Goat farming business idea is proving to be a boost for the rural economy today. It’s not only a great source of employment, but also a low-cost, high-profit business.
Goat farming is becoming an increasingly popular business these days. It’s a business that can be pursued alongside farming. Income from goat meat, goat milk, and goat offspring provides farmers with a steady profit year-round. This is why many farmers are abandoning traditional farming and turning to goat farming.
Know about the business in depth
There are many different goat breeds in India, but some are particularly popular among farmers due to their fast growth and high productivity. These include the Beetal, Sirohi, Jamunapari, Barbari, and Black Bengal. The Jamunapari breed is known as the “Queen of Goats.” Its mutton is delicious and fetches high prices in the market.
The Sirohi breed is a popular breed in Rajasthan, thriving in hot and dry regions. The Barbari breed is small in stature but is a leader in milk production. The Black Bengal breed has delicious meat and is very popular in eastern India. A goat of these breeds easily sells for 10,000 to 15,000 rupees, while a good-quality male goat can fetch 25,000 to 40,000 rupees.
Advantage of the business
The biggest advantage of goat rearing is that it’s inexpensive. Each goat requires 2-3 kilograms of fodder and clean water daily. Their main food is bushes, leaves, and leftover crop stalks from the fields. Therefore, fodder costs are not significant.
Under the National Livestock Mission (NLM) scheme of the state and central governments, farmers are provided with 35 to 50 percent subsidies for goat purchases. Training and vaccination are also provided free of charge. In many districts, the Animal Husbandry Department is providing guidance to farmers on goat maintenance and nutrition.
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