Ghana: Rabbit industry faces imminent collapse

Published 2023년 3월 10일

Tridge summary

The rabbit farming industry in Ghana is facing a potential collapse due to a significant increase in production costs, with feed accounting for 80% of the expenses. The price of feed has doubled since 2021, causing financial strain for many farmers, leading to the closure of 70% of rabbit farms, including one formerly owned by musician Czar. High overhead costs, biosecurity risks, and low sales of matured rabbits have further exacerbated the problem. Local rabbit farmers have urged the government to subsidize feed costs, contribute towards overhead expenses, and improve road networks to keep the industry sustainable.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There is growing fear among rabbit farmers over a possible collapse of the industry due to rising cost of production. Currently, farmers say feed alone constitutes about 80 percent of farm’s daily production cost, with the price of 50kilogram of feed having more than doubled from GH¢205 in the second quarter of 2021 to GH¢485 in the first quarter of 2023, representing an increase of 136.6 percent. The situation is further aggravated by biosecurity risk – outbreak of pests and diseases as well as overhead cost – electricity bills and others. As a result, as many as 70 percent of farms have shut down operations, including that of popular veteran musician Czar, with the few surviving farms only managing to maintain limited rabbit population. “Due to the situation, I have sold off my rabbits – 3000 of them, for a pittance and shut down the rabbitry. Infrastructure of the once-thriving farm has now become a playground for rodents and food for termites. I barely made a profit going into ...
Source: Thebftonline

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