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    Feasibility Study of A Two Years Turkey Farm

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    goodboyvhicky16
    This feasibility study examines raising 20 male turkeys over two years. It estimates expenses of fixed assets like feeders and drinkers of N56,500 which is divided over four batches. Variable costs per batch are estimated at N286,550 including costs of birds, feed, and medications. Total estimated expenses per batch are N300,675. Estimated income per batch is N475,000 from selling 19 birds at N25,000 each after 5% mortality. The estimated profit per batch is N174,325. Over four batches in two years, the total estimated profit is N697,300.

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    Feasibility Study of A Two Years Turkey Farm

    Uploaded by

    goodboyvhicky16
    394 views2 pages
    This feasibility study examines raising 20 male turkeys over two years. It estimates expenses of fixed assets like feeders and drinkers of N56,500 which is divided over four batches. Variable costs per batch are estimated at N286,550 including costs of birds, feed, and medications. Total estimated expenses per batch are N300,675. Estimated income per batch is N475,000 from selling 19 birds at N25,000 each after 5% mortality. The estimated profit per batch is N174,325. Over four batches in two years, the total estimated profit is N697,300.

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    Feasibility Study of a Two Years Turkey Farm

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    This feasibility study examines raising 20 male turkeys over two years. It estimates expenses of fixed assets like feeders and drinkers of N56,500 which is divided over four batches. Variable costs per batch are estimated at N286,550 including costs of birds, feed, and medications. Total estimated expenses per batch are N300,675. Estimated income per batch is N475,000 from selling 19 birds at N25,000 each after 5% mortality. The estimated profit per batch is N174,325. Over four batches in two years, the total estimated profit is N697,300.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    394 views2 pages

    Feasibility Study of A Two Years Turkey Farm

    Uploaded by

    goodboyvhicky16
    This feasibility study examines raising 20 male turkeys over two years. It estimates expenses of fixed assets like feeders and drinkers of N56,500 which is divided over four batches. Variable costs per batch are estimated at N286,550 including costs of birds, feed, and medications. Total estimated expenses per batch are N300,675. Estimated income per batch is N475,000 from selling 19 birds at N25,000 each after 5% mortality. The estimated profit per batch is N174,325. Over four batches in two years, the total estimated profit is N697,300.

    Copyright:

    © All Rights Reserved
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    of 2

    FEASIBILITY STUDY OF A TWO YEARS TURKEY FARM

    INTRODUCTION
    Poultry production is a fast-growing business in Nigeria today because it caters directly for the most
    relevant human need – food. The major purposes for poultry are for egg and meat production. This
    proposal will focus on turkey production and its marketability, with details of expenses and profit that
    could be made if properly handled.

    TURKEY PRODUCTION
    Turkey has been found to be very profitable over the years. Turkey production could either be for meat
    production, brooding production or breeding production. For meat production, the turkey birds will last
    for a period of 22 – 24 weeks before attaining full maturity and suitable for meat. This feasibility study
    will focus on raising twenty (20) male turkeys for the first two year of production. The turkeys will be
    raised at least twice in a year, considering time taken to raise them to full maturity.
    EXPENSES:
    Fixed Assets;
    Adult drinkers (5) N5,000
    Adult feeders (5) N5,000
    Chick drinkers (5) N5,000
    Chick feeders (5) N5,000
    Coal Pot N1,000
    Drums (2) N20,000
    Tarpulin for brooding N8,000
    Weighing scale N7,500
    TOTAL FIXED ASSETS N56,500
    Variable Assets;
    Cost of bird (20) N80,000 (@N4,000 per bird)
    Feed N163,000
    Medication;
    Vitamins N3,000
    Lasota (3) N3,000
    Antibiotic (1) N1,500
    Fowl pox vaccine (1) N1,000
    Fowl cholera vaccine (1) N5,000
    Charcoal N4,000
    Miscellaneous N26,050 (10% of total cost)
    TOTAL VARIABLE ASSETS N286,550

    For the two years analysis, fixed assets which would be bought once and used throughout and will
    therefore be divided by four (which is the number of times the birds will be raised). The result will be
    added to the total variable assets to give us the total expenses.
    N56,500 divided by 4 = N14,125
    TOTAL EXPENSES = N14,125 + N286,550
    = N300,675.00

    INCOME:
    Total quantity of birds sold at maturity = 19 birds (after 5% mortality)
    Cost of live turkey = N25,000
    TOTAL INCOME = N25,000 x 19birds
    = N475,000.00

    PROFIT:
    TOTAL INCOME – TOTAL EXPENSES = TOTAL PROFIT
    N475,000.00 – N300,675.00 = N174,325.00
    To then calculate the profit for the two years, the profit per batch will be multiplied by four which is the
    number of times the turkey was raised.
    The total profit for this feasibility will therefore be N174,325.00 x 4 = N697,300.00

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