Profitable Agriculture Business Opportunities And Small Agro-based Investment Ideas To Start
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 have never been anytime 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 farm business?
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 practical business plan and business proposal for many agro-allied businesses.
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 think twice. In America and Europe, farmers are among the richest people. This article will show you why;
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 vitamin 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 diary companies. They are also exported to countries such as the USA, Europe and Canada.
With 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, but in reality, it is not so. There is always a demand for meat, dairy products for the diary industry, and hides and skin for the leather industry. The various sectors tied to cattle farming makes 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 for the purpose of reselling when it reaches maturity, in order to extract a profit, the time 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 at 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 be 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 which is quite controversial along religious lines, but 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 among 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 to the farmer.
This is a sector which 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.
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 food stuff
==> Fish farming
==> Grass cutter rearing
==> Reselling Charcoal
==> Snail Farming
==> Source for agro-raw materials for urban manufacturing companies
==> Assisting rural farmer in food stuff 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!