How successful can an aquaponics business be? is our next guide or question to answer, the benefit or how successful can an aquaponics business be will surely surprise you after reading this guide.
How Successful Can an Aquaponics Business Be?
Everyone is interested in the possibility of earning money from aquaponics, in addition to the wonderful benefits of saving, recycling, and conserving.
Let’s have a look at the various ways aquaponics farms make money. This is significant since it illustrates a variety of strategies that could be useful in your current or future plans.
This is significant since it illustrates a variety of strategies that could be useful in your current or future plans. The most popular ways are as follows:
- Plants for Sale
- Workshops on aquaponics
- For sale: fish.
- Selling Techniques
Aquaponics has sparked a lot of attention in recent years as a novel way to feed the masses without harming the environment.
Because of its low environmental impact, adaptability for urban farming, and promise to offer food security and accessibility to both developed and developing countries, aquaponics is gaining appeal.
With such a long list of benefits, it’s no surprise that commercial aquaponics is being hailed as a possible solution to modern agriculture’s most serious problem: how to feed 9 billion people by 2050.
However, there are certain disadvantages to this farming method. It still only accounts for a small percentage of the market, and it takes years to become successful.
Read Also: Advantages of Organic Hydroponic Greenhouses
High rates of energy consumption, as well as specialist knowledge of both hydroponics and aquaculture, are necessary to run the system properly. Commercial aquaponics farming, on the other hand, appears to be a viable option for feeding the world without harming the environment.
What Exactly Is Commercial Aquaponics And How Does It Operate?
Aquaponics is a relatively new agricultural industry, with the concept originally appearing around 50 years ago.
Because of the systems’ long-term sustainability benefits, there has been an increasing interest in them in recent years, and many “ecopreneurs” have turned their hands to developing profitable aquaponic farming businesses.
Plants that grow in water (hydroponics) interact with fish that dwell in the same water in aquaponics systems (aquaculture). The fish faeces act as a “fertilizer” for the plants that clean the water for the fish.
Only controlled environments, like greenhouses or outdoor sites with proper weather, are now used for commercial aquaponics system farms.
Mexico, Canada, the United States, Australia, and a few other countries have been pioneers in commercial aquaponic farming in recent years. The total number of firms, however, is still quite modest.
That isn’t to say that aquaponic farming is without its benefits. On the other hand, the industry has a lot of promise. According to the Industry ARC, “Aquaponics as an industry has a potential market size of around $180 million in 2013, and this is anticipated to reach $1 billion in sales by 2020.” In just seven years, that’s a 455 per cent rise!
Commercial aquaponics has enormous promise in growing sustainable, local food systems, enhancing food
security, providing a reliable source of income for employees, and offering a year-round supply of fresh, healthy, high-quality fish and vegetables to the community, according to entrepreneurs.
How Successful Can an Aquaponics Business Be?
There may be other options, but these are the most common. You’ll need experience or the assistance of someone who knows how to operate a business to successfully run a commercial aquaponics system.
Making smart business decisions based on experience and expertise, rather than being a hobby grower who is smitten with the coolness of aquaponics, ensures success.
Many newcomers with no business experience watch their vegetables grow and fish feed but are unaware that they are wasting their money.
How Can You Make Aquaponics More Profitable?
Grow plants that are more expensive in your location to offset the expenditures on energy and materials. You should do a comprehensive investigation into the seasonal prices in the area where your system will be installed.
Tomatoes and other greenhouse-friendly crops like yellow peppers, basil, and other plants can be profitable.
You are, however, restricted in that you cannot grow any grain crops that are better suited to an open field, such as wheat or corn.
- You can grow more food in less space using aquaponics or hydroponic greenhouses since plants demand less space while growing very close to each other. Raising edible fish instead of goldfish or koi is a good idea.
- Consider the ratio of fish to food.
- Because they adapt well to the climatic conditions and each other, native and local fish are the best to raise in aquaponics.
The combination of high-priced plants and more food in a smaller space serves to ease the pain of the greenhouse’s initial investment while simultaneously enhancing the profit potential. Sadly, money isn’t the only element on which farmers are focused.
Is it profitable and sustainable to operate commercial aquaponic farming systems?
Aquaponic farming is a very efficient and long-term food production strategy. It uses 95 percent less water than traditional methods because it doesn’t require irrigation.
As previously said, aquaponics is a low-input, low-maintenance closed-loop system in which waste and inputs circulate between the two components of the system.
There is no risk of desertification or salinization with aquaponics because there is no soil involved. There are no weeds, so no herbicides are needed, and pests and diseases are much less common in the aquaponic greenhouse than in open fields.
Aquaponic systems require substantially less land and space than typical farms because they are often housed within greenhouses and can be stacked vertically to maximize the utilization of all three spatial dimensions.
Additionally, because the plants’ roots do not have to travel as far to receive the nutrients they require, they can be planted closer together than on traditional farms. Aquaponic farms also have the benefit of being able to operate throughout the year.
When compared to soil-based operations, all of this adds up to a very efficient and cost-effective food production system.
How to Make Commercial Aquaponics Farms More Profitable
You sell a diverse assortment of products.
Aquaponics diversifies a farmer’s income immediately because they already have two products to sell: crops and fish, without even trying.
Aquaponic farmers can reduce revenue volatility by diversifying the goods they plant, as well as cater to a bigger market of buyers who wish to buy all of their supplies from the same source.
Only high-end items are sold.
Growing premium, high-value crops like basil, yellow peppers, and tomatoes is a straightforward way to boost profitability. Make sure you’re raising edible fish rather than goldfish or koi, which may look pretty but aren’t worth anything to you as a farmer.
Make an effort to educate yourself.
According to studies, it’s no surprise that producers that have a good understanding of aquaponic concepts are more profitable.
Investing in a professionally prepared aquaponics business course could be a good move for first-time farmers interested in developing a commercial aquaponics farming system.
Dedicate yourself to your business.
If you make aquaponics your primary source of income, you are more likely to be successful. According to the same Johns Hopkins study from 2014, “Statistical results reveal that those whose aquaponics-related work was their primary source of income were nearly five times more likely to generate a profit than those who reported that aquaponics was not their primary source of personal income.”
According to the United Nations, we will need to increase our food production by 50% by 2050 to meet the projected food demand.
Moving food production to alternative sites such as greenhouses, underground freight carriers, vertical farms, and roofs is a fantastic way to improve production while utilizing less space, especially as the world’s arable land area shrinks and the world’s population grows.
Furthermore, producing plants indoors allows them to survive in optimum conditions all year long, resulting in higher yields per year than traditional systems.
All of this is feasible with commercial aquaponics while simultaneously providing fresh, healthy, high-quality food to local populations.