Money Making Agriculture Business Ideas With High Returns
Agricultural businesses are booming and will continue to expand as long as humans continue to live on the face of the earth. Why? You may ask because people must eat so long as they are alive. Food is a primary need for human survival.
There has never been any time humans had no business with food. Why am I talking about food? Because it is the primary product of agriculture. Hence, our interest in the most profitable agricultural businesses.
Many people, most especially the youths are after white-collar jobs which are few or sometimes non-existent in some cases. This has succeeded in creating a job application frenzy while neglecting a very vital and profitable agricultural sector which could provide a huge bailout to the jobless graduates roaming the streets in search of white-collar jobs.
Are you in need of good new product ideas related to the farm business?
GUIDE: SAMPLE AGRICULTURAL PRODUCT MARKETING PLAN
In this article, I shall be writing on the most profitable agricultural businesses that have the potential of being a money-spinner to those dedicated to following through with the advice given herein.
Search through the blog for a practical business plan and business proposal for many agro-allied businesses.
Looking for lucrative farming business ideas for villages? We need small agribusiness business opportunities. Interested in starting an investment in agriculture?
Here are some of the top agro-allied business ideas and opportunities:
If you thought agriculture was meant for only the illiterates and semi-literates to think twice. In America and Europe, farmers are among the richest people. This article will show you why;
GUIDE: STARTING AN AGRICULTURE BUSINESS
Agro-Allied Opportunities for Farmers
Pineapple is very high in demand both locally and internationally.
This is what makes it rank among the most profitable agricultural business today. Pineapple is used in making fruit juice, salad, and also dessert. It is high in vitamins, which include vitamins B1, B2, B6, and C.
The demand for pineapples is high locally and is also demanded as raw material for the production of fruit juice by food and dairy companies. They are also exported to countries such as the USA, Europe, and Canada.
With a relatively small capital, you can be able to make use of scientific innovations in the field of pineapple cultivation to effectively grow them and sell them profitably both to the local and the international markets.
The rearing of cattle is among the most profitable agricultural businesses today. Here, cows are reared, sold, and slaughtered for mainly economic and consumption purposes.
Although it might seem to be a difficult economic enterprise, in reality, it is not so. There is always a demand for meat, dairy products for the dairy industry, and hides and skin for the leather industry.
The various sectors tied to cattle farming make it a unique business worth venturing into.
Another feature of cattle farming which makes it one of the most profitable agricultural business is that it that the time taken for cattle to reach maturity is not much.
Take for instance a young bull bought at the rate of $200 solely to resell when it reaches maturity, to extract a profit, the time is taken for it to reach full maturity is less than a year. And when reselling the same bull, after 9 to 10 months, the same bull is sold for over $1000 to $1500. Thereby, making more than 100% turnover.
The dung gotten from the waste of cattle can either be sold to organic fertilizer industries or can be used directly for the cultivation of food crops.
Selling of Grains
Food crops such as grains (maize, millet, sorghum among several others) are one very key sector of agriculture. Their huge potential to generate profit places them among one of the most profitable agricultural businesses today.
Here, places, where these grains are mostly cultivated in large quantity, are mostly in the Northern part of the country.
A wise entrepreneur would simply place him/herself in a strategic position to be a supplier of these grains to areas where they are in short supply.
This is of course not possible without carrying out a feasibility study on how to go about the business. But once this is properly done, I bet you that the rewards far outweigh the challenges.
With the growing population in the country expanding rapidly, you can rest assured that the selling of grains will continually be among the most profitable agricultural businesses for many years to come.
Pig Farming (Piggery)
Among the most profitable agricultural businesses is pig farming. Although this is a sector that is quite controversial along religious lines, there is a big market for pork. It is consumed in many countries in Europe and America, and also in Africa and locally.
In a place like Africa for instance, it is well consumed in the south more than in the north. Hence, entering into this line of business presents high financial rewards, making it firmly rooted in the most profitable agricultural businesses today.
Pigs eat everything thing. They are omnivores, as a result, making them one of the least expensive businesses to partake in, yet with high turnover, a reason why it is among the most profitable agricultural businesses today. A female pig can give birth two times within a year and for each time, gives birth to within 10 to 15 piglets.
Cassava farming is a largely profitable agricultural business because it is used for the production of several other food products. This crop is used to produce Garri which is very widely used in Africa today.
Cultivation of cassava is certainly among the most profitable agricultural businesses today, as it has the potential of generating enormous profits for the farmer.
This is a sector that is still trying to cope with the demand for its product. Because of the potential inherent, it naturally places it among the most profitable agricultural businesses today. With a potential, if well harnessed to raise multi-millionaires.
There are several materials online that give a detailed guide on how to start in this line of business and how to succeed. Hence, there is no gainsaying that the economic lives of people will be changed once they are engaged in an agricultural line of business.
GUIDE: SAMPLE BUSINESS PLAN FOR STARTING A SMALL SCALE FARM
Best Low-Cost Small Business ideas in Agriculture
==> Cultivation of food and cash crops
==> Flowers, medicinal herbs, and gardening
==> Production and formulation of livestock feeds
==> Establish a small poultry farm
==> Fingerling production
==> Cultivation of mushroom
==> Production and sales of frozen chicken
==> Rabbit production
==> Marketing of fresh fruits
==> Retailing of foodstuff
==> Fish farming
==> Grasscutter rearing
==> Reselling Charcoal
==> Snail Farming
==> Source for agro-raw materials for urban manufacturing companies
==> Assisting rural farmer in foodstuff export to neighboring countries
==> Start connecting rural farmers with exporters using the internet
==> Producing coconut and fruit juice
==> Production of Weed Killer
==> Keeping bee for honey production
==> Toasted plantain (Boli)
==> Plantain Chips Production
==> Producing custard
==> Design of Poultry Pen
==> Sales of Mobile fish ponds
==> Manufacture of local drinks
==> Produce baskets, brooms, cane chairs, ropes, etc from palm and raffia
==> Agricultural product Export and distribution
==> Sales and maintenance of farm equipment
Finally, I will be delighted if you seize any of these opportunities to start a business in agriculture. Start now!
PROFITABLE AGRIBUSINESS OPPORTUNITIES
There are lots of low investment agriculture business opportunities in Africa but the average investor is not looking in the right direction. Everyone is fighting over getting a white-collar job. Because emphasis has not been made in the area of agriculture.
To open the eyes of the youth about creative agricultural business one can go into and make millions.
Our time President saw the prospects in some new thriving agribusiness ideas and did not let it go even while a President of the Federal Republic of Nigeria. There are so many sources of viable farming business ideas with high returns one can venture into in the agricultural sector that if well nurtured will bring in millions over time.
In this post, I will be revealing 5 successful agricultural businesses and other parts of the world one can start right now with low capital and over 2 years will get back their capital with enough profit to expand these innovative farming businesses.
Let’s get started with these booming farm-related business ideas in rural and urban centers.
TYPES AND EXAMPLES OF FEASIBLE AGRICULTURAL BUSINESSES THAT ARE LUCRATIVE
1. Backyard Nursery
First, do you know what is the nursery? A nursery is where seeds are raised into seedlings. They are some seeds, because of their nature, you can’t plant them directly on the soil. For example, Cocoa, Palm tree, etc. You have to raise the seeds in the nursery before transferring them to the field.
Now, what I am saying is that you can use your backyard to raise healthy seedlings of any tree or plant of your choice and sell them to farmers who need them. I have a friend back then in school who was raising seedlings from Cocoa. I don’t know how she got the seeds but she sold the seedlings for N500 per one. She only spent money on the seeds and the black nylons used in nursing the seeds. You don’t need a big space in your backyard.
All you need is an open space, black nylons, and seeds. If you don’t like this top money-making agriculture-based business, read further.
2. Fish Farming
This one is a very big market. America needs fish every day because You and I must consume it in our food daily.
Anyone can start a fishpond behind their house and earn money from this hot agribusiness idea. There are so many opportunities in this fish farming. You can decide to be hatching and selling fingerlings (small fishes) to other small fish farmers.
You can also choose to be producing fish foods for fish farmers.
I can’t cover all these in this post. You can request it personally. But I am also sure you should do your research to get more information especially about securing agric loans. All you need is good training and proper orientation on this list of business ideas in the agric sector to work with. If other people can make millions, you too can.
3. Pig Farming
I know what just came to your mind. “Dirty, Flu, Flies”. Let me quickly tell you something. There is a lot of money from easy pig farm income ideas. I have heard of a lady who went into pig farming in her twenties and was making over a profit of N300,000 monthly easily.
You can open a bush bar where you can call Pork Meat Joint. The only meat that will be sold is cooked pork with pepper soup and fried pork with drinks. Did I just hear you shout! Just make sure it is a place where people don’t have a bad belief in the meat. Don’t forget to contact an expert on this animal farming business.
4. Snail Farming
This meat sells like crazy. Though it has its advantages and disadvantages that do not rule out the profitable side of the small businesses in agriculture. This good business related to agriculture can be done in the house no matter how small the house may be.
Wealthy people like me (wink) who knows the nutritional value always order for it. The snail meat is scarce in a place like Abuja and other big cities. You must consult an expert before you embark on this low cost profitable agricultural business.
5. Crop Farming
People run from this innovative agriculture business because there feel too big for it.
Crop farming involves the growing of crops like maize, beans, cassava, yam, rice, etc. This is for people mostly living in rural areas. You can’t do this in the city because of the availability of free agricultural lands.
READ: 10 Most Lucrative Plants to Cultivate
Though not compulsory but you should be the one in charge of your farmland. You can also hire laborers and pay them. Just do your calculation very well. It takes time but is very profitable.
It is all about planting your crops and harvesting them when due.
SMALL SCALE AGRICULTURAL BUSINESSES AND INVESTMENT OPPORTUNITIES
What is Agribusiness? Are you interested in starting new small business ideas in Agriculture? The agricultural business is one entrepreneurial establishment where you can make your cool cash without much stress. Have you been racking your brain on how you could start your own agricultural business?
Below are tips on how to start a low-cost agriculture business today!
There are different classifications of successful agricultural business ideas, which are;
AGRICULTURE & AQUACULTURE
Most practical agricultural ideas can be divided into; planting productions and rearing of animals. Planting production can be in any of these forms depending on what you think, it soothes you.
1. Production and marketing of livestock feed: You can hit the nail on the head by grinding grains like maize, corn to start up. These can be for poultry and fishing feeds.
2. Peanuts production: Countries in south American plant peas in making treasury as they export to industrial and agribusiness companies manufacturing it all over the world.
3. Vegetable farming: After tilling, you can reach out for vegetable seeds to plant, spinach, and okra among others are good to use.
4. Juice production: Chivita, Viju started somewhere not as large as they were today but they start squeezing right from the passion they had, you can become more than them someday.
5. Nursery and Florist: You can meet experienced florists to get more knowledge adding it to yours until then you can beat the reach as a flower entrepreneur.
6. Pesticides mixing: You can start by collecting specified and examined plant that’s dangerous and harmful to pest. Start locally and you will be a move to step high.
7. Herbal mixture cultivation and production: You can also grow plants that can cure disease. Most medicine outside there are from plants
8. HandCraft: Palm tree is a Lucrative tree for you, brooms, baskets, and other furniture are made from it, take a move now.
9. Spices production: ‘Gino’ started locally as a tomato preserver now, she is known throughout the world, curry, thyme, peppers, tomato and the like can be your specialization.
10. Forestry: You can start planting trees in your home and help society with oxygen, you can also sell by transplanting.
11. Cashew nut production: Though this crop production business in the agriculture industry involves some special machinery to perform the task you can start under your roof before being globalized.
12. Flour production: You can expose the bald, by grinding grains like wheat, millet, corn, maize to make powdered food, I .e Semovita.
13. Agricultural equipment leasing: You can buy as much as capable local farm implements like tractors and start leasing (lending) to farmers and agriculturists for tokens.
14. Soya beans plantation: There are cogent nutrients in soya beans, it’s used for milk and soya beans cake.
15. Agricultural researcher: You can help farmers and other agricultural personnel to solve their years of the problem with the advent of science and technology.
16. Keeping farm record: You can be a farm recorder, you can become knowledgeable through keeping farm inventories.
17. Agriculture blogs and websites: You can give updates on a particular agricultural topic since the internet reaches rural and urban settlements. That could be a chip of approach for them since they can visit anytime.
18. Fertilizer production: You can match up different examined ingredients together to become a brand in this innovative business
REARING OF ANIMALS
You can partake in raising livestock like;
1. Keeping a rabbit
Rabbit is cunny and burrows animal, they fetch cool cash, I diligently ventured into this animal production business in the agriculture sector.
You can meet an entrepreneur for this, for knowledge starting an agricultural business because you’ll engage in rearing pigs.
3. Cattle rearing
Northern Nigeria values the rearing of cattle, it’s a source of money to them. Make a start with a token you can stand out owning your ranch and start this profitable agriculture-related investment idea.
4. Sheep’s and goats rearing
Though they are different in species many make mixture rearing to meet market demand.
This lucrative agriculture-based business involved the rearing of local birds. many homes today can boast of keeping petty poultry. They are kept in cages and fed day by day to become valuable on sales, birds like hens, cocks, chickens, peacocks, pigeons, and the likes.
It’s rearing of animals in water which are fishes, snails among others.
This involves the keeping of fish in an aquarium for consumption and selling purposes.
2. Snails keeping
Snails are 100% nutritious to our body, they involve gradual growth and anyone can venture into it, so far you have the passion. If you lay your hands on any of the fore-listed ones, you will surely be the next successful and distinctive entrepreneur.
That’s not all, there are some certain virtual steps you need to take as a vision bearer. Dedication, Discipline, Determination, Dedication, if you can put all this into your purse of vision, you will surely attain flying colors.
Thomas said, “The secret of success in agriculture and agribusiness is Timing, Fencing and Certified “.Though the start might seems tedious, hard and harsh but the end is success blessings in disguise”.
So following these steps will globalize your commercial agricultural business management. Hope this list of lucrative agribusiness and food business ideas has been a great help to you in going into a small agricultural business to become your boss.
To get an agricultural farming business plan and proposal, click here: sample business plan