Top 20 Most Profitable Agriculture Business Ideas
There are various ways to earn good money in agriculture. If you want to make a career in agriculture then we will help you with different profitable ideas to go ahead in this sector.
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 from basic farming. There are various ways to earn good money in agriculture. If you want to make a career in agriculture then we will help you with different profitable ideas to go ahead in this sector.
Agriculture Business categories
Agriculture Business can be divided into three broad categories and they are as follows:
Productive Resources like feed, seed, fertilizer, equipment, energy, machinery etc.
Agricultural Commodities like raw and processed commodities of food and fiber.
Facilitative Services like credit, insurance, marketing, storage, processing, transportation, packing etc.
What are the most profitable business ideas in agriculture?
Here are the Most Lucrative 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 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. 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, its 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 idea that you can opt.
4. Fertilizer Distribution Business
The fertilizer industry is getting highly organized in India. Any individual can start a fertilizer distribution business as a small, medium and large-scale basis. Though, small distributors generally operate within the district and large distributors within the state, or sometimes in more than one state.
Fertilizer distribution is an ongoing business and shows no signs of fading. One can start this business with 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 organic food.
6. Poultry Farming
Poultry farming is one of the fastest-growing & most profitable agriculture businesses in the current Indian market scenario. Adding to it, poultry business is the best idea for those who want to make a successful agri-business career in India.
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. Hydroponics stores sell the specialized equipment and supplies that hydroponic gardener’s need. Planning plans a crucial role to start a Hydroponic Retail Store.
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 specific knowledge of modern technology.
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 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.
12. Fish Farming
Fish farming is raising fish commercially in the tanks & ponds for the purpose of producing food. Commercial fish farming has already 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.
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 an 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 Frozen Chicken Production business by living in a metro or a suburban city. 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 Kulhad tea business, you can save around 1000 rupees in 1 day.
Some Other Profitable Agriculture Business Ideas
Livestock Feed Production
Fruit Juice Production
Quail Egg Farming
Soya Beans Processing
Grocery E-Shopping Portal
Medicinal Herbs Farming
Certifies Seed Production
Soil Testing Lab
Green House Flower Export
Horticulture Crop Farming
Potato Chips Production
Fodder Farming for Goats and Cows