At present, the practice of growing mushrooms is on the rise and has become increasingly popular across a wide spectrum of individuals, spanning from urban to rural regions. Farmers, in particular, are demonstrating a strong inclination towards transitioning from conventional agriculture to mushroom cultivation due to their capacity to generate greater financial returns.
Get Rs 10 Lakh Subsidy on Mushroom Farming
The Bihar government has rolled out an excellent opportunity for mushroom farmers as part of the Integrated Vegetable Development Mission initiative. Under this scheme, the state government is offering a generous 50% subsidy to farmers engaged in mushroom production.
When discussing mushroom production in Bihar, it stands as the leading state in this agricultural endeavor. This golden opportunity holds significant benefits for mushroom cultivators within the state. In order to stimulate and bolster mushroom production in Bihar, the state government is extending subsidies of up to 10 lakhs through the Integrated Horticulture Development Mission program. Moreover, the government is actively promoting integrated farming practices and composting.
If you're in Bihar with land suitable for mushroom farming, you can access government subsidies through the Integrated Horticulture Development Mission. For more details, visit the official website of the Department of Agriculture, Horticulture, and Animal Husbandry. You can also contact your district's Assistant Director of Horticulture for guidance. The Bihar government is actively promoting mushroom cultivation through various subsidies and initiatives, urging farmers to seize this chance to boost their income and advance the mushroom farming industry in the state.
Demand And Market For Mushroom
The global mushroom market is expected to grow at a 10% CAGR from 2022 to 2030, reaching a value of USD 50 billion by 2030. This growth is driven by factors like increased popularity among vegans due to the nutrient-rich content of mushrooms, their natural umami flavor which can reduce salt intake, and their health benefits. Demand is rising despite declining production in the United States, the second-largest producer. Challenges include the limited shelf life of mushrooms. The most commonly cultivated varieties are button mushrooms, shiitake, and oyster mushrooms, with oyster mushrooms expected to have the highest revenue-based CAGR due to their appealing texture, taste, and natural antibacterial properties.
How Much Farmers Earn From Mushroom Farming Business
Mushroom farming can offer attractive profit margins. On average, cultivating 1kg of mushrooms costs approximately Rs. 100-120. However, the market price for 1kg of mushrooms varies based on the variety and location, ranging from Rs. 150-300 per kg. The quantity of mushrooms produced per bag is influenced by the mushroom type and cultivation method, typically yielding between 500-800 grams per bag, and multiple harvests can be expected in a year.
With effective management and marketing, a farmer can achieve an annual profit ranging from Rs. 50,000 to Rs. 1,00,000 per 1000 bags. This figure can vary depending on the type of mushrooms and the materials used in production. If you start growing mushrooms in a space of 100-500 square feet, your annual earnings could fall within the range of Rs. 1 lakh to Rs. 5 lakh, and this outcome is contingent on the equipment employed.
