Do you want to start a farm with peacocks? If YES, here is a comprehensive guide with no money and no experience on how to start a successful peacock farming business.
If you are interested in moving into a green and very promising poultry farming company, then you should consider starting a peacock cum peafowl farming business. Peacock farming is maybe one of the latest and less competitive farming businesses related to birds that an entrepreneur can launch, but that does not rule out the fact that it can be difficult sometimes.
You need to learn the process of helping your peafowl lay and hatch their eggs to maximise profits for your peacock farming business, and then groom their young ones to maturity. They will take part in circus shows and similar games for animals if peacocks are well-groomed.
It will pay you to carry out your due diligence before launching this kind of business as it relates to market research, economic and cost analysis and, of course, feasibility studies. Before you start your peacock farming business, if you get things right, then it won’t take you long before you break even and start smiling at the bank.
From a small town in the United States, you can start your peacock farming company, and if you are patient, it won’t be too long before your business becomes a nationally recognised business.
Starting a Peacock Farming Business-A Complete Guide
- The Industry Understand
In most countries of the world, the agricultural industry, of which poultry farming or better still peacock rearing is a subset, is undoubtedly among the leading industries; it is the industry that provides food for the population and raw materials for industries.
The government of most countries ensures that they subsidise seedlings, fertilisers, farming implements and machinery for farmers because of the important position that the agricultural sector plays, and also encourages entrepreneurs to go into different kinds of agriculture, like poultry rearing company.
In the agricultural sector, there are many business opportunities available, and one positive thing about the industry is that there is a demand for all the industry’s goods. Of course, due to the usefulness of the feather, the egg and even the whole peafowl, peacock farming is a flourishing and profitable sector. A decent percentage of peacock farmers simply grow them for the sake of their colourful feathers.
In general, peacock or peafowl is a common name for three species of birds in the Phasianidae family, the pheasants and their allies, in the Pavo and Afropavo genera. Male peafowl are known as peacocks, while female peafowl are known as peahens.
The blue or Indian peafowl, originally from the Indian subcontinent, and the green peafowl from Southeast Asia are the two Asian species; the one African species is the Congo peafowl, native only to the Congo Basin. For their penetrating calls and their lavish plumage, male peafowl are popular. In the Asian species, which have an eye-spotted ‘tail’ or ‘train’ of covert feathers, which they exhibit as part of a courtship ritual, the latter is particularly prominent.
You should build a large pen surrounded by chicken wire, with a wooden shelter or hen house with a nesting area, complete with a warming light, in order to rear peacock cum peafowl on a commercial scale.
If you are able to perform your market analysis and feasibility studies, you are more likely not to struggle to sell your birds because there are loads of people who are interested in either using peacock feathers for artistic purposes or keeping peacocks as pets. One thing is certain about the peacock farming business.
Some of the factors that inspire entrepreneurs to start their own peacock farming business are that the business is quickly becoming a prosperous and profitable business; if you live in rural/farming areas, you can actually start your own peacock farming business in your compound. All you need to do is buy the first peacocks (peafowls) package, buy their feed and build your fence.
Despite the fact that poultry farming has existed since time immemorial, that doesn’t make the industry over-saturated in any way. The fact that there is always a ready meat market makes the company green.
The barriers to entry into the peacock farming sector are few. Both inputs are usually readily available. Players in this industry will face the highest costs associated with accessing technology in the near future, especially in relation to engineering for genetic modification in peacock breeding.
Intellectual property rights protecting new innovations and technologies can also mean that new entrants will have to pay licencing fees to enter the industry and this will naturally lead to a rise in start-up capital for the peacock farming sector.
- Carry out study on the industry and feasibility studies
Psychographics and Demographics
The demographic and psychographic makeup of those who buy peacocks or use peacocks is not limited to a category of individuals. For various purposes, people of different races and backgrounds buy peacocks, because the demand for peacock farm produce is all inclusive.
So, if you are trying to describe your peacock farming business’s demographics, then you can make it all encompassing. It ought to include;
Artists who want peacock feathers to be included (Peacocks change their plumage once a year and you can get about 150 to 200 feathers from and adult bird every year)
Chicken farmers of the free range and other poultry farmers who want to use peacock to scare snakes away from their poultry (Peacocks are tough on snakes. A peafowl generally will not allow snakes live within their territory. If they find a snake, they will actively fight with it, even if it is a poisonous snake.)
Families and organisations that as pets want to keep peacocks
Dealers of eggs for peacocks
- Deciding which niche to concentrate on
When it comes to peacock farming, it is important to state that there are no niche areas. Those involved in peacock farming collect peacocks for the textile and art industry to manufacture colourful feathers, mating peafowl and, in some cases, grooming peacocks to participate in circus shows or animal games.
The Business Rivalry Degree
To some extent, the level of competition in the peacock farming industry depends on the company’s position and, of course, the capability of the peacock farm. You are probably going to encounter little or no competition if you can successfully add feather processing and packaging to your peacock farming business.
For example, if you are the only peacock farm that sells processed and packed peacock feathers or grooms peacocks for circus shows in your place, before you start competing, you can successfully monopolise the market for a long time.
It is also necessary to state that the competition depends on the size of your peacock farm in the peacock market. In the United States, there are farms that compete with the world’s leading poultry farms and there are farms that can only compete at the local level.
- Decide whether to purchase a franchise or begin with Scratch
It would cost you to start from scratch when it comes to launching a company of this type, as opposed to buying a franchise. In addition, there is no established peacock farm in the United States of America that is into franchising from available research conducted; most players in this industry follow strategies that will help them sell their peacocks, eggs and feathers outside the city, state or country where their peacock farm is located.
Besides, without leveraging on an established brand name, it is easier to establish and operate a peacock farming company from scratch. Based on convenience and pricing, customers can patronise your company as opposed to depending on a brand name. Please note that most of the popular peacock farms around have started from scratch and have been able to establish a powerful company brand. In order to achieve business success, it requires commitment, hard work and determination.