Tuesday, September 22, 2020

Profitable Agriculture Business Ideas That Made Billions

Farming and Agriculture has evolved quite a lot in the past few decades in the US. This is due to the advancement in technology and the evolution of traditional farming techniques. Several businesses in the Agriculture and Farming sector have expanded in the past couple of years. 

Agriculture business is not just profitable for you, if you can build the right business model several others can be benefitted from your innovative business model. However, this business is not as simple as it may sound. You need to have a lot of patience and put in a lot of thought behind each step you take so that when you build the business brick-by-brick it becomes a very solid structure. 

There are several businesses in the agriculture niche which you might be interested in if you are looking ahead to start a new venture or invest in one.

Some of the Popular and Most Profitable Business Ideas in Agriculture Sector are as Follows:

#1. Fish Farming

Several investors have dived into fish farming for a huge margin of profit. If you have your land the fish farming can be a very viable option for you. You do not necessarily need a body of water to start fish farming. You can simply start by purchasing fish tanks or even creating artificial fish ponds on your land.

Fish farming is a very scalable business and it comes with huge profits. You could raise fishes such as cod, tilapia, silver trout, tuna, eel, salmon, grass carp, rainbow trout, catfish, and a lot more. Some of these fishes require very less attention while others require proper maintenance and care to grow and start breeding.

Choosing the right fish for farming may depend on how much you are planning to spend, the demand in the market, your skill, the agricultural and climatic conditions in the farm location, and a couple of more. It could even be decided based on the soil condition, the percentage of rainfall, availability, and the type of water used for raising the fishes, temperature, and the like.

#2. Dairy Farming

Dairy farming is the most popularly followed farming across the country. You might face much competition when it comes to dairy farming. You would see that several dairy farmers still use the conventional method of farming. You can start a dairy farm if you have enough space to raise large cows and goats. Dairy farming requires a large chunk of investment right from the start, to buy the dairy animals, their feed, equipment for processing the dairy, and skilled labor. 

You can simply sell the milk produced from the animals on your farms such as cows and goats. You can also have a processing unit in the farm where you have skilled labor helping your prepare cheese, butter, and other dairy products that you can pack and sell for various prices in the local markets.

Dairy farming needs a lot of effort but the returns are also pretty quick and good. Initially, you might need to invest from your pocket but eventually, you’ll be paid back generously.

#3. Vegetable and Fruit Farming

When you go to the market, you always search for fresh fruits and vegetables. You can start producing your vegetables and fruits if you have enough space on your farm. You can use it for your household but how about doing some business? What if you can sell fresh fruits and vegetables from your farm in the market and get a good amount of income from that? 

For starting vegetable and fruit farming you need to have enough space on your farm. Furthermore, you need to have a proper supply of eco-friendly fertilizers and pesticides so that your crops bloom to the fullest and fetch you the maximum returns.

Vegetables and fruits are sold in plenty in the markets and this is something that you might also venture in. Try to invest in the newest varieties of fruits and vegetables so that people are attracted to your product. 

#4. Bee Farming and Bee Keeping

Beekeeping and bee farming is a very interesting job. Apiculture is a hobby for many and if you are one of them, bee farming and keeping might be a very lucrative business for you. For beginners, beekeeping is inexpensive to start with and quite exciting as a job too.

For bee farming what you need to do is you need to catch your first swarm of bees. You can also buy your first set of bees. Bees are available in the markets in various forms among which the nucleus hive is the best for beginners. It helps you in learning the process of beekeeping right from the start. 

Further from this business venture, you can diversify your business to honey production (basic), beeswax processing, and many more.

#5. Poultry Farming

Poultry farming and selling poultry products in the markets might be a good idea for a profitable farming business too. For this, you can have proper coups and places to keep your chickens and ducks and take proper care of them. 

There has been a considerable increase in the consumption of eggs in the past few months and it is going to increase further. Thud if you are planning to invest in some business this should be the one you have a look at and consider your chances. 

#6. Manufacturing of Livestock Feed 

There are several dairy and animal farms in the country at present. All these farms could be your clients if you can be the best seller of livestock feed. Livestock requires a huge amount of food to sustain and for healthy growth and if you can prove that the livestock feed you produce at your factory is one of the best for the best health of the livestock, you can surely be the market king.

Cattle fodder needs to be processed and prepared properly for the cattle to digest and you would need large scale machinery for the same. This machinery might not cost too much and if you buy them once it can last ages for you. With the moderate investment, manufacturing of livestock feed might be a good business venture for you. 

#7. Manufacturing and Distribution of Fertilisers

Almost all crops require fertiliser and pesticides for their fast growth. However, not all fertilisers are good, some of these fertilisers contain a large number of chemicals that are harmful to the soil and the crop too in the long run. 

If you wish to be successful as an entrepreneur you can try manufacturing low chemical content pesticides and fertilisers which can be used for better and healthier crops. For a manufacturing unit, you would require some initial investment and a skilled team of workers. Once the setup is done and ready you can start producing the fertilisers and chemicals and with the fleet of transporting vehicles send them to your customer as and when they require it.

#8. Mushroom Farming

Mushroom farming is a very viable option these days. For mushrooms farming, you do not need too much investment or a large space. For mushroom farming, all you would require is a dark damp space to grow the mushrooms. 

For mushroom farming, there would be some initial set up cost but once that is up and going you can reap the benefits of the farm produce and reap benefits. 

#9. Farming of Flowers

Flowers are in demand these days be it any occasion. Where are these flowers coming from? They come from the large flower farms where all you would see for acres of land are different kinds of flowers. If you are planning to make a large margin on your business flower farming is the way.

You can search the market to see what kinds of flower seeds are available and which ones you will be able to afford. You can make your selection based on the soil you have, the season, and the weather going on, the amount of space available to you, rainfall, and temperature for a start. 

#10. Worm Farming

Natural manure and compost is a thing with growing popularity these days. For the production of compost on a large scale, you require worms to quickly decay the composting materials. These worms are raised on a farm. 

These farm-raised worms have a certain sense of consistency in their action and can be used to prepare large scale quality manure in no time. For worm farming, you require very low space and minimal investment. The investment has high returns within the first few months. However, worm farming requires a lot of patience, hard work, and time but if you provide all the worm farming is a very good idea of a profitable business today.

Conclusion

No matter which field you choose, having consistency, and knowing what kind of effort to put in at which point is very important to help your business profitable and growing.

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