The egg farming industry in the United States has seen robust revenue growth of $10.1 billion this year alone, with an expected growth rate of 1.4% by 2023. However, the industry has faced a 3.2% decline in market size on average between 2018 and 2023. Despite this, egg farming remains a profitable business venture to consider. Not only do egg farms contribute to employment and the economy, with 112,723 jobs provided, but the average salary for an egg farmer, according to Glassdoor, is $49,450.
When choosing to start an egg farm business, farmers need to decide on one of four different business models: conventional cages (factory farms), enriched colony housing units, cage-free systems, or free-range systems. Depending on the model chosen, the number of acres needed may vary. It is essential to comply with local ordinances concerning the type or number of birds to keep and secure any necessary permits.
Starting an egg farm business requires careful planning and market research. Farmers should create a financial plan, including projected income, operational costs, and startup costs, and identify the most profitable eggs to produce. They should also form a legal entity and register their business, name and brand their egg farm business, and open a business bank account.
When starting an egg farm, choose the poultry breed to keep, obtain or build suitable housing for baby chicks and egg-laying hens, and implement the best farming practices for hen health and animal welfare. Cage-free housing is advantageous when stepping up egg production, and free-range systems produce better eating eggs.
Selling eggs can be done through various locations such as farmers’ markets and roadside stands. The egg farming industry continues to grow, with a predicted 13% growth in profit from 2017 to 2022. However, it is essential to consider some possible drawbacks, such as losing hens to poultry diseases and the production of greenhouse gases.
Starting an egg farm business is achievable when approached systematically. With careful planning, research, and execution, it’s possible to join the robust and profitable egg farming industry in the United States.