Aquaculture Business Plan

Annapurna Rainbow Trout Farm (ARTF), a private company established in Kaski district of Nepal. The company aims to be a national leader in trout culture by providing affordable, nutritious, disease free and hygienic trout of Himalayan origin to the customers as per their demand while maintaining socio-economic soundness. In other terms, ARTF is a sustainable solution to increasing trout demand. ARTF will produce marketable size (200gm) rainbow trout from small fingerlings by culturing them in linear type raceway tank. The culture will be made more effective and economic by regular research in feed formulation and better breed production. After 10-14 months of culture, the marketable sized trout will be processed and supplied to the customers in a frozen state. The national market for rainbow trout is highly unsaturated and demand for rainbow trout of Himalayan origin is also high in the international market such as Hong Kong, Singapore, Japan and India owing to its unique flavour. This demand has driven the production trend to increase sharply from 0.3 Metric ton (Mt) in 1993 to 25 Mt in 2005. But, this trend has not met the market demand yet and the consumption rate has a potential to increase by 3-5 times the present value. There are less than 30 small-scale producers in the country and the most potential and largest competitor is located in the nearest location of ARTF. But, unique location, production (economy of scale), effective management, in-farm feed research and breeding program, well-designed risk management strategy and provision of regular health check-up of trout will easily overcome the competition and become the national leader in trout culture. The Farm will have market acces through two different paths, direct wholesale sales to supermarket chains and especially stores and retail sales to hotels and restaurants. Financing of ARTF will be done from two major sources; self financing (56%) and bank loan (44%). Though break even will be reached at 5,490 units, farm will start to produce 20,000 units (kg) in second year and increase the capacity to 60,000 units in fourth year. Finally, payback period is estimated to be 3.57 years.

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