Sunday, 5 December, 2021
logo
BUSINESS
-
MUSTREAD

Master's in Maths, Timilsina turned into buffalo farming and now earns Rs. 2 lakh a month



Master's in Maths, Timilsina turned into buffalo farming and now earns Rs. 2 lakh a month

By Kedar Timilsina, Banepa (Kavre), Oct. 11: A master's degree graduate in Mathematics, Prakash Timilsina was known as a teacher and cooperative worker till a few years ago. But, now his identity has changed as a successful farmer and entrepreneur.

In this sense, his daily routine differs from many other youths.

Prakash, 35, spends his entire day in the care of his buffaloes after waking up at 5 am.

The farm which he set up in 2005 at Banepa Municipality-5, Ghokechaur, homes 23 buffaloes and newborn buffaloes.

Parakash was a teacher till 2007 and then he entered cooperative profession.

While working for other, I could only made a living out of the income. Though I built a good circle but I could not see any future so I started my buffalo rearing business with a mindset to set my own business, said Timilsina.

The farm which was started with 5 lakh rupees investment has more than Rs. 10 million investment up until now.

Timilsina said that he was earning up to Rs. 70,000 a month from teaching extra classes at private institutes and earned a good salary even while working in a cooperative as well. But, he entered the buffalo breeding business as a long run career plan.

Six people which include Prakash’s father, mother, brother, sister in-law and his wife are busy taking care of the buffaloes as a daily routine in the farm.

At present, his children also give helping hand in the farm as the schools are closed due to COVID19 pandemic.

Meanwhile, 159 liter of milk is produced by Timilsina ’s farm each day.

Prakash sells 20 liters of milk every day from his home, while he sells the remaining to the two dairies located at Banepa.

The pricing of the milk from my farm is Rs. 110 per liter, said Prakasah Timilsina, owner of the buffalo farm.

I have borrowed loan from Prime Commercial Bank in order to run the farm business, he said.

Timilsina plans to increase the number of buffaloes to 50 in the near future.

Timilsina earns around 60 lakhs per year from selling milk and saves up to 30 to 35 lakhs per year after deducting the household expenses.

He buys other new buffaloes and pays up instalment of the Bank loan from the savings.

Children'a education and household expenses are also managed by the savings, he added.

“I have not yet borrowed money from others to pay interest, installments and educate my children,”he added.

He has been selling calves, dung manure and vegetables produced on the land adjacent to the farm.

He said that he earned Rs. 72 lakhs from the farm business last year but about 50 percent of the earning was spent for cowshed and fodder for the buffaloes.

Timilsina said that he had a big loss in 2017 just after two years of starting a farm, following the death of the buffaloes.

As many as 14 buffaloes were killed because of the high fever which had cost me around Rs. 20 lakhs loss, added Timilsina.

The relatives and neighbors suggested me to start another business after the death of the 14 buffaloes. But, I started again after the failure, said Timilsina.

Timilsina shared his experience by saying that there was no need to venture the foreign employment prospects for Rs. 25-30 thousand a month income if one can work hard in the country.

He said that talks wee underway with various organisations to make compost manure by processing 1,000 kg of dung annually in the coming days.

At present, he has different buffaloes that cost Rs. 1 lakh to 2.5 lakh.

Necessary fodder for the buffaloes is being brought from Kavre, Chitwan, Jhapa districts.

He says that business can be successful if it is done with long term concept.