Having confidence in the source of raw material (groundnut) an entrepreneur can start this business with moderate capital investment. By exploring the following pages, you can learn about agricultural business classes and degree programs. We promise not to spam you. If you are interested in starting a business in the agricultural sector and looking for the best profitable small agriculture business ideas, this article will help you in selecting the right business opportunity. The commercial fish farming business is a lucrative investment that can spin money at any time of the year continuously. You will pay pennies for packets of seeds and make way more when selling starter plants. Another major problem confronting every farmer in Africa, especially in Nigeria, is the problem of getting rid all the unwanted crops (weeds) from the farm, which successfully compete with crops and exhaust the soil nutrients. So we instituted a 50% subsidy, with the idea that farmers would fund more and more of their purchases over time. Undergraduate coursework in agricultural business includes meteorology, calculus and agrarian economics. Selling flowers is a very profitable retail agriculture business. The fertilizer distribution business is fit for people who live in small towns and rural areas. You can choose to specialize on Catfish, Tilapia, Trout, Salmon, etc. It is popular among the working class as a quick mid-day meal. Herbicides market is a virgin in Nigeria- meaning that if an investor produces 20-30 tonnes daily, he will still sell all. Honey is manufactured in one of the world’s most efficient factories, the Beehive. A backyard can serve as a good source of additional income, food and employment; thus reducing poverty, hunger and idleness. In addition to traditional farm livestock such as cattle and pigs, there are many new agricultural business ideas for breeding and selling animal such as: Goat farming . The production process is not so difficult. What are the best agricultural business ideas for villages? A lot of people are going into livestock farming like fish farming, pig farming, poultry farming and a whole lot of others. You can sell your Honey to high net-worth individual, busy executives who prefer to take pure honey than sugar, I know some honey dealers who are ready to give out their honey at a ridiculously low prices, all you need to do is to package it for the local or international market. But without a ready supply, it was challenging for farmers to express their demand. Agricultural transformation has to be led by the private sector. An organic farm greenhouse business has a high potential to grow and succeed because the demand for organically grown farm products has grown considerably in recent years. The majority of those people earn their living by farming small plots of land. What are the best agro-allied business opportunities for big towns and mega cities? Mozambique and Ghana discovered innovative ways to finance agricultural development. The term is a portmanteau of agriculture and business and was coined in 1957 by John Davis and Ray Goldberg. Rwanda figured out land registration and titling. The charcoal industry is a multi-billion dollar industry and a money spinner for interested investors. AGRICULTURE BUSINESS PLAN EXAMPLE. If you'd prefer to pursue an education through distance learning, options are available. Strawberry farming is profitable even with a small piece of land. It is very easy to market also, particularly in big towns and cities where people are used to modern life. By seeing agriculture as business, smallholders as customers and entrepreneurs, and companies as organisations that want smallholders as customers and suppliers, policymakers and investors can leverage the continent’s existing assets to catalyse economic transformation rather than trying to create it from whole cloth. Yes, eWallet was about delivering fertiliser and seed vouchers, but it was also about building a platform for interacting with millions of once-inaccessible smallholders in the future. Make sure you go for a fully matured and big nails as they are sold in bunches of 20 pieces and the prices ranges from N1,800 and N3,000 per bunch. My father, who grew up farming, used to tell me that “agriculture doesn’t pay.” And when farmers have no access to finance, inputs, information, or markets, it doesn’t. Dairy products: You can start making your own dairy products like milk, cheese and butter for sale. Take advantage of that by processing and packaging your own spices. Agricultural businesses can be started with little or no training. The publisher's permission is required to reproduce the contents in any form. By seeing agriculture as business, smallholders as customers and entrepreneurs, and companies as organisations that want smallholders as customers and suppliers, policymakers and investors can leverage the continent’s existing assets to catalyse economic transformation rather than trying to create it from whole cloth. It gives lucrative margins to the growers. A lot of our readers have already tap into this opportunity by providing supportive services to Nigeria exporters. The selection of crops and methods is important in this business. By exploring the modern technology marginal farmers and cultivators can produce Jatropha as a raw material for bio-diesel. There are two main broad categories of mushrooms; the edible and the non-edible (which is poisonous). Education in agricultural business can lead to a career in food production, business or government. If the development sector starts treating agriculture as a business, then the hundreds of millions of small business owners operating farms will have better options from which to choose. All Rights Reserved. Vegetables are one of the highly consumed food items in the world. Hatchery-: Another very good business for young entrepreneurs is starting a hatchery for eggs and selling day-old chicks to poultry farmers. If yes, then I want to congratulate you because you can connect the agro farmers in the rural areas with Nigeria exporters and earn a commission. Our data indicated that only 11% of the fertiliser procured by the government got to farmers in the end. There is no law prohibiting the keeping of rabbits in Towns and Cities. Foodstuff like rice, beans yams plantain, potatoes, onions, pepper, oil etc. All you need to do is to buy the charcoal from the farmers and bring it down to the major cities like Lagos, Abuja and Port Harcourt and resell to the retailers. The koi farming industry is growing in the last few years. But also pay in terms of a healthier and happier life for hundreds of millions of Africans, and a stronger Africa. After removing skin, unripe fruit can be sliced (1 or 2 mm thick) and fried in boiling oil, to produce chips. Florist-: Fresh flowers are generally used for home decorations or event decorations and you can make money from growing flowers for sale. Horticulturists produce fruits, flowers, and plants in greenhouses and nurseries. Soil Testing is an 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. Start your own agriculture farm business plan. It is also pleasing to note that snail production venture could be kick-started with a little initial capital. Processed cashew nut is a consumer durable product and has huge market potential in the FMCG industry. All agents of the food and fiber value chain and those institutions that i… Processed groundnut has very good market potential globally. These businesses would bypass government bureaucracies and build supply chains directly into rural communities, generating – we hoped – significant ripple effects. Types of plants typically grown for fodder include alfalfa, barley, oats, clover, grass, and wheat. Home » Business ideas » Agriculture Industry ». And you can grow this fruit from your backyard. Commercially soya beans processing to produce milk, soy flour, soya sauce, soyabean oil, natto, etc is very profitable agriculture business ideas to start with moderate capital investment. Buy Charcoal from the rural areas and resell in the cities. Agricultural business is all about the production and marketing of agricultural commodities through farming items related to livestock and crops. Fodder is any agricultural foodstuff used specifically to feed domesticated livestock, such as chickens, horses, pigs, cattle, and goats. And of course, you can do it from the comfort of your home. Those with higher degrees typically seek employment opportunities in academics and research for agricultural business. It is one of the profitable agriculture business ideas one can start with moderate capital investment. Establishing a greenhouse for only export-oriented flowers is one of the most profitable business ideas. Cactus is the most favorable item as a plant decor item. It has a high rate of protein, iron, low fat, and almost all the amino acids that are needed for the human body. Do you know that you can make 100% profit if you buy your charcoal from the farm or production site and sell to the retailers; a bag of charcoal (32 to 35kg bag) is being sold for N450 to N550 from the farm, while the retailers sell to the final consumer at N1000 to N1,5000 per bag. [citation needed], As concern over global warming intensifies, biofuels derived from crops are gaining increased public and scientific attention.