Agricultural Farming Business Ideas, Do you know that Agricultural businesses are the most lucrative businesses globally? Apart from the low-cost of start-up and running the business, agricultural businesses turn out a huge profit of up to 100%. With the increase in unemployment, young people are now embracing agriculture, which was erstwhile considered a dirty business reserved only for the poor.
Agricultural Farming Business Ideas
What are the best agricultural business ideas to start in 2021? The agricultural sector is one of the most flourishing sectors in any economy. With proper strategic planning, any individual with a basic knowledge of farming and manufacturing can start a profitable agriculture business. There are more than 100 agriculture businesses that are growing these days rapidly. In this article, we will take you through the top 20 demanding agri-businesses.
The agriculture sector is a huge and vast sector that includes many other things like forestry, animal husbandry, and fisheries. Every agriculture-related business is done with passion, and commitment can reward you with an excellent income.
To start an agribusiness, two things are essential – your ability to work and how much you can invest in the business.
Some of these agriculture businesses can be done with less capital, while some may require huge capital investment or farmland. If you are looking for a low-cost agricultural business, then this guide is for you.
This post will show you the most lucrative agricultural and farming business ideas you can start this 2021.
The demand for milk, as well as milk products, always remains high. Hence we can say that the dairy farming business is the most profitable agricultural business in any country.
To fully venture into dairy farming, comprehensive knowledge of the business is important. Starting from breeding, calving, weaning, milking, feeding, farm management, manure, e.t.c, they all require expertise. And you can build expertise from previous experience, training, or employing a dairy consultant’s service.
In a case where you do not have prior experience, you can consult an expert or work for some time on a dairy farm. This will help you understand how to manage cows and how the business is operated for profitability.
It is important to remember that a dairy farm is a business. Development of a detailed business plan and a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) of your plan and the resources you have available will be critical to your business’s success. How many cows will you milk? Where will you market your milk? Will you hire employees? How much money do you need to live on after the dairy bills are all paid? Your business plan should include a cash flow plan that will help you set reasonable expectations for your expenses and production cost.
It is a capital intensive venture involving a long-term investment plan and proper management. The overall success of a dairy farm business depends on the cow’s ability to live a healthy life, produce milk, and have calves that can become the next generation on your farm.
Poultry farming is one of the fastest-growing & most profitable agriculture businesses. It has transformed into a techno-commercial industry from the status of backyard farming for three decades. It is considered to be the fastest-growing sector of agriculture and farming business.
Chickens and other poultry birds are not just easy to breed, but they are also very prolific. Three months old adult hen can lay as little as six eggs every week; selling these eggs alone is enough to sustain you. Poultry farming is easy and cheap to start, cheap maintenance costs, and have a very high demand.
There are so many things that you can profit from your poultry farm. You can harvest and sell eggs, meat, feathers, dung for manure, and chicken dung for fish feed. You can easily start a business in this industry, grow, dominate, and make money.
Rearing a chicken doesn’t cost much apart from buying poultry feeds. High-quality feeds can make your birds grow bigger, and properly administered medication will keep them healthy and prevent an outbreak.
If you want, you can create a completely automatic system since most domestic birds can look for food independently. You only need to supervise the entire process.
Over the years, quite a few people have made fortunes from fish farming, as the population is swelling and protein needs are far outstripping the available supply. Food is always a winner in any country or environment if done well.
Fish farming is raising fish commercially in tanks & ponds to produce food. Commercial fish farming has already been established as a profitable business venture all over the world. This business can be done at any time of the year. It requires modern techniques and moderate capital investment. Interestingly, you can easily raise the fishes in tanks until they are ready for selling or marketing.
But that aside fish farming can also easily be integrated with snail Farming and poultry farming. The fishery is very profitable since its cost is almost the same as the poultry bird, but fish farming can be expensive to start up in some countries.
Mushroom Farming Business
The untapped potential of these fungi is so much that your room can no longer be your bank if you invest in the production. Mushrooms are rich in vitamins, protein, and minerals; they are favored over meat or even fish by some people, considering the nutritional value and superior health implications.
A mushroom farming business can mean big profits in just a few weeks. Plus, starting your own business growing oyster mushrooms for profit is fairly easy. It requires a low start-up capital investment. Even with a little knowledge of mushroom growing and a farm, a mushroom farming business can be done. Mushroom production increased after this food’s benefits became popular, and its demand shoot p world wild.
Not many people know that this business brings up to 500% profit. If you have a clean space in your home, you can start your own mushroom farming business today and start selling mushrooms to hotels, exporters, and pharmaceutical companies in the next 21 days.
Fruits and vegetable Farming
The growing of vegetable crops is primarily for human consumption. Fruit and vegetable farming is the cultivation of fruits and vegetables for human consumption. They can be grown by planting them in hanging baskets and window boxes or sown into the dry or moist ground and widely consumed in many places worldwide.
If you have cultivable land and people who can work on it, you can start growing different vegetables. Growing fruits and vegetables can be highly lucrative but also risky. Knowing the techniques that correspond to specific fruits or vegetables will help you develop a business and a successful crop program.
You can also export fruits and vegetables by buying fruits and vegetables from local farms or farmers and supply them to big cities or urban areas. The export of fruits and vegetables is a very profitable business with low investment.
Corn or maize has emerged as the most versatile crop. It can be grown under different climatic conditions. The Maize farming business has definitely been thriving in most African countries for decades. Maize, also commonly known as corn, is one of Africa’s most popular food crops. Maize is cooked in various ways, and millions of people rely on this crop because it usually costs less than wheat, rice, and other common grains and cereals.
The importance of Maize production in Africa cannot be overemphasized. A lot of by-products are gotten from Maize. Maize production gives birth to many other consumables, and some of them are Pap, Custard, Corn Oil, Alcohol, Cornflake, Animal/Livestock Feeds, Corn Flour, and Corn Starch.
By selecting good quality seeds of maize, you will get bumper yield, which in return will give you good money.
Rice farming is the cultivation of the rice plant for human consumption. It is grown from the seed of the grass species Oryza sativa (Asian rice) or Oryza glaberrima (African rice) and is the most widely consumed staple food worldwide. While rice farming is mostly only possible in certain countries or regions, rice can practically be grown anywhere if a highly efficient water-control mechanism is in place.
It is important to factor in the storage costs to keep the products healthy before you start. You can raise capital for the rice business in various ways. Due to the land required, rice farming will require significant capital to launch. But costs can be reduced if you own land or go into partnership with someone who owns the land.
Due to the technical knowledge required to start and maintain a rice farm, detailed business planning and research should be carried out before you start.
Considering that Africa has a huge market for rice, if you are looking for a lucrative agricultural business idea in Africa, you need to consider entering the rice farming business, which is undoubtedly one of the most profitable businesses in Africa’s agricultural sector.
Many entrepreneurs are taking on various agriculture areas, disrupting and transforming them into viably successful endeavors using information technology.
From maize farming, rice production to poultry farming and fishery. Farming is starting to recover its age-old respectable reputation.
I don’t want you to miss this opportunity to get started on your dreams! Take the first step towards making money and living the life you want. Pick an idea now, execute your plan, and earn some money with any of these agricultural business opportunities, and I will see you at the top.