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Starting a Business in IndiaSmall FarmsAgricultural Sector in IndiaDairy FarmingCowsKarnataka, IndiaMilkSmall Business AdviceFarmingBusiness StrategyIs the dairy business (cow milk farm) profitable? If yes how do the numbers look? What are the risks? Where in Karnataka can I get a good training on the prerequisites for this?Selvarajan Rajeshwaran, Dairy consultantUpdated 23w agoYes, dairy business (cow milk farm) is profitable but the profitability depends on very many factors.
Your major capital expense will be towards land, building, equipments and animals. Except the last viz. animals, all the others are “dead” investments with no income streams. In fact, the animals never asked for them! Doubt me? Ask them! :)Similarly, if you do not watch your cost of feeding on a daily basis it can spell serious trouble. You may refer to the numbers given by NABARD and other “helpful” websites on their webpage.
BUT, you need to develop your own project cost and cash-flow statements with your own data and document the same on a day-to-day basis and learn from own figures generated and continue to monitor each important key variable on a day-to-day basis, if not hourly, as a time-series data, NOT cross-sectional data. Preferably, if you draw a line graph, you would get the hang of it immediately. Yes, there is NO easy way out.
Please DO NOT use photocopied figures for they may be irrelevant to your context, to say the least.Risks are of two kinds with regard to animals, the only productive capital asset. First is mortality against which one can get protection through insurance. But, remember animals are insured only for a maximum value of Rs.50,000 or so at a premium of Rs.5% per annum. However, the cost of a good Holstein Friesian cow yielding 4500 litres per lactation (average 15 litres per day, Month 1: 13 litres per day, Month 2: 18 litres per day, Month 10:14 litres per day) would cost more than Rs.
1 lakh.So, insurance value will be limited to 50% of value of the animal. Why? The insurance companies officials sitting in metropolitan cities in airconditioned comfort will give you umpteen number of reasons as to why they cannot insure your animal for the real cost. Secondly, how would you know that the animal you purchase has that potential? As of now there is no animal information system. and a credible one, at that.
Thirdly, credit for either capital or variable expenses is generally not given by formal sources. So, if you are investing your own money to establish a unit with 0% debt you are risking all your money.Fourthly, morbidity in terms of lower profitability or even loss on account of disease, low yield during lactation, high number of dry days (vide high age at first calving and dry period), etc. can hit one below the belt and take the breath out of you.
In fact, morbidity is more serious than mortality. The later means the animal has died whereas the former will kill the farmer, slowly but surely.Fifthly, labour is simply not available in rural areas and it has to be outsourced from other states. One day your labour do not turn up and you can bid your one year’s profit away. Yes, animals resent being cared for any person other than whom they know and they will show it in terms of lower milk production for the next one week or so.
As regards skill building, I suggest that you work as an apprentice in a medium scale farm with about 10 to 25 animals 24X7 for about a month and find out whether you have the aptitude for such business / work.Finally, you have not enquired about the type of cows (Indian breed or crossbred) you want to rear, rather the milk market that you want to service, assuming that you are not interested in serving the buffalo milk market.
This only shows that you have much homework to do before you put in your own money, forget about asking others to invest. (Hint: Read the Minister of Agriculture, GoI’s latest speech.) Banks will not . . . forget about others.Best wishes.Ajay Rai, BloggerAnswered 121w agoYes, Dairy business is profitable. Even like other business, there are different success ratio that varies person to person, location, size of the business etc.
I want to share success story of Founder of Amrutha Dairy Farms. It is shared on http://yourstory.com/2013/09/amr...This story is titled as "Journey from IT to dairy farming: Santhosh D. Singh, Founder, Amrutha Dairy Farms" that is really eye caching and helpful for who want to start a dairy farm.Your response is private.Is this answer still relevant and up to date?YesNoRashmi RaoAnswered 138w ago · Upvoted by Shahnawaz Merchant, 10+ Year Experience as a MD of a Import Export companyDairy business in Karnataka (KMF) is one of the profitable & lucrative business by raking in approximately 10 crores per day.
I am currently coordinating in developing an ERP software collaborating their entire process and production. So I am well aware of their process and business. I have studied and surveyed their departments on various levels. They have a state of the art production plant at a certain Milk dairies. Dairy business is very time & storage specific. And utmost care is taken to maintain their milk quality.
If you want to get into a profitable business for KMF I did suggest you open up a MPCS (Milk producing cooperative society) or a production unit for packing sheath for milk with bar codes printed on it. MPCS is the grassroot level of milk collection where farmers/ members deliver milk at these societies. You could make your collection center a little hi-tech by employing automatic milk drawing machines from cows.
Getting to open a MPCS is fairly easy. There are various training centers which coach you on the pre requsites. For more information you can approach KMF and their officials. You could also take up distribution of their milk and milk products by improving the reach. But there did be fierce competition there.There are many opportunities one can take up. Before that you need to understand their processes and their business.
Thats quite complex and needs a lot of ground level understanding.Your response is private.Is this answer still relevant and up to date?YesNoNirav Patel, A nature and literature lover, mechanical engineer by professionAnswered 61w agoYes it is profitable but you take it seriously. we have 10 buffaloes and 5 cows. we are not into serious business of dairy farming. just a few household customers and remaining milk goes to local dairy and then to Amul dairy (Anand, Gujarat).
Setup will require a minimum amount of money. In 2005 it cost us around Rs 3-5 lakhs. the cost of hay matters. we have our own farm so that is not an issue but you really need to look at everything. I don't know if you own a land or you will buy it. But there will be initial setup cost. there are a lot of books on dairy farming. nothing wrong in going through it. But if you are a farmer then experience counts.
If you want loan then NABARD gives you loan. search on google. But yes, it is profitable. Just requires a lot of effort.with 10 buffaloes and 5 cows and only half number of those being lactating at one time we earn Rs 10000-12000 per month and that is good for a side business which we are not very serious about. But as I mentioned I don't know you own land, are you a farmer and many such things. But not a bad idea at all if you take it seriously.
. I hope I answered your question.Bharti Chhatre, CFA, Co founder FineTrain, empowering small businessesAnswered 138w agoDemand for milk and milk products is on the rise across the country and various /state governments are promoting this business through different schemes. Since demand is favorable, if one can manage operations well (remember it is hard work ensuring your cow is not sick, your farm is hygienic), it should be a profitable business.
Further, one could start making milk products (such as Paneer, curd) and market them.In order to look for a training programme, you may wan to contact NABARD , they are a bank set up to increase lending towards agri related business. NABARD district manager should be able to put you in touch with relevent contacts.Paul Kaldy, Product Manager at Facebook (2012-present)Answered 39w agoDemand for milk and milk products is on the rise across the country and various /state governments are promoting this business through different schemes.
Since demand is favorable, if one can manage operations well (remember it is hard work ensuring your cow is not sick, your farm is hygienic), it should be a profitable business. Further, one could start making milk products (such as Paneer, curd) and market them. You can ask the guys this service to prepare it for you. They will provide you with a business plan look like for a new business good plan for dairy business.