How much investment capital does soil insect (ground beetle) farming require?
The soil insect is a traditional Chinese medicinal material with high medicinal value. In the past it was mainly collected from the wild, but as collection volumes gradually decline and medicinal demand gradually increases, wild soil insects can no longer come close to meeting market demand, making artificial farming a necessity. Therefore, soil insect farming has important value and benefits. Let us take a look below at how much money it takes to farm soil insects!
How much money does it take to farm soil insects?
Investment in soil insect farming can be large or small. Taking a 20 sq m house as an example, a 20 sq m house can accommodate 80 sq m of multi-tier farming tanks, and the investment in the farming tanks is 1500 yuan. Every 7 liang of eggs can stock 1 sq m of farming tank, so 80 sq m requires 56 jin of seed eggs. Seed eggs cost 116 yuan per jin, that is, 116 yuan/jin * 56 jin = 6496 yuan. Each sq m of farming tank requires about 25 yuan (including labor and materials), each sq m requires about 30 yuan of feed, 80 sq m requires 2400 yuan, and electricity costs about 200 yuan. Therefore, the total investment cost for farming soil insects in 20 sq m is 10596 yuan.
How much money can you earn farming soil insects?
Farming soil insects: 7 liang of eggs stock 1 sq m, producing 12 to 14 jin of dried product; an 80 sq m farming tank setup yields 80*12=960 jin of dried product. At the current price of 25 yuan per jin for dried soil insects, that is 800*25=24000 yuan. Subtracting the earlier investment of 6496 yuan (seed egg money) + 1500 yuan (building farming tanks) + 2400 yuan (feed money) + 200 yuan (electricity) = 10596 yuan, that is 24000 yuan - 10596 yuan = 13404 yuan. Therefore, farming soil insects in a 20 sq m house can earn about 13400 yuan.
Is soil insect farming real?
Soil insect farming is real, and farming soil insects really can make money, but it is by no means the huge profit advertised, such as ads claiming “invest a few thousand yuan to buy a few hundred soil insects, and a year later earn tens of thousands to hundreds of thousands” - such ads are all deceptive. At the same time, farming soil insects also carries certain risks, mainly poor seedling quality from the seed supplier, inadequate soil insect farming techniques, and fluctuations in the price of the medicinal finished product.
How to identify specialty farming scams
1. All specialty farming scams share one thing in common, namely hype built on concepts and theories. The main arguments and evidence are “things are precious when rare”, “products entering the high-end market fetch good prices”, and so on. Concept-and-theory hype is the first step in almost all scams.
2. Media placement is an essential tool for scammers. They place an ad in the internet, magazines, newspapers, television, DM and every other medium, or even falsely claim these media ran the ad, so do not readily believe media advertisements for get-rich projects.
3. Putting on a two-man act is the most commonly used trick by scammers. When a prospective investor visits the farm, they arrange for their own people to keep calling in to “ask for goods” or to “come in person” to place orders, and they often “quote high prices” too, which fools most visitors.
4. Some scammers play the trick of borrowing a stage to put on a show. These scammers are not even bare-handed wolf-snatchers; they have no farm of their own at all and rent someone else's farm to fool visitors. This trick is usually aimed at swindling technical training consultation fees and seedling fees.
5. Many specialty farming scammers play the buyback guarantee trick, which in essence is just a gimmick to sell seedlings at high prices. Once the seedlings are sold, the people can no longer be found, and even if you find them, they use all kinds of excuses to refuse to buy back.
6. Some scammers create false impressions and play on the concept of scarcity. Exploiting the information asymmetry of farmers and other groups, they pass off non-scarce varieties as scarce ones and sell seedlings to farmers and others at high prices. Other scammers sell poor-quality seed stock to farmers while passing it off as good stock.
7. Some scammers are even more direct in their fraud, selling fake seedlings to farmers. Some scammers deceive farmers by exploiting their ignorance of the differences between subspecies; some use artificial means to dress up and counterfeit the seedlings; and some use drugs to fatten up ordinary species.