Starting a bee farm is most peoples dream but the challenge most people face is to seat down and come up with the cost of starting one.
In this brief article I will be writing on cost of starting a 10 Hive Bee Farm in Nigeria. The article contains break downs of materials you will be needing, their quantity, unit cost and total cost inclusive.
The best part of it all is that I offer all the service written there in. also its best to know that you can use this as a mini business plan to start and forecast where your enterprise is leading to.
The below analysis is the breakdown of the cost of starting a 10 hive capacity bee farm in Nigeria.
If you can check the calculation excludes logistics because that’s a variable cost and its price can’t be estimated and ascertain instantaneously.
1. BEE HIVES – 10
2. ATTRACTANT – IKG
3. TRAINING – 20,000
4. BEE SUIT – 1
5. BEE KEEPER GLOVES – 1 SET
5. BOOT – 1 SET
6. BEE SMOKER – 1
7. KNIFE AND CUTLASS – 1 EACH
The following are subject to change due to market factors.
What is needed to Start the Farm
All the materials listed above are not needed at once to set up the bee farm. What you need to start the farm are Hives in Nigeria, attractant and basic training to know how to handle the farm and this give us a total of N85,000.
While the bee suit is needed once bees start living in the hives. You need it as protective clothing while going to inspect the hives to see the production of the bees and to see if the hives are set for harvest, this will also need glove and boot to complement it and this will cost a total of N24,000.
The smoker is also needed during inspection but it serves better during harvest in order to calm down the bees and prevent them from disturbing you during harvest.
Lest we forget you will need a knife to cut out the honey comb and a cutlass to clear your path if the places where the hives are kept are bushy. These will also give you a total of N8,500.
NOTE: most of the equipment you bought when you start your bee farm is what you will use throughout the farming time except you decide to change any due to damage or misplacement. Bee farming is a onetime investment.
Cash Flow from Bee Farming Within the First Three Years
Our focus is on 10 hives. For the first year of installation let’s assume only 6 hives colonizes: “meaning it attract bees and they lives in”. Within after six month we should expect the first harvest.
No. of Harvest
5 hives – 50 liters
50*2000 = 100,000
5 hives – 100 liters
100*2000 = 200,000
10 hives – 200 liters
200*2000 = 400,000
Above is just an estimate of what you should expect on the average from your bee farm if you decide to sale at N2,000 for at retail but honey sell between N2,500 – N3,000 for retail price at present.
Within the first year of investment you should recover back your money if you keep tab of every cash inflow and cash out flow.
Consult me for setup your bee farm with easy.