Become a millionaire by farming

Farming is one of the livelihoods of the people of Bangladesh. We choose farming to meet our livelihood needs. ” Before you can become a millionaire you must learn to think like one. You must learn how to motivate yourself to counter fear with courage.”- Thomas J. Stanley. It is also important to dream of becoming a millionaire but if we can’t rise above the pursuit of livelihood then we can’t try to be a millionaire. Every person in this country wants to see themselves financially established. If the livelihood of the people of Bengal is the way to become a millionaire, then who would not want to be a millionaire? Because of our obstacles, we think that becoming a millionaire by farming is possible only in books, not in reality. Only if we manage our traditional livelihood in a scientific way with a little ingenuity we can really become financially established.

Is farming a profitable business in the context of Bangladesh?

   The population density of Bangladesh is increasing day by day so the graph of demand for food, clothing, and shelter of additional people is also going up. At the same time, Bangladesh has entered the category of developing country through competition with other countries. As a result, on the one hand, the industry is expanding and on the other hand, people are losing interest in agriculture. But the demand for food is not decreasing (  With a population of 160 million people in Bangladesh, 250 ml per day, the demand for milk maybe 4 crore liters. But at present only 22% of the demand is being produced in the country. As such, we are getting only 91 ml of milk per person per day. The lion’s share of the demand for milk as baby food has to be brought in at the expense of foreign exchange-   Agriculture Information service,2021 ). So it is possible to make a good profit by setting up a large scale farm on your own land or with a land lease. you have to choose farming types suitable for their unique local physical environment. You must also ensure that your product would sell in the local market.

 Classification of farming :

Generally, we can classify farming 2 ways  : 

   (1) Monoculture ; 

   (2) Mixed farming ; 

Monoculture

  Monoculture is the agricultural practice of growing a single crop, plant, or livestock species, variety, or breed in a field or farming system at a time(Wikipedia). Rice-based agriculture practice is an example of monoculture. 

Mixed farming  :

   Mixed farming is a type of farming that involves both the growing of crops and the raising of livestock. It is practiced more in our country. Although the government is trying to encourage people to take up family farming by taking initiatives like ” Ekti bari Ekti Khamar “, people are showing interest in mixed farming.

Monoculture practice ways and opportunities :

A. Cattle farm:

In the context of Bangladesh, cattle farming is a lucrative business. In our country, there is enough food for cattle. From the paddy produced by the farmers, straw and bran are available as by-products. So the hassle of farm cattle is less. From a cattle farm we can do business in three ways  : 

Selling Milk:

It is possible to become a millionaire by selling the milk obtained from improved breeds of cows. On average, it will cost 30-50 thousand taka to buy one cow. In addition, the higher the number of cows, the lower the cost. At present, people from various sweet shops and confectioneries in the city come directly to the farm to collect milk. On average, it is possible to sell milk from one cow for 4-5 thousand taka per month. Some data are mentioned below,

Name of breed Amount of milk per cow (Kg) Daily feed, maintenance, labor cost Profit on a daily basis
Sahiwal 25-30  500 875-1150 taka
Holstein Friesian 30 -40  600 1050-1600 taka
Australian cattle 15-20 400 425 – 700
Deshi cattle    1-3 40 15 – 45 

By selling calves or cattle:

There is a huge market for cattle in Bangladesh. The demand for beef or rearing cows is always on the rise. With proper care, a calf can be obtained from an adult cow every year. Here some data are given below :

Name of breed Time to rear  price
Deshi cattle  16-18 months  45,000- 50,000
Shahial 2-2.5 months  55,000- 60,000
Friesian 2.5-3 months 60,000- 70,000
cross / Australian  2.5-3 months  60, 000-70,000

  

 By producing biogas and organic fertilizer:

We can get biogas and organic fertilizers by using different types of waste that are not used on the farm. The demand for organic vegetables is increasing day by day so the demand for organic fertilizers is also increasing. The cost and production of a 105 cubic foot gas producing plant are given below  : 

List of costs and incomes    Amount 
Cost to build a biogas plant 14600 taka
Daily cost  2 taka
Daily utilities  35 taka

b. Goat farming:

It is possible to earn a good amount of money from a goat farm with very little space and little labor. Goats acquire calving capacity in 6-7 months. It is very popular among the farmers as it gives 2-3 kids at a time. A Khasi goat weighs 15-20 kg in 12-15 months. Goat meat is very tasty. So there is a lot of demand for goats in the market. In rural areas, goats are reared by tying or leaving them in the field, garden, or on the side of the road. Generally, no additional food is provided to the goats from home. During the rainy season, the farmer cuts the leaves of different trees and feeds the goats. so,  they have the least rearing cost. We can find two breeds of goat in Bangladesh : 

 (a) Black Bengal ;

 (b) Jamuna part ; 

Black Bengal is the most popular breed of goat. Because their disease is less, their meat is very tasty and their skin is expensive. Profit calculation is shown for 50 Black Bengal goats : 

No. of goat  rearing time  No. of cubs  The total amount of cost  Total earning  Profit 
1 year  4-6  6,600-7,000 12,000- 18,000 5,400-12,400
50 1 year  200 – 300 3,30,000- 3,50,000 6,00,000-9,00,000 2,70,000-5,50,000

C. Poultry farming:

The lack of animal meat is very evident in our country. Chicken or eggs may be a good option in this case. There is an estimated shortage account for 88.1% for meat and 70.7% for eggs in Bangladesh. Poultry farming is emerging as a profitable and promising agro-industry with very little investment in a very short period of time. There are different types of poultry farms such as meat farms, egg farms, breeding farms, breeder farms, chick farms, etc. But we see more of two types of poultry farms. E.g.

(1)Broiler farm: When you farm for meat production, it is called a broiler farm. In the case of broiler farms, chickens can be sold for meat  almost every 8 weeks. some data are given below : 

No. chicken  no. of weeks to rear amount of feed  total cost  total earning  profit
7-8  4 Kg  132 taka  280 tk (2kg)  148 taka

(2) Layer Farm:  If you farm for egg production, it is called a layer farm. An improved hen starts laying eggs at the age of six months and lays 200 to 250 eggs a year. This breed of hen lays eggs regularly for up to 100 weeks. Some related data are given below : 

No. of chicken  Amount of feed  total cost  No of eggs total earning profit
1 40-43 kg 1320- 1419 taka 200-250 1400-1750 80-260

It also produces 60-65% of food eggs or unfertilized eggs annually and 60-65% of hatched or fertilized eggs annually. About 30 kg of excrement can be obtained from each chicken per year. If you calculate the price of one kg of excrement for 15 takas, you can get 450 takas per year. Again, it is possible to make a financial profit by selling chickens that are incapable of producing eggs. 

d. Poultry ( duck) farm:

Many are now raising ducks commercially and succeeding. And to be successful you need to implement a proper plan. If ducks are reared in a free manner, they have to be fed at one time. In the pond where fish is cultured, ducks can also be farmed. 

Duck breeds are – 

  1. Meat production varieties: Peking, Ruel Kyuga, Aylesbury, Muscovy, and Swedish duck. All these ducks are famous for their meat production and the male duck weighs 5 kg and the female weighs up to 4 kg.
  2. varieties for egg production: Jinding breed duck and Indian runner duck. There are three types of Indian runner ducks – white, past and dotted. Annual egg production of Jinding averages 280-325 eggs.  Adults weigh 2-2.5 kg.
  3. Both meat and egg production varieties. Khaki Campbell ducks are the most popular for the production of both meat and eggs. These hybrid ducks are khaki in color or ash brown, hence the name khaki Campbell duck. Annual egg production of this breed averages 250-300 eggs. Adults weigh 2-2.5 kg.

Cost of production for Poultry( duck) farming : 

no. of duck no of eggs  amount of earning  amount of feed requires  cost  profit
1 250-300 3000- 3600tk 2 -2.5 kg  66-82 taka 2834-3518 taka

Mature ducks are sold 325 – 450 taka per duck depending on variety and their weight. 

e. Fish farming:

Fish is one of the sources of our animal protein. Fish play a significant role in providing employment, earning foreign exchange, and providing nutrition. Different species of fish can be farmed in the same pond, fish can be farmed in canals and ponds, and fish can be farmed in ponds and cages. Fish farming is the production of more fish than the natural products in a certain water body in a planned way with low capital, short time, and appropriate technology by following different rules of fish technology. 

   If we decided to go for mixed fish farming, from the day after the release of fish, supplementary food should be applied every morning and afternoon at the rate of 5-6% of the total body weight of the stored fish. For every 20 kg of fish, at least 1 kg of food must be applied. Once every 15 days or every 1 month, some fish should be caught by pulling the net and the average weight should be taken out and fed in proportion to the total weight. 

 Cost of Production of mixed fish farming  : 

weight of fish

 (Kg)

Amount of feds Frequency of feds apply

(2 times in a month)

Total feds required  Total cost for fed  price  profit 
1 kg  50 gm 7 months * 2 = 14   700 gm  31-32 taka 180-400 taka  139 – 368 taka

    Fish farming can be incorporated with ducks. This profitable business makes you a millionaire. 

f. Vegetable farming:

In our country, cultivation is usually done in the traditional way. Although the profit of this process is less, vegetable cultivation is not non-profit farming at all. We can do mixed vegetable cultivation to become a millionaire. As an example, if we cultivate brinjal and chili in one bigha land. Although it costs 20 to 25 thousand takas, 2400-4200 Kg of brinjal is produced per bigha. At the current market price, Per kg brinjal is being sold wholesale at 20 to 25 taka. If you cultivate pepper with brinjal. you get some extra income. If chili can be planted in the gaps between the eggplants, it will produce 280-320 kg of green chilies per bigha. Its market value is at least 9 to 10 thousand takas.  The total value of products is (48+10) 58 thousand. That means we get the profit of 38 – 33 thousand taka from 1 bigha land. 

Opportunities for farming:

Bangladesh is an overpopulated country. The number of unemployed is 26 lakh: BBS.  25% of youth are unemployed: ILO.  It is a big challenge for a country to employ so many people. If a person tries to earn through farming, he can change his destiny and get rid of the curse of unemployment. The government has launched many programs like ” Ekti Bari, Ekti Khamar ” to encourage the youth and provide various training to the youth. Farming not only improves ourselves but also plays a key role in meeting our food needs and increasing GDP.

           

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