If you are looking for a business that you can start from home, worm farming is a great option.
You need a warm, dark and dry area. You can start with a homemade worm farm or buy a new worm farm kit.
Who buys worms?
Gardeners appreciate earthworms. Increasingly, they are also being appreciated by small and large companies who use sycophant darlings to turn organic waste products into nutrient-rich compost.
You can sell the worms or sell the compost they produce. or both. Or you can sell it to fishermen.
Cleopatra issued a law prohibiting the removal of earthworms from Egypt. He credited them for the way they improved the rich soil in the area.
What is a worm farm?
In simple terms, worm farms are a community of worms. Worm farming is also called worm farming.
Worms multiply because they recycle food waste and other organic waste into compost. You can sell worms and/or compost.
How does a worm farm make money?
Worm farming is becoming increasingly popular, which makes making money much easier. The same goes for insects and other mushrooms. If you are looking for worms, it is also useful to know how to start a cricket farm or how to start a mushroom farm.
- Sell them to accommodation facilities such as hotels, motels, inns, and B&Bs. They use worms to fill their compost bins.
- Sell them to gardeners and nurseries.
- Selling compost produced by worms.
- Sell it to fishermen and bait shops as fishing bait
- Sell it to animal feed producers (worms will eat their droppings).
- Sell them to fish farmers and crops.
- Selling “starter kits” of worms to homeowners to help them recycle kitchen waste.
- Worm tea for sale. This is the liquid you get by soaking worm compost (after removing the worms) in water.
How much money can you make starting a worm farm?
Let’s talk about numbers.
You can sell worms by numbers or by pounds. Current prices are $10 per 300 worms or about $30 per pound. Worm castings (yes, their tube) sell for about $3 a pound.
In an area of 3-400 square feet, you can grow about 15,000 worms. These worms will produce about 5,000 pounds of castings per month.
2,000 worms will weigh about 2 lbs. Every 2 pounds of worms need 1 pound of worm food per day.
Let’s say you have a good source of organic matter (leftovers) that you can use to feed all the worms. Within a month, 2,000 worms will produce about 666 pounds of worm castings per month. This equals about $2000.
They will also use those warm, dark, dry conditions to produce more worms. In bed you will see small oval balls, which are worm eggs. Each egg should contain several worms.
How much can you do? This depends on how many worms you have.
14 Simple Steps to Starting a Worm Farm
How to start a dodd farm is not rocket science. With the right preparation, your labor will be reduced, and you will also likely be raising healthy worms.
1. Name, trademark and registration of your business
Before you choose a name, check with your Secretary of State to make sure the name hasn’t already been taken. Choose a name that reflects the type of client you are looking for. An attractive name will help your brand.
2. Create a worm farm business plan
All businesses must have a written plan for setting up, maintaining, and growing your business, and worm farms are no exception to this requirement.
Also develop a mission statement that describes your reasons for running this type of business.
Include your estimates of expenses and income and a plan for expansion.
3. Sorting taxes, licenses, permits and insurances
Check with your state’s Department of Agriculture for any special permits you may need to raise worms. For example, you will likely need an in-state transfer permit if you sell worms across state lines.
You will also need:
- Business Operation Permit
- A federal Employer Identification Number (EIN) so that you can report sales tax.
- sales tax declaration
- liability insurance
- Commercial property insurance (or home occupancy insurance if it starts at home)
- Workers comp if you hire employees.
4. Choose a worm type
There are about 3000 species of worms. The ones you will sell are earthworms, there are 3 main types of earthworms. One species survives in the soil and another species lives in deep, vertical burrows in the soil. You don’t want any of these types.
Worm farms use Epigeic worms that live on the surface of the soil and feed on organic matter. The most common are red suckers, which multiply rapidly to increase your worm count.
5. Formation of a business entity
Choose from the following types of business:
- Sole Proprietorship
- Limited Liability Company (LLC) – The best option, as it protects your personal assets from legal claims.
- s . company
- C . company
6. Create a feeding schedule
As mentioned earlier, feeding is a 2 to 1 ratio. Every 2 pounds of worms need 1 pound of food per day.
The best course of action is to feed daily. This way you won’t have annoyances like smell or fruit flies coming from your organic food source.
7. Purchase the necessary equipment
The list of necessary equipment is simple: worm bins, a drill and a spade bit (for making holes), gloves, large and small turning forks (for composting), trowels, compost.
8. Make your own worm box and add scraps
You can make a worm box. You can have a small worm farm or grow it to a commercial size.
The worm bed area should be maintained between 40 and 80 degrees. You can use a wooden or plastic box. In fact, many make their first boxes using an old dresser – making sure to drill holes first in the bottoms of each drawer before adding worm bedding. An old wardrobe makes a good worm house. Plastic boxes are easier to clean and sterilize.
You can buy an initial container ready-made for worms on Amazon for $50 and add a second container or two later.
Prepare the box inside by starting with a layer of newspaper or a cardboard grocery bag at the bottom. Add the compost you prepared on top of that. You can buy compost or make your own compost to create a file
You can make your own ultimate compost bin by combining ingredients such as garden soil, coffee grounds, leaves, fresh horse dung, shredded newspaper (or other shredded leaves), crushed eggshell and other materials. Fresh compost will contain weed seeds but that’s fine. You will need a large pitchfork to turn the compost as it ages. Wet bedding is fine, but there should not be excessive moisture.
Once you’ve added enough compost to the bin (while leaving room on top for the food layer and lid), you can add kitchen scraps like vegetable scraps, other food scraps, and even some fresh foods like citrus fruits. Rotting food waste should be used to make compost, not used to feed worms.
9. Putting worms in the trash
Add the worms to your worming compost bin, and spread them out to keep the worms happy.
Cover the worms with about 5 sheets of damp newspaper (soak and wring out the sheets). Worms are very shy of light and will only eat covered leftovers. They will not work inside exposed food.
Add food scraps to your worm plant daily. In about a month, your bin will be filled with valuable worming compost.
10. Marketing your business
Join the local Chamber of Commerce. Create a website and social media presence (FB). Attend Ag fairs and garden shows.
Offer to come to schools and talk with students about how worms work and all the benefits they have to offer. Offer to donate a starter worm farm to a science class.
Here’s a cool fact about worms – these red wobblers are crazy about pumpkins, cantaloupes and watermelons. Right before harvest, you can withhold food for a day and then introduce one or all of these three foods. The worms will rush to the top of the box.
You will have to put bits of basket material on the tarps or plastic sheeting. Once you’ve picked the worms, you can make the worm-causing sap. Compost worms produce castings of worms that enrich the soil.
12. Sell your worms
Sell the worms to the markets you created: gardeners and nurseries, housing and food establishments, landscapers, homeowners, etc.
13. Consider selling by-products
Compost tea, made by soaking soil rich in castings in water, is a soil macronutrient.
Or you can choose the castings and sell them for about $3 a pound.
14. Grow your business
Customer service is the key to any organization’s growth. Whether it’s raising fish or worms, getting the word out is key. Educational talks in schools or at special events will also grow your business out of the ordinary.
Provide introductory letters to potential clients, as well as to potential sources of junk and other foods for worms.