60 Best Agricultural Business Ideas for Aspiring Entrepreneurs in 2020.
Best Agricultural Business Ideas: Recently Agriculture has since moved on from the subsistence ways of practicing agriculture to a large scale, commercial agriculture.
To date, most countries of the world still have GDPs which are mostly dependent on Agriculture.
Countries like Argentina, China, the U.S.A, Australia and so many more still have economies with agriculture being one of the most important contributions and biggest sources of income and employment.
Over the years, many firms have invested heavily in agriculture and developed the agricultural industry. Lots and lots of money are being pumped into the agricultural sectors and even to agricultural research institutes to fund researches which would revolutionize the way and methods agriculture is being practiced.
Agriculture is so diverse and broad that sometimes one might be lost in choosing where to start from. The vastness of agriculture would certainly leave aspiring entrepreneurs as little at sea and asking which are the top agriculture business ideas to start as an aspiring entrepreneur.
Agriculture Business Ideas for Aspiring Entrepreneurs.
There are so many agriculture business ideas for aspiring entrepreneurs to start but of the countless ones, these are the top 60 we have chosen:
1. Cucumber farming
The demand for cucumbers is very high and the process involved in producing the fruits isn’t really tedious and the has a fast life cycle too.
2. Catfish farming
Catfish is a highly sort after fish along with salmon and trout. The demand for this is very high as long as you know how to manage fish ponds properly. Be careful when handling catfish so as not to incur losses because, while sturdy, catfish are carnivorous too.
The effluent from the pond could be used for aquaponics or aquaculture as the wastewater is rich in nitrogenous compounds which are required by plants. It is common to find fish ponds operating aquaponics alongside.
3. Plantain Flour Production and Sale
The demand for plantain flour, especially by diabetic patients as a food supplement, is very high. You could even supply directly to hospitals and clinics or to patients who need the flours or even persons who just want to consume plantain flour.
4. Poultry Farming
You probably even considered poultry farming when considering agriculture business ideas and it is for many reasons. Poultry farming very lucrative if well managed and maintained.
5. Chicken and egg distribution business
6. Flour milling
7. Cassava Farming
8. Vegetable farming
9. Snail Farming
10. Pig Snail Farming
11. Goat farming
12. Rabbit farming
13. Fresh vegetable selling
14. Fish Hatching Business
15. Cassava Processing Business
16. Florist or horticulture business
17. Rice Farming Business
18. Cashew nut exportation
19. Maize farming
20. Maize flour production
21. Tomato farming
22. Melon farming
23. Agro-Export Agent
24. Agro-product e-commerce website
25. Agro-information website
Create and maintain a website that is updated frequently with agriculture information which would be of assistance to users.
26. Fertilizer sale
27. Biogas production
You could make biogas from animal and plant waste on your farm or sourced from other farms.
28. Biogas sale
29. Biofuel production
30. Biofuel sale
31. Organic fertilizer production
32. Organic animal food supplement
33. Tomato Processing Business
34. Agro-produce middleman
35. Fresh juice production
36. Fodder Growing Business
37. Palm oil production
38. Palm oil sale
39. Palm kernel shell exportation and importation
Palm kernel shell demand is very high especially as it is used to produce biofuels.
40. Vegetable oil production
41. Meat preservation and sales
42. Wheat business
43. Fruit salad business
44. Grasscutter Farming
45. Banana flour production
46. Soybean flour business
47. Yam business
48. Agricultural extension services
49. Animal breeding services
50. Farm machinery repair and maintenance services
51. Farm machinery hiring services
52. Technical assistance to farmers
53. Rural to urban transportation of farm products
You could help be the bridge for rural farmers to urban-dwelling consumers.
54. Crab, prawn and shellfish business
55. Snaking farming
The demand for snake venom by pharmaceutical industries is very high. Snakes could also be raised as pets, for consumption, for research and more.
56. Veterinary services
57. Fruit farming
58. Fruit business
59. Poultry meat breeding – broilers
60. Poultry eggs production
As an aspiring entrepreneur, you need to study how a particular agriculture business works, especially in your locality. Read books, what videos, read articles, and more about the agriculture business you want to go into.
It is important if you attend seminars or training workshops put together for the business ideas because, apart from gaining new skills and improving on the knowledge you have about the business idea, you get to interact with experts in the field and benefit from asking them questions and getting to explain in detail to you.
Frequently Asked Questions – FAQs
♦ Do I need to get millions of capital to fund my agriculture business idea as an aspiring entrepreneur?
Not necessarily. Some of the agriculture businesses listed above do not require millions to start. What you need is the capital for initial investment which could be as low as a few thousands at first. Subsequently you could expand as large as you want.
♦ Do I need to get a license before starting my agriculture business idea as an aspiring entrepreneur?
For legal cover, you should get your business registered and join the necessary associations. A registered business would also give you credibility with investors.
♦ How much money do I need to start an agriculture business idea as an aspiring entrepreneur?
It depends on the business you want to go into. This is why it is advisable to draw up a business plan and during the process you would carry out researches and market surveys, and also the estimated expenditure for your agriculture business. This would help you put things into perspective.
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StudentsandScholarship Team.
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