Brief Overview of Squirrel Farming Business in Nigeria

Squirrel farming is one of the newest farming business in Nigeria. They are very easy to rear because they are mostly disease resistant and really sturdy, and as a result, they are very simple for you to raise. Agricultural business in Nigeria has been increasing recently and the returns are really massive. Squirrels do not need much attention. Also, their feeding does not come with much difficulty. They consume more of vegetables and fruits which can be got from the bush.

There are more than 200 types of squirrels. The majority of them can be divided by their technique of travel, including ground squirrels, tree squirrels, and flying squirrels.

The main aim of this write-up is to provide you with the required information and assistance to be successful in your squirrel farming business. So, if you are aiming to startup a poultry farming business in Nigeria, squirrel farming is a great endeavor. It is about time you began thinking about this business as it comes with lots of financial benefits, unlike various other poultry birds.

Potentials of Squirrel Farming Business in Nigeria

Squirrels breed one or two times yearly. They have a gestation period of 3 to 6 weeks, however it depends on the particular species. They can mate as early as a year old, ultimately having two litters of young. Among the litters is typically born at the end of spring, while the various other is born at the end of summertime.

Squirrel farming business does not require substantial amount of money to start with, unlike other animal farming like poultry, fish, pig, and so on. Squirrels are mainly herbivorous, eating seeds, nuts, fruit, and fungi. When they have to complete their diet, they will look for the eggs of various other animals for an omnivorous diet. They are not avid predators, however they likewise will look for insects and various other invertebrates that will give the protein that they require. Diseases that kill squirrels are very rare when compared with that of other farm animals.

Step By Step to Beginning a Squirrel Farming Business in Nigeria

The following are the steps of starting a squirrel farming business; Decide Which Species of Squirrel to Farm

When building a squirrel farm, you will need to make use of a single species of squirrel. Based on my observation of ground squirrels are the very best for warm climate environments like Africa.

1. Build a Squirrel Housing Your squirrel housing should have sufficient space for your squirrels to roam easily. Congesting your squirrel housing hinders their growth and therefore must be prevented. A spacious squirrel housing lowers the risk of disease outbreak triggered by congestion. Squirrels do not like to stay in one place and therefore, you must make provision for them to be about to roam around in their squirrel housing.
2. Buy Your Squirrels If you wish to begin a squirrel farm, you will have to get squirrels. After setting-up appropriate housing and farmland for the squirrels, then, proceed to buy some fresh high quality squirrels from a reputable farm to be sure you will be given the very best of squirrels. It is usually ideal to have the ability to analyze the squirrels before you purchase them to ensure that you recognize they are healthy.
3. Taking Care of the Squirrels Squirrels are herbivorous and can be fed with wide varieties of foods such as cabbage, carrot, garden egg, cucumber, mango, banana, guava, pear, tomato and paw-paw, cassava, okra leaves or lettuce. Nevertheless, you can also feed squirrels with pineapple, banana or pawpaw. Mating is an essential part of squirrel farming. Generally, squirrels give birth at the end of spring, while the various other are born at the end of summertime.
4. Marketing of the Squirrels It is not economically a good idea to harvest your squirrels before its maturity, it needs to be mature before harvesting. Do not sell all your squirrels at the same time. It is good to always keep few for reproduction and to serve as base stock for your squirrel farm. Squirrel has great market demand and price because they are very protaineous in nature. You can conveniently sell the squirrels in the neighborhood and local market.

Overview of The Template

The Template gives concrete financial plan and projections for setting up a Squirrel Farming buisness. Real business insights are included in this financial template to attract investors, grants and loans to make the business concern a reality.

The excel template is easy to use and modify. Current Real life prices were used in drafting this template by our team of seasoned accountants and financial analysts. The template is suitable for small and emerging businesses who see themselves giants in the various industries in 5 years time.

Features

1. Comprehensive Income Statement (Trading, Profit & Loss Account)
2. Statement of Financial Position (Balance Sheet)
3. Cashflow Statements

Use Scenarios

This excel template is most suitable for the following:

1. Promoters of existing and New Start-up Businesses that need funding in form of grants,loans,partnerships etc. from governement agencies and venture capitalists.
2. Business and Financial Analysts working on viability and feasibility of a Squirrel Farming business in Nigeria.
3. Business Administration and Entrepreneurship students who need a comprehensive financial plan for a Business Plan.
4. Investors and Venture Capitalist who need financial analysis of the Squirrel Farming business for informed decision making.
5. Entrepreneurs who need expansion ideas for their businesses.