If you think that farmers have endless suffering in their lives due to drought, loans, and ultimate rains then we have found a way out. Now even small-scale farmers can generate more revenue out of their farming.
So if you are looking for a profitable future in agriculture then this article will provide you with immense ideas to start a business in the agricultural sector with your resources and local demand.
Agriculture Business categories
Agriculture Business can be divided into three broad categories and they are as follows:
Here are the top Most Profitable Agriculture Business Ideas:
1. Agricultural Farm
One can start an agricultural farm by investing reasonable money. You can produce items as per the local demand and sell them locally. For far areas you can even supply the product through distribution channels.
2. Vermicompost Organic Fertilizer Production
It requires a very low investment and hence can be considered profitable for the startup agricultural business. You can simply start this business by the proper know-how of the production process.
3. Dried Flower Business
Flower production is one of the fastest growing crop trends in today’s agriculture. It requires all types of flowers especially unique and hard to grow varieties.
4. Fertilizer Distribution Business
One can start this business with a moderate capital investment. It is mostly controlled by the government.
5. Organic Farm Green House
The increased demand for organically grown farm products has led to the growth of this agricultural business. As there are many health risks in the foods grown with chemicals and fertilizers, people are growing
6. Poultry Farming
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.
7. Mushroom Farming Business
By doing this business you can make good profits in just few weeks. It requires a low start-up capital investment. Even with a little knowledge of mushroom growing and with a farm mushroom farming business can be done.
8. Hydroponic Retail Store
It is a new plantation technology which requires soil free way of plantation for both commercial and home use.
9. Snail Farming
It is a process of raising land snails specifically for human consumption. It has a high rate of protein, iron, low fat and almost all the amino acids needed for the human body. Moreover, one should have a specific knowledge of modern technology.
10. Sunflower Farming
The land is the primary requirement to start sunflower farming. Growing sunflower for oilseed requires the small investment. It is also known as Commercial Cash Crop.
11. Bee Keeping Business
It demands day to day monitoring with close supervision of the bees. Beekeeping business is done for selling honey and other products like wax. Not to forget, as the demand for honey is growing globally. Opting for this business is a profitable venture which requires the small investment.
12. Fish Farming
This business can be done at any time of the year. It requires modern techniques and moderate capital investment.
13. Fruits and Vegetables Export
One can start the export of fruits and vegetable business by collecting them from local farmers. It can be done through easy communication means like a telephonic conversation, computer with internet connection.
It requires a retail space and connection with the flower growers. It is one of the most profitable retail agriculture business ideas that can also be done online by providing customers with doorstep delivery of flowers.
15. Frozen Chicken Production
The demand for this product is growing globally. One can start this business by living in a metro or a suburban city.
16. Botanical Pesticide Production
It is very essential and mandatory for organic farming. As the demand of this product is high, it is considered as one of the most profitable agriculture business ideas.
17. Broom Production
It is a good and profitable business idea as broom has been used for centuries for cleaning purpose. It is a simple business and can be done with a moderate capital investment.
18. Basket Weaving
One requires a thoughtful planning and a high level of creative mind having a flair for design. It can simply be done from a home location with moderate capital investment.
19. Flour Milling
Establishing your own brand product is highly profitable in this business.
Some Other Profitable Agriculture Business Ideas
Livestock Feed Production
Having confidence in distribution, one can start the livestock feed production business.
Fruit Juice Production
Fruit juice production business has a huge market opportunity. The most important thing is the production process is not that complex and can be initiated small-scale basis.
Having confidence in the source of raw material (groundnut) an entrepreneur can start this business with moderate capital investment. Processed groundnut has very good market potential globally.
Processed cashew nut is a consumer durable product and has huge market potential in the FMCG industry. An entrepreneur can initiate this venture semi-automatic small-scale basis
Quail Egg Farming
Commercial quail farming is all about raising quails commercially for the purpose of profitable eggs and meat production. Globally quail farming is playing an important role in fulfilling the daily family nutrition demands and earning livings.
Shrimp farming is an aquaculture business that exists in the freshwater environment, producing shrimp or prawn for human consumption. The demand for this product is increasing globally.
A fish hatchery is a place for artificial breeding, hatching and rearing through the early life stage of finfish and shellfish in particular. Hatcheries produce larval and juvenile fish primarily to support the aquaculture industry where they are transferred to on-growing systems.
Having a sufficient landholding an entrepreneur can start a piggery business. Among the various livestock species, piggery is the most potent source for meat production and pigs are more efficient feed converters after the broiler. The major facility is pig farming requires a small investment in buildings and equipment.
Commercially soya beans processing to produce milk, soy flour, soya sauce, soyabean oil, natto, etc is a very profitable agriculture business ideas to start with moderate capital investment. If you have small vacant land, soybean farming is a profitable business to start
Rising global demand gives a boost to the spice processing industry recently. Good quality processed spice has very good demand. Processing and packaging methods are not very complex. The margin is also very satisfying in the spice processing business.
Vegetable farming is one of the most profitable agriculture business ideas. Having sufficient land an entrepreneur can start good quality vegetable farming with quality seed and fertilizers.
Chicks hatchery business is all about making money by selling commercially produce chicks to local egg and poultry farmers. It is a highly profitable business to start with a small capital and as such no specialized knowledge is required.
The Scientific method of rajanigandha farming gives this business a boost towards a successful commercial business. Apart from the usage as the only flower, rajanigandha is widely used in cosmetics, perfume, essential oils, ayurvedic medicine, and pan masala industry. The flower can be grown to 8000 kg per hector yield.
Tea growing business has huge potential and demand for the product is increasing globally. Tea plants typically fare best in acidic soil and regions with heavy rainfall (around 40 inches per year), although they can be grown anywhere from sea level to altitudes as high as 1.3 miles above sea level.
Grocery E-Shopping Portal
Grocery E-shopping portal is the most trending business in recent phenomena. This tech-based business opportunity demands proper planning and a strong online marketing strategy to start.
A landscape expert is someone who has years of experience in the field of landscape architecture. The practice of landscape architecture includes site analysis, site inventory, land planning, planting design, grading, stormwater management, sustainable design, construction specification and ensuring that all plans meet the current building codes and local and federal ordinances.
Medicinal Herbs Farming
Growing medicinal herbs commercially are one of profitable agriculture business ideas. Having sufficient land and knowledge about the herbs marketing, an entrepreneur can initiate medicinal herbs farming with moderate capital investment.
Cactus is the most favorable item as a plant decor item. This is ideal for tabletop gardens, and many plants can coexist happily in the same container. Creating and selling cactus arrangements is a very profitable and self-rewarding business to start. It can initiate from a home location with low startup capital.
Commercial dairy farming is one of the most profitable agriculture business ideas. Apart from milk, it produced a quantity of manure. There is a tremendous scope/potential for increasing milk production through profitable dairy farming.
Goats are among the main meat-producing animals worldwide. Goat meat is one of the choicest meats and has huge domestic demand. Due to its good economic prospects, goat rearing under an intensive and semi-intensive system for commercial production has been gaining momentum for the past couple of years.
Commercial jatropha farming for Bio-diesel is one of the most trending agriculture business ideas. By exploring the modern technology marginal farmers and cultivators can produce jatropha as a raw material for bio-diesel
Potato powder has wide application in the processed and snack food industries, it can be used in any recipe which requires mashed potatoes. Potato powder is used as a thickener or base for the preparation of ready to eat vegetable gravies and soups. The processing method is also not very complex. Potato powder processing business can be initiated semi-automatic small-scale basis.
Corn (Maize) is one of the most versatile emerging crops having wider adaptability under varied agro-climatic conditions. Globally, maize is known as the queen of cereals because it has the highest genetic yield potential among the cereals. Commercial corn farming by using modern technology with quality seed is one of the most profitable agriculture business ideas.
Certifies Seed Production
Seed certification is a quality assurance system whereby seed intended for marketing is subject to official control and inspection. At its simplest, the system certifies that a sack, packet or box of seed contains what it says on the label and that the seed was produced, inspected and graded, in accordance with the requirements of a Certification Scheme. To initiate this business you don’t have any requirement of land, just start the venture by contract farming.
Soil Testing Lab
Soil Testing is an agronomically sound, beneficial and environmentally responsive tool used for monitoring the nutrient as well as making precise fertilizer recommendations for various crops and cropping sequences ensuring no damage to the environment. Establishing a soil testing lab with a Government certification is one of the ideal agriculture business ideas.
Green House Flower Export
Establishing a greenhouse for only export-oriented flowers is one of the most profitable business ideas. An entrepreneur who has a connection to the flower export market and having land-holds can initiate this venture with substantial capital investment.
Horticulture Crop Farming
Horticulturists produce fruits, flowers, and plants in greenhouses and nurseries. Selection of the crops and method is important in this business.
Potato Chips Production
The commercial small potato chips production line can process both potato chips and french fries. As it is an FMCG product demand is increasing globally.
Fodder Farming for Goats and Cows
Fodder is any agricultural foodstuff used specifically to feed domesticated livestock, such as chickens, horses, pigs, cattle, and goats. The term refers to food given to animals, rather than the food they forage for themselves. Types of plants typically grown for fodder include alfalfa, barley, oats, clover, grass, and wheat.
As the internet facility is spreading fast, even farmers from remote villages have access to the internet. There is a growing need for unbiased, honest advice for farming related activities. People having knowledge and expertise in farming can start a blog on any agriculture-related subject.
As with other consulting services, an agriculture consulting requirement is surely expected to grow with coming days. People with experience and knowledge in a specified field of farming activity can consider offering consulting services to organizations and farmers.
Agri-business generally involve either an int or produce or service. It can broadly be classified into three categories. Firstly, productive resources like feed, seed, fertilizer, equipment, energy, pesticides, machinery, etc. Secondly, agricultural commodities like raw and processed commodities of food and fiber. Thirdly, facilitative services (credit, insurance, marketing, storage, processing, transportation, packing, distribution, consultancy, soil testing, etc.
Before you decide what agribusiness to start, it is recommended that you conduct market research on demand for the products you grow and how to get them to market.
You’ll also need a proper business plan as most agricultural businesses require access to a large area of land and farm equipment to get started.
Making money from an agricultural business requires knowledge of farming practices as well as some experience in developing a business.