Is aquaponics a profitable business?

Aquaponics is profitable when it is done to a specific scale. Investment cost is relatively high which is the main drawback of aquaponics. In operational cost, more electricity is used as compared to traditional aquaponics. However, labor cost including plowing and pests is reduced.

How profitable is aquaponic farming?

Timmons, of Cornell, said even the most successful aquaponics ventures make only about $50,000 a year.

How much can you earn from aquaponics?

“A farmer can easily get an income of Rs 4 lakh or more a year.” Vijayakumar promotes himself as aquaponics futurist at his Nanniode Aquaponics Research and Development Centre (NARDC).

Is aquaponics commercially viable?

Aquaponics is a more environmentally sustainable method of growing than conventional agriculture, but if it’s not financially sustainable as well, it is not a viable venture for most growers. Others want to be large-scale agricultural businesses with significant returns.

How much does it cost to start a aquaponics business?

The cost of materials to set up an aquaponic system for a beginner can start from $1411 and go up depending on how large the system is going to be. The cost of labor and transportation will also add to the materials cost to give an overall figure.

What is the expected return of aquaponics industry?

Owing to such trends, the global aquaponics market size is valued at $580 million – $630 million as of 2020, as per the findings of this business intelligence report. The report forecasts the demand to grow at CAGR of 14.5\% -15.5\% going through to 2025.

How much should I invest in aquaponics?

K Vijaykumar, Chief Executive Officer of one of India’s first and largest aquaponics farms, Madhavi Farms, says that normally an average investment of at least Rs 2.5-3 crore per acre is required for setting up a proper commercial aquaponics farm.

How is aquaponics sustainable?

Aquaponics can be a sustainable agricultural production system. Most plant nutrients can be derived from fish feed through fish digestion/excretion and biofilter nitrification, thus integrating nutrient flow. Plants can act as biofilters and take up system effluent that would otherwise be discharged to the environment.

How much is the aquaponics industry worth?

According to the report, the global aquaponics market was valued at about 523.7 million U.S. dollars in 2017, and is forecasted to grow to about 870.6 million U.S. dollars by 2022.

Where is aquaponics popular?

Today, aquaponics is being used in a number of countries, from Myanmar, to Peru, to Germany, even on rooftops in Gaza. In the U.S., a small number of backyard hobbyists have been tinkering with the system for years.

What are the pros and cons of aquaponics?

The Cons Of The Aquaponics Systems Start up cost often is more than what people want to spend on the system. Energy usage is rather high with these systems. Choices between the systems that are available can be rather difficult to make. Daily checks need to be made on the plants, lights, and the pipes.

Can aquaponics be profitable?

Aquaponics will be very profitable as more people venture into technological food production while maintaining a connection with the natural aspects of their environment and surroundings.

Is there profit in aquaponics?

Aquaponics is profitable when it is done to a specific scale. Investment cost is relatively high which is the main drawback of aquaponics. In operational cost, more electricity is used as compared to traditional aquaponics. However, labor cost including plowing and pests is reduced.

What can be grown using aquaponics?

Common plants that are being grown in aquaponics farm include: Herbs, such as parsley, watercress, basil , sage and coriander. Green leafy vegetables , such as spinach. Legumes, such as peas and beans. Other plants, such as tomatoes, cucumbers, melons lettuce, chili, red salad onions, celery, broccoli and cauliflower.