QUOTE(M_century @ Nov 18 2014, 08:07 PM)
That farm of Rawang is the biggest player in Tilapia farming and leading distributor for CP Feed. However, I don't think they allow outsider to visit their farms unless you know the bosses personally. They should be accorded with utmost respect in Tilapia industry as they are one of the largest supplier in Tilapia. Or else the price would be much much higher without their supply. They have sacraficed much for the industry. However, I do advise you to be prudent in everything you see and plan to do.
Also don't forget to ask what's at the bottom of their pond, pond bottom is extremely important for Tilapia farming success. Get the idea of it, there are several ways to achieve the objective as well. The objectives are the same, technique may be different.
There are many who aspire to do well in Tilapia farming, many dreams and ambitions, way too many pretenders, but in the end too few survived, let alone succeed. I can say 9.5/10 farms are not profitable. Yes, we survived and succeeded after much hardship, but the major credit should go to my partner in this business.
I should not be saying this as I'm in this business and it's related supply chain, I should be much promoting the hype and encourage more people into this business. Then again, it's always my principles to be truly "Brutally Honest".
Also fact it that this is a very lucrative business because of the price, that also because of dwindling supplies and rising costs.
Besides sufficient capital, You need :
1) Very good attitude
2) Extreme patience and perseverance
3) Very good observation
4) High Curiosity and willingness to experiment to verify the answers rather than just blindly following. Every farms/Locations have different need and problems.
5) Very good man-management skills unless you are 100% hands on. I too believe that being a business owner, you should hands on, everything your labor is doing. Your worker would not do much the thinking part for you, so you need to be hands on in the beginning.
Be very prepared. and make the big money. Succeed where most fail will definitely make you big money. This business is not for everyone, not as easy as it seems in the beginning. It will be relaxing and rewarding in the end.
Sir,
You do sound like you know your stuff really well. Much thanks for your advice and views.
I heard of the rawang farm not long ago from a distributor, and was looking for ways to visit myself. I guess its only normal for them to keep their secret though.
When you speak about whats at the bottom of the pond, does this relate to concrete tanks too? Or did you mean for earthen ponds?
9.5/10??? Wow, thats really upsetting to hear. For me, i really think if given the right system, management and sufficient funds, there are profits to be made. But then that is only theoretical, because in reality there are so much more problems than rearing the fish itself - economy, marketing, sales, pricing, management, weather etcetc all makes a difference to your total yield. My biggest problem so far is the marketing and sales. Would you say that there are too many tilapia suppliers around and too few distributors/buyers? Or is it that i have not dug deep enough to find buyers? I have went online, wholesale markets, normal markets and etcetc, but i still have only around 5 distributors who provides transport but also arent that reliable. Promise to collect fish next week, but no show/give excuse cannot take the fish. Thinking of transporting fish myself now, so im not at their mercy.
Yes i am fully hands on, as we started without foreign workers. So we did everything ourselves, until the last 3 months where we finally got foreign workers to come in. However, i still have to lead the boys by example and also to show them the working pace that is accepted. So i still am hands on even with foreign workers in. Only by being hands on, i can understand more and get more ideas to improve. Ive gotten so dark nowadays, my indian friends are laughing at me. Lol! They be like "bro why u so black?". Haha
And i totally agree with you on your statement - succeeding whr most fail will definitely make big money!