Answer:
Fish farming involves raising a variety of aquatic animals, such as fish, mollusks and shrimps in an enclosure such as a tank or pond. With the surge in demand for healthy animal protein the demand for fish and fish products is on the rise. Fish farms have the potential to produce fish for home consumption at about $0.90/lb which is a considerable saving when compared to supermarket prices of over $2.00/lb.
The first step for fish farming is to determine what you are going to do with your full-grown fish. You need to know the purpose, whether you are going to keep fish as a pet or for fish meat. This will decide a lot of things like the space requirements, equipment and capital requirements. If you intend to keep fish as a pet for showcase then a small tank or a backyard small fish farm is sufficient. If you intend to put a small fish farm with one or two ponds then also with a little business mindset you can market 1000 to 2000 lb of fish.
This will also require you to set up a business entity and have a business mindset.The costs associated with raising different types of fish varies because different fish need certain temperature water to live. The type of fish also decides the requirement of equipment and the feed cost. There are lots of laws about raising fish and animals, and even more, stringent laws related to raising animals that are going to be consumed as food.
Before starting fish farms or fish hatchery of any size or type it is advisable to check local laws and the need of permits to do so in your area.Normally you will get a license to operate your fish farm for a year which will be renewable. You need to submit the following documents to apply for the license:
Filled in application form
Sketch or aerial map of the facility layout, including dimensions
Copy of fish health certificate
Copy of stocking permit
Letter of a written permission from the landowner (in case if you are not the landowner)
Explanation
(I truly apologize if this answer is too long)
