COST OF STARTING A 10-HIVE BEE FARM IN NIGERIA

Most people dream of starting a bee farm, but the challenge is calculating the cost. In this brief article, I will discuss the cost of starting a 10-Hive Bee Farm in Nigeria.

The article breaks down the list of materials you will be needing, their quantity, unit cost, and total cost.

CHECK OUR STORE FOR YOUR BEEKEEPING EQUIPMENT

The best part of it all is that I offer all the services listed therein. Also, it’s best to know that you can use this as a mini business plan to start and forecast where your enterprise is going.

The below analysis is the breakdown of the cost of starting a 10-hive bee farm in Nigeria. If you can check, the calculation excludes logistics because that’s a variable cost and its price can’t be estimated and ascertained instantaneously.

S/N	MATERIAL NEEDED	QUANTITY	UNIT COST	TOTAL COST
1	BEE HIVES	10	25,000	250,000
2	ATTRACTANT	IKG	10,000	10,000
3	TRAINING			50,000
4	BEE SUIT	1	25,000	25,000
5	BEE KEEPER GLOVES	1 SET	1,000	1,000
5	BOOT	1 SET	5000	5,000
6	BEE SMOKER	1	20,000	20,000
	HONEY PRESS	1	120,000	120,000
7	HIVE TOOLS	1 SET	5,000	5,000
GRAND TOTAL				486,000

NOTE:

1. The following are subject to change due to market factors.

2. As a beginner, you don’t have to start with 10 hives at once. When I started my farm in 2018, I started with just 2 hives and increased them gradually. The funniest part was that I never owned land when I began; I installed my first set of hives on borrowed land until I was able to buy mine after 2 years in the business

What is Needed to Start the Farm?

All the materials listed above are not needed at once to set up the bee farm. What you need to start the farm are hives in Nigeria, attractants, and basic training to handle the farm.

The bee suit is needed once bees start living in the hives. You need it as protective clothing while inspecting the hives to see the bees’ production and to see if the hives are set for harvest. To complement it, you will also need a glove and boot, which will cost a total of N24,000.

The smoker is also needed during inspection but it serves better during harvest in order to calm down the bees and prevent them from disturbing you during harvest.

Lest we forget, you will need a knife to cut out the honeycomb and a cutlass to clear your path if the places where the hives are kept are bushy. These will also give you a total of N11,000.

Want to start your beekeeping now? CLICK HERE

NOTE: Most of the equipment you buy when you start your bee farm is what you will use throughout the farming time, unless you decide to change any due to damage or misplacement. Bee farming is a one-time investment.

Cash Flow from Bee Farming Within the First Three Years

Our focus is on 10 hives. For the first year of installation, let’s assume only 6 hives were colonized, “meaning it attracts bees and they live in”. Within six months, we should expect the first harvest.

Years	No. of Harvest	Quantity	Price
Year 1	Single harvest	5 hives – 25 liters	25*4000 = 100,000
Year 2	harvest	7 hives – 35 liters	35*4000 = 170,000
Year 3	harvest	10 hives – 50 liters	50*4000 = 200,000

Above is just an estimate of what you should expect on average from your bee farm if you decide to sell at N4,000 for retail but honey sells between N3,500 – and N5,000 for retail at present.

Within two years of investment, you should recover back your money if you keep a tab of every cash inflow and cash outflow.

At NiyiRoyalz Consult and Farm, we help individuals, corporate organizations, cooperatives, and businesses Setup up farms.

To talk hit me up on the contact information below:

Call and WhatsApp: 08032912347, 09016286799