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How to Start a Lobster Farm – Sample Business Plan Template

Lobster Farm Business

Do you want to start a lobsters farm from scratch? Or you need a sample lobsters farm business plan template? If YES, then i advice you read on.

Are you thinking about starting your own business? Do you live in an area were the demand and awareness for seafood is on the increase? Are you cool with participating in the agriculture industry? Do you want more money? Do want to be in control of your time?

If your answer is yes to the above questions, then you should consider starting your own lobster farming business. Lobster is seafood that is widely eaten in all part of the world especially in Chinese and Japanese restaurants.

If you visit any standard Chinese restaurants, you are likely going to get the following lobster recipes; Lobster Thermidor and Lobster Newberg and you can as well order for lobster soup, lobster rolls, capon magro and bisque. The truth is that, establishing a lobster farm is indeed a viable and profitable venture because of the economic value of lobster.

One good thing about starting a lobster farm is that you can start on a small scale in your backyard and still make profits.

But if your intention is to start on a large commercial scale, then you should acquire a land big enough to contain the sizes and numbers of troughs and underwater pens required. Now let us quickly consider the 7 surefire tips needed to start a lobster farm:

Starting a Lobster Farm – Sample Business Plan Template

1. Acquire Relevant Info about Lobster

Lobster farming is interesting in the sense that you stand to learn a lot. One good thing you can do to yourself before starting your own lobster farm is to acquire relevant info about lobsters.

It will pay you to know about the various species of lobster, their mode of reproduction, the kind of food they eat, their nutrient composition, how to harvest them and loads of other things that will prepare you to successfully manage your own lobster farm. You can visit your local library or go online to harm yourself with the info you would need.

2. Secure a Good Location

Unlike other type of farming, establishing a lobster farm requires that you choose a good location that is close to a source of clean water, on a plain land, and large and spacious enough to contain all the troughs you want to install. In addition to that, you also need to build your lobster farm in a location that is far away from industries and mining sites.

It is important to consider all this factors because wastes from industries can contaminate your lobster farm. When shopping for a land to establish your lobster farm make sure you inform your real estate agent the purpose you want to use the land for.

It would also pay you to move to the outskirt of town where you can secure a farm land. Besides, farmlands are very cheap and it will help you minimize your startup cost.

3. Design and Install Your Troughs (Underwater Pens)

When designing the troughs to be used for your lobster farm, you need to put into consideration the safety and health of your lobsters especially when they are still in the larvae stage. It is important to install enough troughs side by side so as to avoid congesting lobsters.

The truth is that if your lobsters don’t have enough space, they are likely going to start eating themselves especially when they have not developed shells. Another benefit of installing solid troughs in your lobster farm is that, it helps protect your lobster from predators. If your lobsters (larvae) are not well protected, they can be eaten by predators.

4. Source for Suppliers of Larvae

Part of the plans you need to put in place before building your lobster farm is to ensure that you have sourced for suppliers of larvae. Depending on the city you live in, you might have access to cheap larvae especially if there are many suppliers around you.

But if you have to travel a distance to purchase larvae, then you should be ready to spend more. The truth is that transporting your larvae from a far distance can lead to the death of many of them if not well handled. That is the reason why you should establish your lobster farm close to the source of larvae.

5. Source for Suppliers of Lobster Feed

The feeds for lobsters are not just found everywhere, you must source for it. That is why it is very essential to establish a relationship with lobster feed suppliers before even purchasing your larvae. If you are lucky, you can purchase lobster feed from same location where you get your supply of larvae from.

But if you are unlucky, then you might have to order your lobster feed from another city or even another country. If you intend feeding your lobster with lobster feed blends, then you should look towards Norway to place your orders.

6. Install a Standard Filtration System

In other to avoid or minimize premature death of your lobsters due to diseases or ecological effects, then you must make sure that you install a standard filtrations process in your lobster farm. The truth is that a standard filtration system will help you produce healthy lobsters because when the water is clean and free from any harmful particles, it will facilitate the easy growth of the lobster.

So, ensure that you check from time to time to filter your trough if you want to keep disease that can affect your lobster at bay. One bad thing about lobster disease is that it can easily spread and kill all the lobsters in your farm

7. Maintain a Clean Environment

Part of what you also need to put in place when establishing your lobster farm is to ensure that the environment where your lobster farm is located is kept clean at all times. Of course, ensuring that your troughs are kept clean at all times is not negotiable. No doubt if you operate in a clean environment, you would not have to bother about the diseases that can kill lobsters.

There you have it, 7 surefire tips needed to start a lobster farm; sticking religiously to these tips means that you are on your way to recording huge success in your lobster farm.