In the midst of the corona crisis and global recession, agriculture has emerged as one of the most reliable sectors. Furthermore, this sector is gradually expanding around the world, and there are hundreds of agriculture-related company ideas that can be quickly established.
Agriculture Business categories
Agriculture Business can be divided into three broad categories and they are as follows:
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Productive Resources like feed, seed, fertilizer, equipment, energy, machinery, etc.
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Agricultural Commodities like raw and processed commodities of food and fiber.
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Facilitative Services like credit, insurance, marketing, storage, processing, transportation, packing, etc.
What are the most profitable business ideas in agriculture?
Here are the most demanding agribusinesses that you can start;
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 very low investment and hence can be considered profitable for the startup agricultural business. You can simply start this business with the proper know-how of the production process. Vermicompost contains water-soluble nutrients and is a very good, nutrient-rich organic fertilizer and soil conditioner. It has different uses such as in farming and small-scale sustainable, organic farming. Interestingly, vermicomposting can also be applied for the treatment of sewage sludge.
3. Dried Flower Business
Are you aware that flowers are among the most profitable plants, which are producing one of the highest returns of any specialty crop? Well yes, it's true! 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.
Growing, processing, and selling dried flowers could put you on the path of making money with a sustainable business from the very first year. Therefore, it’s one of the most profitable agriculture business ideas that you can opt for.
(For more details click here: Dried Flower Business)
4. Fertilizer Distribution Business
In India, the fertilizer sector is becoming increasingly organized. Anyone can establish a fertilizer distribution business on a small, medium, or large size. Small distributors, on the other hand, often operate inside the district, whereas major distributors operate within the state, or sometimes in more than one state.
Fertilizer distribution is a thriving industry that shows no signs of slowing down. This business can be started with a small amount of money. It is largely governed by the government.
5. Organic Farm Green House
This agricultural industry has expanded due to the rising demand for organically grown farm products. People are cultivating organic food since there are significant health dangers in foods grown with pesticides and fertilizers.
6. Poultry Farming
In the current Indian market, poultry farming is one of the fastest-growing and most successful agriculture companies. Furthermore, the poultry company is the greatest option for people seeking a profitable agri-business career in India.
It has evolved from backyard farming to a techno-commercial business over the last three decades. It is regarded as the fastest-growing agricultural and farming business sector.
(For more details click here: Poultry Farming)
7. Mushroom Farming Business
By doing this business you can make good profits in just a 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 novel plantation technology that requires a soil-free method of plantation for both commercial and residential use. Hydroponics stores stock the specific equipment and materials required by hydroponic gardeners. Starting a Hydroponic Retail Store requires careful planning.
9. Snail Farming
It is the process of cultivating land snails for human consumption. It is high in protein, iron, low in fat, and contains nearly all of the amino acids required by the human body. Furthermore, specific expertise in modern technologies is required.
10. Sunflower Farming
The land is the primary requirement to start sunflower farming. Growing sunflowers for oilseed requires a small investment. It is also known as Commercial Cash Crop. Sunflower is a highly profitable crop in oilseed production and takes a very short duration 80-115 days to grow. It’s also suitable to grow in rainfed conditions and has the ability to perform in diverse agro-climatic & soil conditions.
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 a small investment.
(For more details click here: BeeKeeping Business)
12. Fish Farming
Fish farming is raising fish commercially in the tanks & ponds for the purpose of producing food. Commercial fish farming has already been established as a profitable business venture all over the world. This business can be done at any time of the year. It requires modern techniques and moderate capital investment. Interestingly, you can easily raise the fishes in tanks until they are ready for selling or marketing and they don’t need the wide capture of wild fish. Commercial fish farming also helps to preserve natural ecosystems.
(More details click here: Commercial Fish Farming)
13. Fruits and Vegetables Export
One can start the export of fruits and vegetable businesses by collecting them from local farmers. It can be done through easy communication means like a telephonic conversation, computer with an internet connection.
14. Florist
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 a Frozen Chicken Production business by living in a metro or a suburban city. The food business is one of the best businesses you can ever think of doing. It has a high turnover as people would always eat no matter what their financial situation is like.
16. Botanical Pesticide Production
Botanical pesticides are naturally occurring chemicals extracted from plants known to have insecticidal properties. 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. Broom can be divided in two categories. First is broom made with natural materials and second is a plastic broom.
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. You can sell baskets online and in-person, by renting a booth at a trade show or flea market. It increases sales and reaching out to more customers.
19. Flour Milling
Establishing your own brand product is highly profitable in this business. Flour milling business can be divided in two types- small scale flour mill and large scale flour mill. Opting for small scale or large scale should fully take your specific conditions into consideration.
20. Kulhar Tea/Milk Business
You can start this business with only Rs 5000 and earn Rs 50,000 monthly. You can start selling kulhad tea in the country's major railway stations, railway depots, airports, bus depots, and malls. The price of Kulhad tea in cities varies from Rs 15 to 20. In the Kulhad tea business, you can save around 1000 rupees in 1 day.
So these were few ideas to start a great business in the agriculture sector. We hope that the article was helpful to you.
