Rising feed Input costs In Agriculture & Aquaculture
Fertilizer is typically one of a farmer’s most expensive annual purchases, and it’s an important determinant of crop yield. The raw material costs for fertilizer, which include ammonia, nitrogen, phosphates, nitrates, sulfates and potash are soaring. As feed costs increase, farmers face the challenge of maintaining efficient Feed Conversion Ratio (FCR) to optimize productivity and profitability.
In aquaculture, the cost of fish feed can range from 30% to 70% of the total production cost. This percentage can be higher for species with higher FCR or when using specialized feed formulations. The rising cost of feed is threatening to sweep aquaculture farmers out of business.
Many people are feeling sticker shock at the grocery store in response to inflated food prices. Farmers aren’t making higher profit margins despite the recent high prices, so they have to increase the prices of their products. This means consumers are eating the extra cost of fertilizers.
Our Solution
Fertilizers and feeds have conventionally served the purpose of directly nourishing plants and animals. However, over time, their application can lead to gradual degradation of the growing mediums. Our objective is to address this challenge by minimizing reliance on conventional feeds and instead focusing on enriching the growing mediums, such as soil and water.
Through thinking differently, we aim to enhance the quality of these mediums by promoting the growth of beneficial microorganisms. This, in turn, facilitates the natural production of materials that serve as sustainable sources of nutrition for plants and animals. As a result, the dependency on artificial feeds can be reduced by a significant margin, typically ranging from 20% to 50%. This reduction translates into substantial cost savings for farmers.