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50 Most Profitable Agriculture Business Ideas
Agriculture industry specifically in India is at the crossroad of a new revolution. The entire food chain is supposed to be modernized and the production is expected to be doubled in the coming 10 years. Apart from domestic demand, this industry brings in huge export prospects. At present agri-business may involve either an input or a produce or service and encompasses items such as:
- Productive resources (feed, seed, fertilizer, equipment, energy, pesticides, machinery, etc.)
- Agricultural commodities – (raw and processed commodities of food and fiber)
- Facilitative services (credit, insurance, marketing, storage, processing, transportation, packing, distribution, consultancy, soil testing etc.).
Making money from an agricultural business requires knowledge of farming practices as well as some experience in developing a business. Before you decide on an idea, create a business plan that includes research on market demand for the products you grow and how to get them to market. You’ll also need a proper financing plan as most agricultural businesses require access to a large area of land and farm equipment to get started. Often I come across wanna be entrepreneurs looking desperately for agriculture based business ideas. We have compiled 50 most profitable agriculture business ideas which we believe will help those entrepreneurs in deciding their preferred business to start with.
- Vermicompost-Organic Fertilizer Production
Vermicompost organic fertilizer production has now become a major component of agro-business models across the country with a very low initial investment. An entrepreneur can start this business with the proper know-how of the production process.Read More...
Dried Flower Business in specialty flower is a very profitable venture now worldwide. Flower production is one of the fastest growing crop trends in agriculture today with a strong demand for all types of flowers, especially unique and hard-to-grow varieties. The interest in cut dry flowers has increased consistently over the last ten years.Read More…
- Fertilizer Distribution Business
Fertilizer distribution business in India is highly controlled by Government regulation. It is one of the profitable agriculture business ideas one can start with moderate capital investment.Read More…
An organic farm greenhouse business has a high potential to grow and succeed because steadily the demand for organically grown farm products has grown considerably. Organic farm greenhouse business was normally done on small, family-run farms. But since the demand for organically grown food products is now increasing, people are investing in land for organic farming.Read More…
Poultry farming in India has transformed into a techno-commercial industry from the status of backyard farming since three decades. Poultry farming is the fastest growing sector in agriculture and farming business. The annual growth rate is 8-10% in egg and 12-15% in the broiler industry.Read More…
A mushroom farming business can be a mean of big profit in just a few weeks with considerably low start up capital investment to start a business. A person who has a little bit of idea in the science & technology of mushroom growing and has an own building for having the farm – mushroom farming business will be the perfect option for him to start.Read More…
A person having passion in plantation technology can start the hydroponic retail store business to turn his hobby into a profit-making venture. Hydroponics is a new plantation technology that has been increasing in demands over the past decades as a soil free way of plantation both for commercial and home use.Read More…
Snail farming business opportunity demands discipline and specific knowledge in modern technology. Snail farming is the 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 that are needed for human body.Read More…
In starting sunflower farming business, the primary requirement is the land. In India, sunflower is often called a commercial cash crop. Growing sunflower for oilseed with maintaining right process is a viable business opportunity. An entrepreneur passionate about agriculture and having owned land can start sunflower farming business.Read More…
Guar gum, locally called guaran, is a galactomannan. It is basically the ground endosperm of guar beans. The guar seeds are dehusked, milled and screened to obtain the guar gum.It is typically produced as a free-flowing, off-white powder.It is a natural food thickener, similar to locust bean gum,cornstarch or tapioca flour.Read More…
Beekeepingbusiness opportunitydemands day-to-day monitoring with close supervision to the bees. With the increasing awareness about the health, demand for honey is growing globally. Beekeeping for selling honey and other products like wax is a profitable venture to start with less startup investment.Read More…
Commercial fish farming business is a lucrative investment that can spin money at any time of the year continuously. With the implementation of modern techniques and having owned space, an entrepreneur can start this business with moderate capital investment.Read More…
- Fruits and Vegetables Export
An entrepreneur can start an export business of fresh fruits and vegetables by collecting them from local farmers. one can start this business from a home location only having a phone and computer with internet connection.Read More…
- Micronutrient Manufacturing – Folier and Soil Application
Micronutrient has an immense potential in agriculture business. Having a strong distribution strategy, one can start this manufacturing business with substantial capital investment.Read More…
One of the very profitable agriculture business ideas. Having a retail space and connection with the flower growers one can start this business. An entrepreneur also can generate a substantial online sale by offering customers door-step delivery.Read More…
- Livestock Feed Production
This business is small scale manufacturing. Having confidence in distribution, one can start this business to make money out of livestock feed production.Read More…
- Frozen Chicken Production
Frozen chicken is a hot product now. The demand for this product is increasing globally. An entrepreneur living in a metro or suburban city can start this business with proper planning.
- Botanical Pesticide Production
The botanical pesticide is one of the most profitable agriculture business ideas. It is an essential and mandatory product for organic farming. the demand for this product is increasing highly.
- Basket and Broom Production
Basket and broom are very common products in rural agriculture scenario. An entrepreneur can start this business by sourcing these products from rural makers and after giving an ornamentation, it can be sold as utility or decor item through retail and online both.
To start profitable basket-weaving business one requires thoughtful planning and a high level of creative mind having a flair for design. Using a wide range of raw material an entrepreneur can initiate customized basket-weaving business from a home location with moderate capital investment.Read More…
Broom production technical process is simple and the project can be initiated with proper planning and moderatecapital investment . Broom have been used from centuries to sweep up dirt and dust, in and around homes and workplaces.Read More…
Flour milling business has many diversified fields. An entrepreneur can start this business with a proper business plan. Establishing your own brand product is highly profitable in this business.
- Fruit juice-Jam-Jelly Production
Fruit juice-jam-jelly production business has the huge market opportunity. Most important thing is the production process is not that complex and can be initiated small-scale basis.
Having confidence in the source of raw material (ground nut) an entrepreneur can start this business with moderate capital investment. Processed groundnut has very good market potential globally.
Processed cashew nut is a consumer durable product and has huge market potential in the FMCG industry. An entrepreneur can initiate this venture semi-automatic small scale basis.
Commercial quail farming is all about raising quails commercially for the purpose of profitable eggs and meat production. Globally quail farming is playing an important role in fulfilling the daily family nutrition demands and earning livings.
Shrimp farming is an aquaculture business that exists in the freshwater environment, producing shrimp or prawn for human consumption. The demand for this product is increasing globally.Read More…
A fish hatchery is a place for artificial breeding, hatching and rearing through the early life stage of finfish and shellfish in particular. Hatcheries produce larval and juvenile fish primarily to support the aquaculture industry where they are transferred to on-growing systems.
Having a sufficient landholding an entrepreneur can start a piggery business. Among the various livestock species, piggery is most potential source for meat production and pigs are more efficient feed converters after the broiler. The major facility is pig farming requires a small investment in buildings and equipment.
Commercially soya beans processing to produce milk, soy flour, soya sauce, soyabean oil, natto etc is a very profitable agriculture business ideas to start with moderate capital investment. With proper marketing strategy, an entrepreneur can start this business in small scale also.
Rising global demand gives a boost to spice processing industry recently. Good quality processed spice has very good demand. Processing and packaging methods are not very complex. The margin is also very satisfying in spice processing business.
Vegetable farming is one the most profitable agriculture business ideas. Having sufficient land an entrepreneur can start good quality vegetable farming with quality seed and fertilizers.
Chicks hatchery business is all about making money by selling commercially produce chicks to local egg and poultry farmers. It is a highly profitable business to start with a small capital and as such no specialized knowledge is required.
The Scientific method of rajanigandha farming gives this business a boost towards a successful commercial business. Apart from the usage as the only flower, rajanigandha is widely used in cosmetics, perfume, essential oils, ayurvedic medicine and pan masala industry. The flower can be grown 8000 kg per hector yield.
Tea growing business has huge potential and demand for the product is increasing globally. Tea plants typically fare best in acidic soil and regions with heavy rainfall (around 40 inches per year), although they can be grown anywhere from sea level to altitudes as high as 1.3 miles above sea level.
- Grocery E-Shopping Portal
Grocery E-shopping portal is a most trending business in recent phenomena. This tech-based business opportunity demands proper planning and strong online marketing strategy to start.
A landscape expert is a personnel who is enough knowledgeable in the field of landscape architecture. The practice of landscape architecture includes site analysis, site inventory, land planning, planting design, grading, storm water management, sustainable design, construction specification and ensuring that all plans meet the current building codes and local and federal ordinances.Read More…
Growing medicinal herbs commercially are one of profitable agriculture business ideas. Having sufficient land and knowledge about the herbs marketing, an entrepreneur can initiate medicinal herbs farming with moderate capital investment.
Cactus is the most favorable item as plant decor item. This is ideal for tabletop gardens, and many plants can coexist happily in the same container. Creating and selling cactus arrangements is a very profitable and self-rewarding business to start. It can initiate from a home location with low startup capital.
Commercial dairy farming is one of the most profitable agriculture business ideas. Apart from milk, it produced a quantity of manure. There is a tremendous scope/potential for increasing the milk production through profitable dairy farming.
Goats are among the main meat-producing animals in India. This meat is one of the choicest meats and has huge domestic demand. Due to its good economic prospects, goat rearing under an intensive and semi-intensive system for commercial production has been gaining momentum for the past couple of years.
Commercial jatropha farming for Bio-diesel is one of the most trending agriculture business ideas. By exploring the modern technology marginal farmers and cultivators can produce jatropha as a raw material for bio-diesel.
Potato powder has wide application in the processed and snack food industries, it can be used in any recipe which requires mashed potatoes. Potato powder is used as a thickener or base for the preparation of ready to eat vegetable gravies and soups. The processing method is also not very complex. Potato powder processing business can be initiated semi-automatic small scale basis.
Corn (Maize) is one of the most versatile emerging crops having wider adaptability under varied agro-climatic conditions. Globally, maize is known as the queen of cereals because it has the highest genetic yield potential among the cereals. Commercial corn farming by using modern technology with quality seed is one of the most profitable agriculture business ideas.
- Certified Seed Production
Seed certification is a quality assurance system whereby seed intended for marketing is subject to official control and inspection. At its simplest, the system certifies that a sack, packet or box of seed contains what it says on the label and that the seed was produced, inspected and graded, in accordance with the requirements of a Certification Scheme. To initiate this business you don’t have any requirement of land, just start the venture by contract farming.Read More…
Soil Testing is agronomically sound, beneficial and environmentally responsive tool used for monitoring the nutrient as well as making precise fertilizer recommendations for various crops and cropping sequences ensuring no damage to the environment. Establishing a soil testing lab with a Government certification is one of an ideal agriculture business ideas.
- Green House Flower Export
Establishing a greenhouse for only export-oriented flowers is one of the most profitable business ideas. An entrepreneur having a connection to the flower export market and having land-holds can initiate this venture with substantial capital investment.
- Horticulture Crop Farming
Horticulturists produce fruits, flowers, and plants in greenhouses and nurseries. Selection of the crops and method is important in this business.
Commercial small potato chips production line can process both potato chips and french fries. As it is an FMCG product demand is increasing globally.
- Fodder Farming for Goats and Cows
Fodder is any agricultural foodstuff used specifically to feed domesticated livestock, such as chickens, horses, pigs, cattle and goats. The term refers to food given to animals, rather than the food they forage for themselves. Types of plants typically grown for fodder include alfalfa, barley, oats, clover, grass and wheat.
As internet facility is spreading fast, even farmers from remote villages have access to the internet. There is a growing need for unbiased , honest advice for farming related activities.People having knowledge and expertise in farming related activities worth consider agro farming blogs
As with other consulting services, agriculture consulting requirement is surely expected to grow with coming days. People with experience and knowledge in a specified field of farming activity can consider offering consulting services to organizations and farmers.
For more learning in agribusiness management check out: Introduction to Agricultural Economics and Agri Business Management
Category: Business ideas