Nabeyama Aquaculture is positioned in Lalou of Ngatpang State in the Republic of Palau. Managed and Owned by Rubeang Hiromi Nabeyama and his children. Mr. Nabeyama confirmed his perseverance in aquaculture by starting his own plantation business growing milkfish (Aol), mangrove crab (Chemang), two types of rabbitfish (Klsebuul and Meas), and various species of large clams (Kim). The newly opened-up farm is along the Compact Street on the Eastern coastline of Babeldaob easily. Nabeyama began with giant clam farm over about ten years ago.
Later on, Nabeyama got into mangrove crab farming. In 2016, Nabeyama furthered his curiosity about aquaculture by taking part in journeys with the Ngerdubch Corporation to the Philippines to learn more about fish farming. Nabeyama Aquaculture is in full operation now, with shares of rabbitfish, mangrove crabs, and giant clams being raised on the plantation. The plantation also conducted travels for primary college students through the recent Educational Awareness Week in March; tours are also available for locals and tourists alike. Why did you select to begin your own business? In the interview, Mr. Nabeyama claims that “moral to did a nickel,” this means the fish are reducing.
His eyesight is to ensure food security for Palau with local favorites through aquaculture-harvesting elevated fish and departing the wild fish stock time to recuperate. His plan is to raise fish sustainably, sell them at competitive prices, provide healthy food options, and contribute to research in Palau’s aquaculture. Nabeyama plans to add local types of shrimp to his farm.
What experience are you experiencing in this kind of business? Over 10 years ago, Mr. Nabeyama planted his origins in aquaculture through giant clam farming. From then on, Nabeyama added mangrove crabs to his repertoire. Recently, he attended field outings to the Philippines with the Ngerdubch Corporation to find out more about fish farming and aquaculture. The tiny, commercial-scale farm is a direct result of Nabeyama’s participation in Palau’s aquaculture industry and the agriculture/aquaculture loan packages available at the National Development Bank of Palau. How did the tiny Business Development Center help you? Palau SBDC helped Nabeyama with his aquaculture application for the loan package at National Development Bank of Palau.
- Pennsylvania – 94.4%
- Lack of determination and discipline may result in poor efficiency
- Big business
- First-Year Student
The Center helped him develop realistic financial projections for a business plan for his farm, Nabeyama Aquaculture. What was the start-up process like? How do you fund your business? Nabeyama Aquaculture was beginning preliminary with personal opportunities by Mr. Nabeyama. By using an unsecured loan from NDPB, Nabeyama was able to push the project forwards when money was low. His investment in the farm includes the land (both used as collateral and used as the farm), personal funds, and a whole lot of help from his family. What were some of the largest challenges you experienced through the pre-development and start-up process? There have been many challenges on the way, including developing the land into its present state.
The pre-development process required about half a year where the area of the adjacent mangrove forest was cleared and the two fishponds were excavated. Another hurdle along the way was the amount of time and cost of obtaining an Environmental Assessment (EA), as a requirement of environmentally friendly Quality Protection permit.
During this pre-development process, Mr. Nabeyama spent a complete lot of his time, personal funds, and effort into the farm. Nabeyama’s children also spent a complete lot of time and effort helping in the plantation development. What are your short-term and long-term plans for your business? Nabeyama programs to broaden his plantation along the coastal advantage of his property north. Additional ponds will be excavated, then stocked with more fish, crabs, and shrimp to meet up with the expected demand for produced seafood products locally.