Koi Farming: A Lucrative Source of Money
Of the various species of fish that people keep for pets and as decorative additions to their house and home, koi is one of the more popular. Even with backyard koi ponds first being popular in Japan, homes in North America are reaping the benefits of having a beautiful koi garden well stocked with beautiful and healthy koi. Koi farming in a sense can be seen as a lucrative business today. If you love fish and want to turn your passion and hobby into something that makes money, this is one way for you to go about making extra income.
There are four aspects you have to look into before setting off on the endeavor to start a fish farm and these are location, funds, risks and benefits. fish farming needs a large source of water for your ponds and you also need a good amount of clay soil to make your farm pond. If you have a large piece of land you're doing nothing with it, you can look into ways of stocking it up with water or where you can get a constant stream of water.
As for the funds, you might like to get a partner before you start setting up this kind of business .. If you do not want to work with anyone, a financial backer would have been enough to help you with the costs of establishing your farm . An average middle class income just is not sufficient to provide the funds and meet the expenses of constructing a koi farm. Even if you get funds from savings or mortgaging your second home, it might not be enough. You also stand being rejected if you ask for loans or grants from banks or other financial institutions. A partner will provide a more or less steady stream of funds.
The main risks people who strive in koi farming run into is poor koi genetics. There are other risks but if genetics is what you're dealing with, you might be looking at sickly koi or koi that is not as beautiful as it's supposed to be. You might have koi that only has a few patterns or the colors that are not as intense as people are looking for. If you also have competition in your area, you can run into trouble with your koi farm. What if cash flow stops in your business, what then?
With the benefits of koi farming, there are also a great many rewards from the process. Starting up your koi farm can be rocky with the high expenses of constructing a koi farm, getting a large supply of water and so on. But once you've got yourself established, you do not have to worry about running costs. Koi will lay several thousand of eggs during spawning and you can easily help all of them live by providing them with still conclusive waters. As for koi tolerance to climate change and water change, these fish have a very high acceptance to a new environment. If you think you have what it takes, you can make money from putting up a koi farm.
