In spite of the fact that fur farming in Latvia is at risk of being banned by the public initiative, fur farming, especially mink fur, is becoming rather popular in Latvia, says the head of Animal Breeders Association of Latvia Andris Upenieks.
“There is now a trend when farmers see mink fur farming as source of additional income. This interest largely depends on providing animals with ample food. A special kitchen for animal food is currently being built at Grobiņa animal farm. This will allow the company to accept special orders for animal feeds next year. Demand grows even now – there are already six farms in Kurzeme that have acquired certificated to construct mink fur farms. Two more are having their documents reviewed at the moment,” – said Upenieks.
When asked what the costs of breeding mink are, he noted that estimates go as high as entire venture capitals. He did say profitability of this business is rather good.
“In order for this business to be profitable, it is necessary to have at least 200 breeding females of mink – this is how much a person can breed in addition to agricultural activities. Procurement of these animals is much more expensive – a single mink costs LVL 85 – 105. The profitability of this business is rather good overall – 15-23%,” – says the businessman.
He also said fur is sold on auctions in Denmark and Finland. A single fur costs LVL 32-49, depending on its size and quality. The main factor that dictates price rise in this business is that demand greatly exceeds supply. All furs are always sold 100%.
Source: Baltic News Network
http://bnn-news.com/mink-breeding-profitable-business-latvia-104423