How Do Coral Farmers Make Money? Coral Propagation for Profit

First step is setting up a planned coral propagation tank. Reef aquarium owners know the costs. It requires preparation and commitment. It’s a profit making hobby that can be a business.
Most tank owners are 35-70 year old men. Coral farms sell viable coral to wholesalers, retailers, and clients. Different corals have varying prices. Easy to propagate corals are cheaper with higher turnover. Prized corals can sell for thousands. Corals average $30-$50 retail. Wholesale prices are less. Profit depends on costs and sales volume.

Coral Farming Basics

Some think corals adapt to the environment by evolving ways to deal with conditions. For example, some thrive in murky water while others do well in warm lagoons. The GBR employs 64,000 people and contributes $5.2 billion yearly to Australia’s economy from tourism.
Growing a coral farm can recover aquarium costs. Each coral needs specific care so know what you’re growing. Some share environments well, some don’t. More species may need more tanks for spreading. Craft your farm around the corals you want to grow.

To grow coral for profit, it is necessary to have at least one suitable tank for them to spread. Thorough research on fragging techniques, water parameters, feeding needs, and growth control is key for corals to prosper. Equipment and expenses are also vital factors. Keeping a coral farm for profit may be a very rewarding activity, both financially and entertaining.