# How to make millions doing snail farm business

Editor's note: Saheed Akinola Esq, the Legit.ng partner blogger, in this latest article, explains how people could make millions doing snail farm business.

Saheed is a legal practitioner and consultant on farming/agricultural investments.

His expertise covers a wide area such as corporate practice, asset acquisition, property acquisition, sales and management, farm management and consultancy.

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This write-up is intended to give the prospective snail farmers the ideas of how much is required to start snail farming business whether it is small scale to large scale.

It is to be noted that this projection is basically on Achatina Maginata (AM), which is the biggest and the most marketable specie of the three species of snail reared in Nigeria.

Required capital and projected profit

The required capital to be invested in snail farming business depends on the size of the farm one wants to start with and the materials used for pen.

It is possible to start with zero naira if one could pick his start up snails from the forest and use old tyre or drum as pen. For others the below analyses are the projected financial plans.

1. Financial plan for a small scale snail farm using a cage or free range system for 50 snail breeders

I. Cost of structure.................. N 20,000 - N 30,000

II. Cost of breeders.................. N 20,000 (N 400 each)

III. Cost of feed......................... N 10,000

IV miscellaneous ………. N 50,000

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Total N 110,000

A breeder will lay an average of 35 eggs in a year and when you multiply it by 50 breeders it will give you 1750 eggs. Assuming out of 1750 it is only 1500 snails that grow to maturity, the least amount you can sell a table size snail is N 500

Expected turn over 1500 × N 500 = N 750,000

Expected profit N 750,000 - N 110,000 = N 690, 000

2. Financial plan for a small scale snail farm using a cage or free range system for 100 snail breeders

I. Cost of structure................ N 30,000 - N 50,000

II. Cost of breeders.................. N 40,000 (N 400 each)

III. Cost of feed......................... N 20,000

IV miscellaneous……..……… N 60,000

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Total N 150,000

A breeder will lay average an average of 35 eggs in a year and when you multiply it by 100 breeders it will give you 3500 eggs. Assuming out of 3500 it is only 3000 snails that grow to maturity, the least amount you can sell a table size snail is N 500.

Achartina Marginata (AM). Photo: Saheed Akinola

Expected turn over 3000 × N 500 = N 1,500,000

Expected profit N 1,500,000 - N 150,000 = N 1,350,000

3. Financial plan for a small scale snail farm using a cage or free range system for 200 snail breeders

I. Cost of structure................ N 50,000 - N 60,000

II. Cost of breeders.................. N 80,000 (N 400 each)

III. Cost of feed......................... N 40,000

IV miscellaneous……..……… N 70,000

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Total N 240,000

A breeder will lay an average of 35 eggs in a year and when you multiply it by 200 breeders it will give you 7000 eggs. Assuming out of 700 it is only 6000 snails that grow to maturity, the least amount you can sell a table size snail is N 500

Expected turn over 6000 × N 500 = N 3,000,000

Expected profit N 3,000,000 - N 240,000 = N 2,760,000

4. Financial plan on a commercial snail farm on a closed free range system of 500 snail breeders on 30ft by 120ft

I. Cost of structure................ N 800,000 - N1, 000,000

II. Cost of breeders.................. N 200,000 (N 400 each)

III. Cost of feed......................... N 120,000

IV worker’s salary……………. N 200,000

V Irrigation facilities ……….. N 1,000,000

VI miscellaneous……..……… N 120,000

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Total N 2,440,000

A breeder will lay an average of 35 eggs in a year and when you multiply it by 500 breeders it will give you 17,500 eggs. Assuming out of 17,500 it is only 16,000 snails that grow to maturity, the least amount you can sell a table size snail is N 500

Expected turn over 16000 × N 500 = N 8,000,000

Expected profit N 8,000,000 - N 2,440,000 = N 5,560,000

5. Financial plan on a commercial snail farm on a closed free range system of 1000 snail breeders on 60ft by 120ft

I. Cost of structure................ N 1,600,000 - N2, 000,000

II. Cost of breeders.................. N 400,000 (N 400 each)

III. Cost of feed......................... N 300,000

IV worker’s salary……………. N 400,000

V Irrigation facilities ……….. N 1,000,000

VI miscellaneous……..……… N 300,000

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Total N 4,000,000

A breeder will lay an average of 35 eggs in a year and when you multiply it by 1000 breeders it will give you 35,000 eggs. Assuming out of 35,000 it is only 30,000 snails that grow to maturity, the least amount you can sell a table size snail is N 500.

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Expected turn over 30,000 × N 500 = N 15,000,000

Expected profit N 15,000,000 - N 4,000,000 = N 11,000,000

This will serve as a guide to those who are interested in making money from this lucrative snail rearing business.

Meanwhile, Legit.ng had previously reported on nine important things people must consider before starting snail farm business in Nigeria.

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