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The livestock feed production industry has been largely promoted as one of the most profitable agribusinesses to venture into. This is because the producer does not undergo the risk and high costs of raising farm animals, which could usually cost a lot of money to run, probably get sick, or even worse.

Africa, especially Nigeria, has a major impact in the worldwide production and distribution of livestock feed. In 2016 for instance, the Nigerian animal feed sector was rated the 40th largest in the world, which is 11 steps ahead of its position in the previous years. This shows that Nigerian farmers are quickly getting involved in the sector, because of the opportunities that abound in it.

About 1 billion tonnes of animal feed is sold worldwide, whereas Nigeria alone was estimated to have produced approximately 3.8 million metric tons of animal feed in 2014 alone. The Nigerian Institute of Animal Science statistics also shows that Nigeria hit 5.3 million metric tonnes (MT) of animal feed in 2015, as it produced 3.2 million metric tonnes (MMT) of egg, 1.1 million metric tonnes (MMT) of chicken meat, 647,750 metric tonnes of aquaculture, 265,000 metric tonnes of pork, 53,000 metric tonnes of milk, and 41,250 metric tonnes of beef, amongst others.

This figure has grown steadily over the years, with the country experiencing leaps in the worldwide ranking of livestock feed producers, especially in the area of fish farming (aquaculture).

What Is Livestock Feed Production About?

Livestock feed production is the manufacturing of animal feed like poultry or chicken feed, cattle feed, goat feed, dog food, bird food, and several other types, with raw agricultural ingredients like corn, wheat, sorghum, forage, vitamins, additives and minerals, and formulates them into a nutritious feed tailored for a production animal’s specific dietary needs.

Facts And Benefits Of Livestock Feed Production 

1). Serves as a great protein source for animals.

2). A source of employment.

3). Can be cheap to produce.

4). The raw materials can be locally sourced.

5). Machinery can be locally fabricated at an affordable cost.

6). The market is growing rapidly every year.

Challenges Of Livestock Feed Production

The challenges of livestock feed production mostly ranges between these listed below:

1). Lack of experience.

2). High cost of production.

3). Low consumer purchasing power.

4). Lack of subsidy for local agricultural production.

5). Poorly managed supply chain.

6). Spoilage of raw materials.

7). Poor processing and storage materials.

Source: startuptipsdaily