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Feasibility Study of the Bangus Business

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Feasibility Study of the Bangus Business

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  • Jan. 2009
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Bangus raising will generally take approximately four (4) months in order to be viable in the market for sale. Aside from the four-month raising period, the fishpond must be grown with algae that will serve as natural food for the bangus being raised. In connection with this, several types of fertilizers are needed to assists the growth of these algae. The table below will show the fertilizers that will be used along with its required volume and estimated prices provided by the Bureau of Fisheries and Aquatic Resources – Cagayan de Oro City Chapter.

FertilizersPriceVolume
14 – 14 - 14P 1,000 per sack1 sack
UreaP 1,000 per sack2 sacks
Lime (Apog)P 2.65 per kilogram1,000 kilograms
Fig. Fertilizers needed in 10,000 sq. m. fishpond as provided by BFAR.

At the start of the business operation, the bangus fingerlings will be purchased. As suggested by the BFAR personnel, fingerlings stock will be bought at Opol since it is closer to the business area. However as the business continues, the group decided to have stunting pond nearby for enough supply of fingerlings all-year around. The fish nets needed for the pond will be bought from a supplier recommended by the BFAR though subject to change when a cheaper supplier will be available. The table below shows the volume and estimated prices for the bangus fingerlings and fishnets that will be needed during the course of the business.

Bangus fingerlings (1 – 2 inches)P 2.00 per fingerling15,000 fingerlings Fish nets
Fig. The volume and prices of fingerlings, as well as, fishnets for 10,000 sq.m. pond.

The bangus fingerlings need five (5) types of commercial feeds in order grow in good-quality for sale. Due to its well-known and high-quality products, the group decided to have B-MEG as the business’ supplier for the bangus feeds needed. The proceeding table illustrates the different types of commercial feeds needed, as well as, their corresponding prices and volume. The computation for the...