How to Start a Shrimp Farming Business: Plan and Ideas for Startup

There’s no way around it, people love shrimp.  The shrimping business is a very big and competitive business and a lot of times it’s really difficult to make a profit for the little guys in the shrimp pond.  With all of the heavy competition, the smaller shrimp farms have to be really crafty and creative, as well as producing a superior product that wholesalers and retailers will want to purchase over the big shrimping companies.  Starting a shrimp farm isn’t too difficult, and depending upon the size there are not a lot of startup fees; however, maintaining it, harvesting it and marketing it take a lot of hard work and planning if it is going to succeed.

Plan for Shrimp Farming Business

  • Although small shrimp farms do not necessarily acquire too much upfront costs, a good business plan is needed to help gain investors’ trust and startup loans.
  • The business plan should include all financial records for at least the past five years.  Such things as bank statements, tax records and any assets, liabilities or loans, paid or still owing, will show the potential investor your credibility.  Include contact information for any financial institutions that have had or currently hold any of your accounts for easy reference that your investors might need.
  • A projection of what you think your farm will profit and the costs it may incur over the next five, ten and even fifteen years is another important part of the business plan that future lenders will want to see.
  • Be sure to add a good marketing strategy that shows how you plan to sell your product and advertise your business.

Facts about Shrimp

  • For the most part, shrimp are grown in Asia under natural conditions.  In the United States they are raised in very controlled environments.
  • The female shrimp can lie anywhere between thousands and a million eggs at a time.  The eggs hatch usually within a day after being laid.
  • Hatched shrimp eggs are called nauplii and are fed algae and brine.
  • It takes about twelve days for the newly hatched nauplii to become young shrimp.
  • Shrimp are grown in brackish water and salt water.

Harvesting the Shrimp (How to)

  • The size of the shrimp farm and the farmer’s specific needs and products will depend greatly upon how the shrimp are harvested.
  • The nauplii may be put into nurseries before they are transferred to a grownout pond.  This, of course, is dependent upon whether or not the farmer wishes to choose this method.
  • Those who do not use nurseries for the nauplii may instead put them into acclimation tanks until it is time for them to transfer to a grownout pond.
  • About twenty-five days after the nauplii have become young shrimp, they are transferred to a grownout pond to continue growing.
  • The young fish stay in the grownout pond anywhere from three to six months before they are harvested with a net or by draining the pond.
  • Harvesting is typically done once a year.  However, depending upon the climate, such as tropical climates, harvesting may be done two or three times a year.

One thought on “How to Start a Shrimp Farming Business: Plan and Ideas for Startup

  1. Methew Reply

    Hey, I am planning to start this business and wanted some basic information.

    1. Where can I find shrimp farming equipments and other supplies?
    2. Is there a possibility of getting loan from bank for this business?
    3. How big is the market size?

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