Last month I shared a post which mentioned that we selling our chickens. As @kenny-crane and I were the partners of the poultry farm with a share of 250 chickens, we were so excited about the project to know how it goes so far. @Kenny-crane invested 40 Steem at rate 2.30 USD/ Steem equal to $92 which includes transaction cost on 18 December 2017. It was 78 USD excluding transaction cost. He decided to observe 3 cycles of the business and profit of the 50 chickens will go to where I feel best. I personally invested for 200 chickens. As all the investment and expectation of profit was rough prediction so we found many changes after all costs and sales.
Last week we sold out all the chickens and we made 35000 BDT = 437.5 USD overall profit from the chicken's farm. The main partners in the business ( my brother and his friend) need to recover their fixed investment. As an external investor, I have no berden of fixed investment. My brother and his friend need to recover 145000 BDT = 1812.5 USD as these investment related to fixed cost.
Here is some information about our first batch of poultry farming business.
|Items||Amount in BDT||IN USD|
|Total number of chickens||1450||----|
|Per chicken cost||149.65||1.87|
We expected the cost will be not more than 1.56 USD per chicken. But as we had to keep the chickens in the farm for better weight, we had to expend more for food and related cost. So, @kenny-crane was the owner of 78/1.87 = 41.7 chickens.
Unfortunately, Total 111 chickens lost their lives in a different stage. We expected the chicken death rate will not be more than 5% = 75 chickens. Of course, it was something different and we need to focus on what was wrong with the chickens. we total left 1339 chickens after the death of 111 chickens.
So the death ratio was 7.66%. And the number of death for 250 chickens were 19.15 chickens.
The real calculation was after sell out.
Among 41.7 chickens of @kenny-crane, the died chickens number were 3.20 and Among my personal 208.3 chickens, the number of died chickens was 15.96.
|Items||Amount in BDT||IN USD|
|Total Sold Amount||252000||3150|
|Each chicken profit||18.62||0.23|
I invested for 250 chickens and also gave some amount extra as help to my brother. But I made a condition with my brother to return all amount with profit for 250 chickens only. He returned all the money and we calculated all the real cost and revenue we made.
The profit we made from 250 Chickens.
|Total We made||>>>||51.501|
We made less than profit we expected because of death ratio only. Also, the cost of per chicken was more than we expected. I was expecting it would not be more than 1.56 USD per chicken cost.
I will discuss with @kenny-crane how to use the profit of his share. I also decided to reinvest my money but we can't invest more than 250 chicken as an external investor.
For new batch, the room is ready and much-fixed investment made by my brother and his friend. We added fan as the weather is getting warmer. Tomorrow we will have another batch. And I have many work to do.
I am happy that we made some profit. This time brother wants to grow 2000 chickens. So I will invest for about 200 chickens and @kenny-crane will invest for about 50 chickens again. As he wants to donate the profit to @SchoolForSDG4 , So I will add 9.59 USD with school fund.
I am so sorry, I started to write this post 4 PM and now it is 4:30 AM. I am still writing but had break for facebook and curating posts. I was here and there some time but was very slow to make all things. Sometimes my posts take long time because of my poor English. Hope you guys understand my writing.
N.B: By upvoting this post you are supporting me @Azizbd personally, not my charity @SchoolForSDG4
Please contact me @Azizbd for any information https://steemit.chat/direct/azizbd .
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