The Practice of Animal Husbandry
This session spotlights best practices to adopt, key business strategies to employ and possible challenges faced in the animal husbandry value chain, providing insight to participants on the pathways to success in animal husbandry-type businesses
About the session
Livestock farming in Nigeria includes the rearing of pigs, snails, cattle, goats, rabbits, chickens and other sub-niches. It is a very profitable industry, and its development depends on two major factors: raw materials and technologies used in production. According to Food and Agriculture Organization, around 60 to 70% more food will have to be produced in the next 35 years, as a result, both of population growth and rising incomes.
Livestock farming has contributed a substantial proportion to meat supply and it forms an integral part of the Nigerian economy as it generates good money and income. It contributes largely to the food supply of both rural and urban areas, providing animal proteins like milk, eggs, and meat. The livestock farming business is lucrative and promising in Nigeria - whatever aspect of it is chosen. The livestock industry in Nigeria is worth at least N30 trillion and could be valued at least N50 trillion over the next decade if all the right structures are put in place.
However, as Nigeria struggles to advance in animal production many factors militate against animal production in the country despite the numerous advantages and profit it provides.
In this session, livestock experts dig deep into their wealth of experience and provide the audience with detailed contexts on the best practices/strategies to employ and how to overcome the challenges faced in the livestock value chain.
Key take-aways from the session
- Identify the best practices/strategies for growing a profitable livestock business
- Identify the common challenges in the value chain and understand the best ways to implement solutions.
What is covered?
In this technical session, a moderator engages expert panellists on the best practices to adopt, key business strategies to employ and possible challenges faced in the value chain – based on their personal experiences. The moderator asks a series of questions to spotlight important talking points along the value chain and sustains the conversation with follow-up questions from the conversations. The talking points are divided into 5 major sections highlighted below.
- How can one raise finance for growth in his livestock business or other parts of the animal husbandry sector (opportunity available to raise finance)?
- What are the steps one would take to raise finance for scaling one's business in his livestock business or other parts of the animal husbandry sector?
- How long does the process take to raise funds – How can one make it faster?
- What is the best production technique/strategy for maximum productivity as regards livestock or other practices in the animal husbandry sector?
- What are the most common and demeaning challenges you have faced in your business journey in the Nigerian Agricultural ecosystem - How did you overcome these challenges?
- As a piece of advice to younger agribusiness entrepreneurs, what route will you advise them to take to become profitable and successful in their agribusiness (livestock) far faster than you did?
- Which markets in the livestock business or other parts of the animal husbandry sector have the highest opportunity to make the maximum profit from production output?
- What are the best techniques for product positioning in the livestock and animal husbandry sector to gain maximum profit for one's products (what is the best time to sell and to whom)?
- How does one continuously identify better entry points into new markets in the livestock business or other parts of the animal husbandry sector in the agric field in Nigeria?
- How does one effectively Brand and network all products in the livestock or animal husbandry industry to be able to become a market leader?
- How can one build a profitable relationship for brand growth with market industry leaders?
- What criteria are needed to get a registered agribusiness in Nigeria with other relevant and necessary certifications?
- How do I locate, approach and form a profitable partnership with companies abroad who need my goods?
Wed, 28 Sep, 2022
09:00hrs, GMT + 1
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