Business ideas start by identifying challenges that exist in the industry that you want to venture into. If you realise that there is drought, a lack of loans, and ultimate rains then you have found a business project in agriculture. There are so many things that can earn you money in the agriculture sector. Here are some of the most profitable agriculture business ideas.
- 1 Categories of Agricultural Businesses
- 2 Most Profitable Agricultural Businesses
Categories of Agricultural Businesses
There are three broad categories in Agriculture business. Here are the three categories:-
- Dynamic Resources, for example seed, fertilizer, equipment, energy, machinery as well as feed.
- Agricultural supplies for example processed and raw supplies of food and fibre
- Aiding services such as credit, insurance, marketing, storage, processing, transportation as well as packing
Most Profitable Agricultural Businesses
If you invest a sensible amount of money, you can start an agricultural farm business. You can produce agricultural items that are on demand in your area and sell them. You can then distribute the items in other markets through some distribution channels.
Vermicomposting Organic Fertilizer Manufacture
There is very low investment that is needed to start this business. Because of this, it is very profitable. If you know the production process, then you can start this business. Vermicompost has water-soluble nutrients and it has rich nutrients which makes it very good.
Dried Flower Business
Flowers are one of the most profitable plants on earth. Unique and hard to grow varieties of flowers are on demand. You can also make money growing all types of flowers as well. Selling dried flowers can help you earn money all year round. This makes it one of the most profitable agricultural businesses.
Fertilizer Distribution Business
You do not need a lot of expertise to start an agricultural fertiliser distributing business. You can start by distributing in a small area and grow from that.you do not need a huge capital to start this business.
Organic GreenHouse Farm
There is an increase in organic produce due to the fact that people are now fearing that their health may be at risk. Chemicals and fertilisers that are being used to grow agricultural produce have so many health risks hence so many people are now resorting to organic produce. Organic produce is on high demand therefore it is a viable and profitable business idea.
Poultry is one of the best businesses in the world. This business has been in existence since time immemorial. You do not need a lot of money to start this business. You can sell chicken to supermarkets as well as restaurants. You can start small and grow from there.
Mushroom Farming Business
If you start this business, you could start earning mon0ey in just weeks. You do not have to have a lot of money in order for you to start this business.
Hydroponic Retail Store
Hydroponics is a way of farming that requires no water. Hydroponics can be practiced both at a household level and at a commercial level. You could sell equipment that is needed for this form of agriculture.