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- Catfish, tilapia, prawns, salmon, and cod are some of the most profitable fish species to farm. Factors like market demand, growth rate, and production costs determine profitability.
- Catfish and tilapia are popular in warmer climates like India, China, and Africa. They grow quickly in ponds and tanks.
- Salmon and cod thrive in cooler waters and are important commercially in Northern Europe and North America. Prawn demand is increasing globally.
- Indoor systems allow year-round production and environmental control but have higher startup costs than outdoor ponds. With proper farm management, many species can be highly lucrative.
- A ₦3 million investment in tilapia farming in Nigeria can produce ₦4 million profit in 6 months.
- Fish farming does face risks like disease, climate impacts, and price fluctuations.
- Overall, fish farming can be very profitable with the right local conditions, species, and business knowledge.
