The money making agriculture business ideas are business ideas that produce good returns to the farmer. Agriculture, as you know, is very essential and it is a very important part of everyone’s life.
Making money from agriculture requires knowledge of farming practices as well as some experience in developing a business.
Before deciding on an idea, it is important to create a business plan that includes research on market demand for the product you plan to grow and how to get them to the market.
Also, before deciding on any of the money making agriculture business ideas, you will also need a solid financing plan. This is because most agricultural businesses require access to large parcels of land and farm equipment to get started.
In this article, we will be looking at the money making agriculture business ideas you should consider.
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The List of Money Making Agriculture Business Ideas
- Agricultural Farm Business
- Organic Farming
- Poultry Farming
- Organic Fertilizer
- Flower Business
- Fertilizer Distribution
- Sunflower Farming
- Dairy Farming
- Hydroponic Retail Store Business
- You-Pick Market
- Ag Tourism
Agricultural Farm Business
The agricultural farm business includes producing and exploring crops, vegetables, and fruits. Minimal investment is required. However, through proper publicity, you can expand its sales locally and in far-off cities.
Organic farming is a perfect business idea for new-generation farmers. This is because these days, most people use organic products for better health. This simply means that the demand for organic products is increasing.
The production of organic fruits, flowers, and vegetables can earn good returns. Before starting out, this is one of the money making agriculture business ideas that you need to thoroughly research, especially about the use of agricultural products in the business.
Poultry farming has remained one of the fastest-growing businesses. In recent years, it has transformed from backyard farming to techno-commercial farming.
The organic fertilizer business provides low investment and high production. It is a type of business that needs only proper knowledge about organic fertilizers.
It has become a domestic business, but before starting out, you must make sure you understand the difference between organic fertilizers and inorganic fertilizers.
Flower business is a type of business that involves growing unique and hard-to-grow varieties.
Growing, processing and selling flowers are the best way to make money.
The fertilizer distribution business is regarded as one of the most profitable. As you already know, fertilizers are used to protect crops and improve production.
It is advisable to search online for ideas that are related to how to improve farming and many more.
Sunflower is a grown oilseed and it is regarded as a commercial cash crop. This flower takes a very short duration to grow. It can perform in diverse agro-climate and soil conditions.
It can grow in the rainy season.
Dairy farming is a popular farming business idea. The demand for milk is rising and it is also a major source of manure production in huge quantities.
This business needs proper knowledge about the profession.
Hydroponic Retail Store Business
The hydroponic retail store business is one of the fastest growing businesses in recent times where in this business, plants are cultivated without soil.
The You-Pick market is a type of business for those who like to grow fruits and vegetables. This produce will fetch a lower price per pound if customers pick it as opposed to you selling it directly to stores and restaurants.
One of the main benefits of this business is that the labor involved during the harvest time is not much. Most You-Pick farms grow enough to sell to local stores and to the people.
Ag Tourism involves a farmhouse that is big enough to house a few guests and might be suitable for putting together a tourist package for people who want to work and stay on a real farm.
The activities you will offer depending on the type of domestic animals and crops you raise. For instance, if you have horses, take your guests on a horseback ride around the ranch to show them how the ranch functions.
Encouraging guests to try their hands at feeding, grooming, or roping animals; planting, weeding and harvesting crops; baling hay; or gathering fruit from the orchards are things to try out.
What are the 4 Types of Agriculture?
Before considering money making agriculture business ideas, it is important to know the main branches of agriculture, in order to make a proper decision about where to venture into.
The four main branches of agriculture are:
- Livestock production
- Crop production
- Agricultural economics
- Agricultural engineering
What are the things to consider before going into agribusiness?
Having seen the money making agriculture business ideas, let us look at what to consider before going into an agribusiness. Agriculture can be profitable, but most people who venture into it make little or no research on what to expect from the market. Here, we will bring to your knowledge the things you must consider before venturing into that agribusiness. They are:
- Technical Know-How
- Licensing And Registration
- Choice Of Plant Or Animal
- Condition Of Farmland
- Potential Risks
- Available Market
- Financial Analysis
This is one of the most important things you must take note of. Whether you are venturing into fruits and vegetable farming, poultry farming, fish farming, or whatever, if you do not have the right technical know-how, you might be encountering potential losses in your investment.
It is very vital to know also the cost of equipment, the production techniques, the water content of the soil, irrigation, and a lot more.
Though even if you don’t have the technical know-how, you can hire experts to help you set up and manage your farm at the early stage.
Licensing And Registration
No matter the country where you are located, every business in all the countries requires some form of registration. This can either be a company registration or an association registration.
Whichever it is that is required, it is necessary to ensure that it is fully registered with all the right bodies and organizations, in order to avoid stiff penalties.
Choice Of Plant Or Animal
Sometimes choosing the right crop or animal to rear can be a bit difficult. This is because the success of any agribusiness lies a lot on this choice.
It is really not necessary to follow the popular trend and venture into what everyone else is doing to avoid failures.
For instance, rice farming is a very profitable business in agriculture but there are certain conditions that aid the growth of rice. So, before you choose rice farming, making extensive research and getting as much information as you can about the revenue and profit potential is very very necessary.
Do you plan to venture into animal farming? Find out the mortality rate for the animals you choose.
Condition Of Farmland
As a farmer, you already know that there are different soil types. If you do not operate on a proper soil type and even atmospheric condition, then your efforts could entirely go to waste.
There are plants that thrive in moist soil, others in dry soil, and many others thrive in highly controlled environments. Therefore you must not start an agribusiness without considering what soil type is best for you.
In your considerations, potential risks must be considered. You need to consider environmental hazards and threats like insects, snakes, rodents, and more.
For instance, if you are running a snail farm, you have to be careful, to completely seal off the environment from rodents or other animals. This is because intrusion could lead to a loss of over 80% of the entire snails that you have raised.
Likewise, you must ensure that snails are not close to your vegetable farm because they could destroy the entire farm in a very short time by consuming a great part of the crops.
While certain farm products may excite you to venture into their growth, there may be little to no market demand for them in your community.
Before venturing into the cultivation of any crop, it is important to explore the available market, determine its size, examine its potential for scale, and most importantly consider the feasibility and possibility of exportation.
Starting an agribusiness with an all-year-round demand guarantees growing a venture that guarantees a constant cash flow.
On the other hand, venturing into something that has little to no demand will most likely lead to a complete waste of your investment.
This is one of the most important things to know and must be paid careful attention to. Before starting any agribusiness, a highly-detailed financial analysis is necessary, to determine how profitable or not the business is, how long it may take you to break even, the potential expenditures, and a whole lot more.
Doing a better financial analysis can help you better understand how to create a budget and put your money to good use.
How can I make quick money from agriculture?
Agriculture can be very lucrative. Cash crops, food crops, fruit crops, etc are money making agriculture business ideas that will always yield better commercial outcome since food always attract a larger market.
Here are five ways to make money from agriculture.
- Becoming a farmer
- Investing in Agriculture
- Selling farm produce
- Blogging on Agriculture
- Educating and Training other farmers
How do I start a farm with no money?
While owning your own farm can be quite costly, there are ways in which you can cut down costs. For instance, becoming a part of a community of farmers can help you start your farm. If this community is strong enough, they can even help you in terms of resources too.
Look for deals on the market: Paying close attention to the price of equipment that you are about to purchase can be a great way to cut down costs. You might find people who are willing to sell their equipment at a cheap rate.
If you are interested in venturing into the animal business, purchasing livestock while they’re young could be a great way to cut down costs. That means, instead of going for grown animals, you can decide to go for the younger animals that will be cheaper to purchase.
What can I grow at home to make money?
There are ways to turn your gardening skills into serious cash. While most people think that tomatoes and salad or greens are the most profitable to grow in the garden, there are other specialty crops and money making agriculture business ideas that can bring cash also. Here are some specialty crops that are worth growing:
- Ground Covers
- Landscaping Trees and Shrubs
- Ornamental Grasses
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