Ready to breed some chocobos and obtain some super-powerful materia in FF7? You must be about halfway through Disc 2 before you can do so. In my first playthrough of Final Fantasy VII, I managed to breed a gold chocobo just relying on the Chocobo Sage's somewhat cryptic advice, Chole's interpretations, and a good bit of trial and error; but this guide should make it easier for you.
The Chocobo Sage's house can be found on the Northern Continent, hidden among some mountains. He's worth visiting just to pick up the enemy skill materia that his green chocobo will drop for you. TIP: If you save Yuffie's Pagoda battles for Disc 2 or 3, then you can make sure you get Trine on this enemy skill materia; Trine is the only enemy skill which is missable. Here you can find out a lot more about Enemy Skills...
You're going to need a fair amount of Gil to breed chocobos. The easiest way to raise cash in Final Fantasy VII is probably to sell a mastered "All" materia for 1,400,000 gil. Alternatively, you can buy a Sylkis Green from the Chocobo Sage, use the W-Item cheat to make it into 99, and sell them on at a nice profit, and repeat this process over and over (click here and scroll down for an explanation of the W-Item cheat). The main reason you need so much Gil is to buy Sylkis and Reagan Greens anyway (and the cost of renting out chocobo stables), so you could get away just using the W-Item cheat.
Visit the Chocobo Farm and rent out all 6 stables. Now you need to put some chocobos in them. In order to breed a green (mountain) and a blue (river) chocobo, you're going to need a "Great" and a "Good" chocobo of opposite genders. The chocobos you catch on the World Map all have their own rating, from Poor through to "Wonderful". Great chocobos can be found at the chocobo tracks in the Rocket Town area or the Mideel area. It doesn't matter which you choose. Just make sure you have your Chocobo Lure materia equipped, and wander around the tracks until you get into a battle featuring a chocobo. In the Rocket Town area, Great chocobos will always appear with 2 Valron or 2 Kyuvilduns enemies. Any other enemies and it's only a 'so-so' Chocobo. In Mideel, only the chocobos who appear with 1 or 2 Spirals are Great.
If you're able to defeat the enemies the chocobo is with in one hit, then you can probably capture it before it decides to run away, without using any greens. If not, feed the chocobo some greens to distract it while you defeat the accompanying enemies. As a general rule, the more expensive the greens, the longer the chocobo will snack on them for and be distracted.
Capture one Great chocobo. Hop off it and choose to send it back to the stables. Head to the stables, talk to Choco Billy and move the chocobo in.
Right, now to capture a Good chocobo. You'll find these in the Gold Saucer area, and they always appear with 2 Spencer. If you want to be as sure as possible you have one of the opposite gender to your Great chocobo, then capture 4 and send them all back to the stables. With 4 you have a good chance of getting a mix of males and females. Anyway, if at first attempt you don't capture a Good chocobo of an opposite gender to your Great chocobo, just keep trying. Once you have an opposite gender Good chocobo, talk to Choco Billy to move it into the stables.
Chocobo breeding goes better depending upon how well the chocobo is doing at the races...in the Gold Saucer. So race your 2 chocobos up to Class A in the Chocobo Square of the Gold Saucer. Just enter races and keep winning, and eventually you'll reach Class A. To help you with this, feed your chocobos lots of Sylkis and Reagan Greens to improve their stats (you can buy both from the Chocobo Sage). Keep feeding until there is no improvement in the chocobo (generally takes around 20 of either Sylkis or Reagan Greens). You can use the L1 L2 R1 R2 cheat while racing (holding these buttons down will refill your stamina) to help you win.
OK, got 2 Class A chocobo? Just one final step...you need a special "Carob Nut". You can get these from a monster called "Vlakorados" near Bone Village on the Northern Continent. Vlakorados looks a bit like a dinosaur. If he doesn't drop the Carob Nut after battle, just steal it from him.
Breed the Great and Good chocobos using the Carob Nut. You should now have either a blue or a green chocobo. Take a break, as you can't breed 2 chocobos again straight away. Do some other sidequests, fight some battles, whatever. Before breeding again, save your game, so you can try again if you don't get the other color chocobo of the opposite gender (and don't forget to use another Carob Nut). The green and blue chocobos have to be opposite genders, because we're going to mate them to make the...
You get a black chocobo by mating a green chocobo with a blue chocobo, again using a Carob Nut. Make sure your green and blue chocobos are both Class A before you mate them. Once you have the green chocobo, you can already pick up a powerful materia from the World Map that was previously inaccesible: Mime materia from the Southern part of the Western continent.
Then once you have the black chocobo, you can pick up the HP <-> MP materia from the desert area near the path to Corel, and Quadra Magic materia on an island to the East of Mideel. The black chocobo can cross mountains *and* rivers, as well as shallow waters. Remember, all of these World Map materia are located in caves.
Time to move on and find out how to breed a...
Step one is having the black chocobo, which is already done. Now you're going to have to capture a "Wonderful" chocobo. These are located on the chocobo tracks near Icicle Inn, in the Northern-most continent. The Wonderful will always appear with 1 or 2 "Jumping" enemies (the rabbit type creature) only - if you get a rabbit and a wolf, it will be a "Poor" chocobo... Capture 4 Wonderful chocobos and send them back to the stables, again with the idea of getting a mix of males and females, so you have one that's the opposite gender to the black chocobo.
Once you have a chocobo of the opposite gender and you've moved it in to the stables, the next step is to once again race the black and Wonderful chocobos at the Gold Saucer (don't forget the Sylkis and Reagan Greens!). Except in this case, race them all the way up to Class S, the Class above Class A.
To breed a gold chocobo, you need a "Zeio Nut". You get these from Goblins on Goblin Island, an island located towards the North-East of the World Map. If the Goblins aren't dropping it after the battles, just steal it.
Breed the black and Wonderful chocobos, using the Zeio Nut. You should now be the proud owner of a gold chocobo, or a mountain-river-shallow water-ocean chocobo. Take your new chocobo across the ocean to the very very North-East of the World Map, near Goblin Island. Here you'll find an island you can't land on with your airship, as it's all forest...and one cave. Inside the cave you'll find Final Fantasy VII's ultimate summon materia, Knights of the Round.
Your gold chocobo should also be very fast, great for winning races. Spend some time collecting the various prizes at the Gold Saucer.
You can also earn a gold chocobo by defeating Ruby Weapon, and swapping the Desert Rose item which he leaves you with a man upstairs in one of the houses in Kalm. However, this gold chocobo is quite slow for chocobo racing, and also it is very difficult to defeat Ruby Weapon without already having bred a gold chocobo and obtained the Knights of the Round materia.
Limit Breaks Guide
Enemy Skill Guide
Final Fantasy VII Remake Guide
List of Every FF7 Title
Other FF7 Websites