner + Starter feed + Finisher feed + Vaccine + Vitamin and Antibiotics + Feeder , Drinker , and Wood shavings)
Kindly note that these are the major costs. The majority are capital costs, meaning they shall not be incurred in subsequent production.
In total, you need at least ₦304,363 to rear 100 broiler chicks for 8 weeks.
You do not need all this cash at a go to start a broiler farm, maybe you even need a quarter to start. Start now!
Modern broiler farm
To get the profit amount you have to get the cost of rearing one bird. To get this you divide the total cost by the total number of chicks =₦ 304,363/100 =₦3,043.63
Therefore, the cost of rearing one bird is ₦2223.5
Next, is to decide how much profit you should add to your cost per bird. To do this, without getting stranded in the course of selling your bird, you have to know the market prices of various sizes/weights of broiler chickens in the market.
Last year December, the market price (in my area) of birds between 2kg and 3kg at week was sold as follow;
Average Price = 4500 + 4000 +5500 + 6000/4 =₦5000
Since the ideal market price is ₦5000, So let's assume you will sell your bird between ₦ 4500 and ₦6000
Your average price will be 4500 +6000/2 =₦5,250
So, you will be selling one bird @ ₦5,250
The two birds were sold for #3,500 each at 2.9kg at 7 weeks
Remember not all birds will survive to week 8. Therefore, cumulative mortality at week 8 is assumed to be 4% when all factors are held optimum. Thus cumulative mortality shall be
100 x4/100 = 4
Total surviving birds =100-4 = 96
Total sales= ₦5250 x96 = ₦504,000
(504,000 – 304.363)₦ =₦ 199,637
The amount is pretty cool as a profit for just two months. Imagine if you have enough capital, and you increased the number of your birds to 500 or 1000 you will make about ₦1, 000, 000 to ₦5,000,000 in two months.
Nevertheless, you can get to that level with good saving, management, marketing, and reinvesting strategies. It is just a matter of time you will see your flock expanding to thousands.
Frequently Asked Question (FAQ)
How many bags of feed will 100 broilers consume?
From our calculation above, 100 broilers will consume 8 bags approximately for the first 4 weeks, and consume 20 bags approximately from week 5 to week 8. Giving us a total of 28 bags
100 broilers will consume approximately 28 bags in 8 weeks.
How long does it take a broiler to mature?
The maturity of broilers depends on so many factors including breed, gender, management, etc. But if everything is kept at optimum, the broiler will get mature from 6 weeks upwards. But the market size is between 6 to 8 weeks. Keeping the broiler beyond 8 weeks will incur expenses.
Cost of full-grown broiler in Nigeria
Live weight broiler reared for 7 or 8 weeks is sold for ₦ 4500 to ₦ 6000 depending on the size/weight or gender. Male is costlier than female in general. If you are selling frozen chicken in the kilo, a kilo is sold for 2,500 nairas (sometimes five dollars).