7 Profitable Farming Business Ideas – Grow these new things
Farming is not just about growing regular grains and vegetables. Times have changed.
The world needs more and people are making profits growing other things as well. Why don’t you grow them too?
Learn 7 Profitable Farming Business Ideas that are flourishing in these times and can help you make money too.
When most people think of agriculture and farming, they envision a typical farmer working in the fields. You could, however, start a small or large business in this sector. Let’s see seven profitable business and farming ideas. We'd also discuss why these business ideas fail and how you can succeed in them.
1. Farming of Exotic Vegetables:
We are all familiar with growing coriander, methi leaves, and palak leaves, but apart from these common vegetables, another market that is flourishing in our country is that of exotic vegetables. Vegetables such as zucchini, bell pepper, lettuce, broccoli, and others could be grown. Depending on the climatic conditions, you can grow these vegetables in your fields. These vegetables are in high demand in metropolitan areas and other major cities.
However, before you begin, learn and seek guidance on how to grow, care for, and transport these vegetables from the nearest Kisan Help Centers to ensure that your crops do not suffer.
In addition to the market, you could collaborate with a few retail chains and restaurants to sell these vegetables. If you don't have land to cultivate, you could learn more about hydroponics. You don't need soil to farm in hydroponics; you can farm with water. Growing exotic vegetables has the advantage of yielding a high profit at a low cost. It is a very interesting business that you could try.
2. Mushroom Farming:
Mushroom farming, once again, is a farming that requires very little investment and no land. For mushrooms, there is a large market in local retail shops, restaurants, retail, and the local market. Mushrooms are in high demand in all cities, big or small. In fact, mushrooms and exotic vegetables are very important ingredients for majority of pizza and pasta making companies and other food chains. You could try tying up with a few similar chains to sell your produce.
You could grow mushrooms vertically in layers in whatever space you have available to make the best use of it. Profitability is also favorable in this market.
There are also many trainers and consultants in the market who can assist you in growing and selling mushroom. So, if you're into farming, you should definitely think about growing mushrooms.
Medicinal herbs are plants that are used to create medicines. With the growing trust in Ayurveda, the consumption of these herbs is increasing not only domestically, but also internationally.
There are two critical components to carrying out this business.
First, you should be familiar with your farm's climatic conditions in order to grow the appropriate medicine herb. If you grow these medicine herbs without knowing the climatic conditions, there is a very high chance that they will not grow properly and you will lose money.
Second, research the market's difference between supply and demand. It would be incorrect to begin with an Amla or Aloe vera plantation. It is critical that you understand the scope of that particular market.
If you require training, you can obtain it from your State's Medicinal Plant Board. You would also be able to contact their office in your area for more information. The government provides subsidies for growing medicinal herbs based on category, which you can take advantage of.
Here's a tip: if you want to increase your profit in your business, instead of selling these herbs directly, process them and then sell them. For example, instead of selling Amla or Giloy directly, make their juice. You could connect with a few food processing plants to accomplish this. It is a very profitable and appealing market, but make sure you go with proper training and study this market, you will undoubtedly be successful.
Most of us are familiar with cow farming, but purchasing and caring for cows is a labor-intensive and high-investment business. If you have limited funds and want to start a business, you could consider goat farming. You could start with ten goats and gradually increase the number to whatever size you desire.
To do this work, it is critical that you receive proper training from the State Goat Research Centre, which will teach you how to care for goats and assist you in selecting the right goats for your business.
The cost of goats is determined by the health and breed of the goats. If the health of your goat is good and it is of a good breed, you will be able to get a good price for it. This is a very interesting business. This is a very interesting business that could be done on a large scale.
5. Oil extraction from Vegetables and Flowers:
This is a growing market that you could enter. Producing virgin cold pressed oil is a high-end business. These oils are used in cooking, medicine, cosmetics, direct application, and aromatherapy and fragrances. You could sell them online as well as in the retail market. You could make coconut oil, mustard oil, or lavender oil and sell it in both the domestic and international markets. This could be a profitable venture.
6. Food Processing Plant:
You could set up a food processing plant if you have some money to invest and want to make more money. Processing does not only refer to making jam, jelly, or pickles; you can also make high-end products such as Wheat grass powder, Moringa powder, Apple cider vinegar, Spirulina, and so on. You could sell them both online and in-person. This business has the potential to make you a good profit.
7. Fish Farming:
Fish farming has the potential to be a lucrative business. You wouldn't need large bodies of water for this; instead, ponds or small water tanks would suffice. For this business, you can operate at two levels. The first is to establish fisheries or hatcheries where you can hatch fish eggs and sell them.
Secondly, you buy small fish and then sell them when they grow large. You would need proper training to do both of these jobs because if these fish die or became ill, it’s your loss. You could seek the assistance of National Fisheries Development or consultants, as doing this business with proper training will be extremely beneficial to you.