Do you want to start a money making agriculture/farming? If YES, here are 50 new innovative profitable agricultural small business ideas you can start in 2016 with no money / experience.
Ever wondered what life would have been without farmers? Well, if you have, chances are that you have come to realize that should there be no farmers on the face of the earth, then starvation and poverty would become our mantra. The agricultural industry is no doubt amongst the leading industry in most countries of the world; it is the industry that produces food for the populace and also helps in the generation of income.
Because of the significant role the agriculture sector plays, the government of most countries ensure that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into farming.
There are several business opportunities available in the agricultural industry and one good thing about the industry is that there is market for all the produce which the industry churns out. Over the years, researchers and scientist have been reaching for ways to improve crop cultivation – especially in areas where the soil composition and climatic condition does not support the growth of certain crops (cash crops, food crops et al). So also; engineers have been improving on their invention as regards mechanized farming, as well as other factors that are imperative to the trade.
As a matter of fact, with the recent advancement in technology, farmers can now yet comfortably grow crops in countries where such crops can hardly survive and in places where there are few farming land, people can make use of the rooftop (basement) of their houses to cultivate crops even for commercial purposes.
50 New Innovative Agriculture Business Ideas in 2016
For the purpose of this article, the agricultural industry can be classified into the crop cultivation, livestock breeding, and agro – allied products and services categories. So if you are interested in starting a commercial farming business, here are 50 business ideas an entrepreneur can choose from in the agricultural industry;
Crop Cultivation Business Ideas
- Rice Cultivation
Rice is stable food that is consumed in all parts of the world which makes it a good crop to cultivate. If you are looking towards starting an agricultural crop cultivation business and you live in an area (preferably swampy and water logged areas) where the soil composition and the climatic conditions support the growth of rice, then one of your best options is to go into rice farming.
The truth is that, you don’t have to go all the way from cultivation to processing to bagging and to retailing before you make huge profits from rice farming. There are readily available buyers of raw rice; those who have factory for processing, bagging and wholesale distribution of rice.
This is a very stable type of business to go into. This is especially because of the huge reward of labor it guarantees and the profitability it brings. There isn’t any race that doesn’t consume rice; as such. It is a determiner for success.
Tomatoes and pepper are another key agricultural produce that plays prominent roles in the preparation or stew (sauce, soups et al), this is irrespective of the part of the world that you live in. What is more, one good thing about tomatoes and pepper is that it is easy to cultivate. As a matter of fact that there is a large market for tomatoes and pepper.
Consequently, if you are looking at considering an agricultural crop cultivation business, then one of your options is to go into the cultivation of tomatoes and pepper. It is important to state that, tomatoes and pepper are perishable crops hence proper arrangement must be put in place to ensure that the crops are sold as soon as possible after harvest.
In starting this business, you will need to first of all do some feasibility studies, about the lands that are available for you to farm on, as well as all what would be need to kick start your tomatoes and pepper farming business.
- Vegetable Farming
Spinach, lettuce, pumpkin, broccoli, cabbage, and cucumber et al, are all vegetables that are consumed in every part of the globe and can also be cultivated in every part of the world. This goes to show that there is a very large market for vegetables. So, if you are looking towards starting an agricultural crop cultivation business, then one of your options is to go into vegetable farming.
Just like most agriculture produce, vegetables are perishable crops hence proper arrangement must be put in place to ensure that they are sold as soon as possible after harvest. Usually, farmers ensure that they make arrangement with buyers before harvesting their crops; it is safer and cost effect. It is only when they can’t secure buyers that they take their crops to farm markets.
In starting this business, you have got to put adequate arrangements in place so as to know who and who to ship your produce to for supply. It will also entail that you undertake some analysis in order to know the best marketing approach that will work for you.
- Grains Farming
Grains are a stable food that is consumed in all the countries of the world; hence there is a global market for grains. Grains such as millet, wheat, oat, shogun, barely, cereal, soybeans, black mustard, sunflower seed et al, are of good market value. This is expressly for food processing companies that are into flour production, malt drinks and beer et al. So, if you are looking towards starting an agricultural crop cultivation business, then you should consider going into grain farming. On like vegetables, grains can last longer if well preserved.
Most breweries are in the habit of purchasing these grain produce in tons of quantities. As such, you will need to be well positioned and noticed so that you can take advantage of the opportunities these organizations have got to offer.
- Groundnut Cultivation
Groundnut is a cash crop that can is consumed in all the parts of the world. The truth is that, there is a large market for groundnuts. If you live in area where the soil composition supports the cultivation of groundnuts, then you should consider going into the cultivation of groundnut.
There are a whole lot of things that can be gotten from the groundnut after it has been processed. There is the groundnut oil; there is also then peanut butter, amongst other things.
- Sweet Potatoes and Irish Potatoes Farming
Sweet potatoes and Irish potatoes are crops that are consumed globally and it can be processed into different forms. It can be eaten when cooked, and when fried. Potatoes chips can easily be packaged and exported from country to another. Thus, if you are looking at starting an agricultural business, then one of your options is to go into the cultivation of sweet potatoes and Irish potatoes. It is a cool way of making money because there is a readily available market.
It is very important that you garner some business management knowledge; so that you can drive your business the way it should be driven. Doing this would tantamount to you positioning yourself for profitability.
- Fruits Plantation
There are several types of fruits that exist. They are such as mangoes, cashew, guavas, oranges, apples, pawpaw, cherry and the list goes on. No doubt there is a large market for fruits and the fact that fruits can be processed into drinks and juice makes it highly sellable.
If you have access to a large portion of land, in an area with good soil compositions and good climatic condition, then it will be to your advantage to go in fruits cultivation. You can afford to go into the cultivation of various fruits at the same time or you can choose to cultivate a handful of fruits especially fruits that are in high demand in your area.
If you have the right information needed and enough to help you launch out, then you would be surprised at the large market you will command when you start on a right footing.
- Cassava Plantation
Cassava is a crop that is predominantly consumed in South America and Africa. It can be processed into flours and also into chips. If you live in Africa especially West Africa or you live in South America, and you are looking towards starting an agricultural crop cultivation business; one of your options is to go into cassava plantation. Cultivating cassava is less stressful especially if cultivated in a land to supports its growth.
Furthermore, these days, cassava is even being used as flour to produce breads, and other flour based meals. So, you see that the list is indeed endless. Begin your plantain plantation today, and in no time you would smile to the bank.
- Pineapples Plantation
Pineapple juice, pineapple chips and pineapple flavor et al, are products from pineapples. One good thing about starting this trade is the point that these products can be exported from one country to another, because there is a global market for pineapple products.
So, if you are looking towards starting an agricultural crop cultivation business, then one of your options is to go into pineapples cultivation. Please note that just like most agricultural produce; pineapples are highly perishable hence you should make sure you make arrangement for selling them before it ripens. When it comes to selling pineapples sourcing for juice production company is your best bet.
- Apple Plantation
Apples are some of the few fruits that can last for a while and stay fresh if well packaged- which is why it is easier for apples to be exported from one country to another. Although apples don’t grow in all the countries of the world, but if you live in a country where the soil composition and climatic condition supports the growth of apples, then it will be a good idea to start your own apple plantation. There is a global market for apples and aside from the fact that apples can be eaten fresh from the trees just like other fruits, apples are used in the production of juice and drinks et al.
People are aware of the fact that apples help keep the doctor away, and so the consumption of apples would continue to be on the rise.
- Yam Cultivation
Yam is another tuber crop that is cultivated majorly in Africa, South American and in most countries of the world. Yams can be eaten when cooked, fried and as flours et al. No doubt there is a large market for yams. As a result, if you are looking towards starting an agriculture crop cultivation business and you live in Africa or South America, then one of your options is to go into the cultivation of yam. Unlike most agriculture produce, yams if well preserved in a barn can outlive one season.
You do not necessarily have to be the person doing the cultivation. You may think to just handle the business management aspect, whilst you hire farmers to help with the operations.
- Mangoes Plantation
Mangoes takes time to grow from seedling state to fruition stage; so if you are considering going into the cultivation of mangoes cultivation, then you must be patient enough to wait. One good thing about mangoes plantation is that once the tree is up, then you can be rest assured to harvest mangoes once or twice a year. There are some species of mangoes that can produce mangoes fruit twice in a year- if that is the type of species you would like to start with, then you may consider asking experts to put you through in that line.
. There is hardly any part of the world where mangoes are not consumed either directly or after been processed as juice et al. This goes to show that there is a large market for mangoes.
- Orange Orchard
Orange is perhaps one of the most popular fruits in the world; there is a massive market for oranges. As a matter of fact, owning an orange orchard is an investment because year in year out you will continue to generate income from it. Oranges are consumed directly and predominantly as drinks and juice. So if you are looking towards starting an agriculture crop cultivation business, then one of your options is to go into orange farming. It is a cool way of making money especially if you have the financial capacity to set up your own juice production company.
- Cashew Plantation
Cashew is a cash crop that is consumed all over the world. One good thing about cashew is that aside from the fruits that can be eaten fresh or processed into juice, the nuts are also edible; they are eaten as snacks. So, if you are looking to launch out into farming, then one of your options is to go into the cultivation of cashew. Just like most fruit trees, once your cashew trees are matured, you will continue to harvest from them for as long as possible.
- Cotton Wool Farming
Wools can be gotten from sheep and also from cotton wool. It is regarded as a cash crop. No doubt wool is a major component in the textile industry, as it is used in producing textiles for garments. This goes to show that there is a very large market for wool. If you have the financial capacity to go into cotton wool farming, there are no limits to the income you can generate as long as you have vast hectares of land to cultivate cotton wool. Cotton wool can easily be exported from one country to another and there is readily available market for cotton wool.
- Rubber Plantation
Rubber is another economic crop that has great value. Rubbers are used in producing loads of products ranging from containers, to bags, to electrical and mechanical components hence there is a large global market for rubber. If you are looking towards investing in the crop cultivation, one of your best options is to go into rubber cultivation. As a matter of fact, a handful of rubber trees can sustain a family from one generation to another; that is how valuable rubber is. In essence investing in a rubber plantation is and investment of a lifetime.
- Palm Tree (Fruit) Plantation
Just like rubber, palm fruit is yet another economic crop that as great value. Owning a palm fruit plantation is a lifetime investment. You are like going to generate income from your palm fruit plantation for as long as possible. Palm trees and palm fruits are used in the production of loads of products ranging from creams, to palm oil, to palm wines, to chemicals, to brooms and craft works et al. If you have access to a large portion of land in an area with soil composition and climatic conditions that supports the growth of palm trees, then one of your best options is to go into the cultivation of palm fruits.
- Beans Farming
Just like rice and most grains, beans is another stable food that is consumed in all the parts of the world. This goes to show that there is a large market for means. Beans if well preserved can last long and they can be comfortably bagged and transported from one region to another.
If you looking towards going into farming and you live a region or country that has soil composition and climatic condition that supports the cultivation of beans, then you should consider going into beans farming. There are different types of beans that you can cultivate, just ensure that you conduct your research and market survey before making your choice on the type of beans that is highly marketable in your country.
- Maize Farming
Maize is yet another crop that is consumed globally. As a matter of fact, maize can be processed into various forms; gourmet, flour, beers et al. No doubt there is a large market for maize and maize is simple to cultivate. In most parts of the world and perhaps with the aid of scientific advancement, maize can be cultivated all though the year irrespective of the season. So if you are looking towards starting your own farming business, especially a product that can be cultivated within a short period of time, then one of your options is to go into maize farming.
- Tea and Coffee Farming
Tea and coffee are considered as cash crop that can be cultivated in a country and exported to another country. As a matter of fact, tea and coffee are the major export from some countries; it is one of their major sources of income generation. Tea and coffee are cultivated in most countries of the world and there is a large global market for them. So, if you are looking towards going into exportation of agriculture produce from your country to another country, then one of your options is to go into tea and coffee farming. It is a highly profitable farming business to go into.
- Tobacco Farming
Tobacco is yet another agriculture produce that has high market value. There is tobacco manufacturing companies to source for supply of tobacco crops. If you live in state of region with the presence of tobacco manufacturing companies and you are looking towards going into farm, one of your options is to go into tobacco farming. No doubt there is a readily available market for tobacco crops either locally or internationally.
- Plantain and Banana Plantation
Plantain and banana are crops that can easily be cultivated and they are consumed in all the parts of the world. Owning a plantain or a banana plantation is a lifetime investment. The truth is that bananas and plantains grow naturally with little or no input from a farmer (the owner of the plantation).
So, if you live is the Caribbean or along coastal areas and you are considering going into farming one of your best options is to go into the cultivation of plantain and banana. There is a large market for plantains and bananas. Please note that plantains do not grow in some country but banana can be cultivated in all the countries of the world.
- Sugarcane Plantation
Another crop that is known to grow easily around tropical islands is sugarcane. As a matter of fact, during the slave trade era, islands within the tropical region (the Caribbean countries) are used for sugarcane plantations. Till date, these regions are notable for the cultivation and export of sugarcanes. Therefore, if you are looking for any agricultural related business to start around tropical islands, you should consider starting your own sugarcane plantation.
- Mushroom Farming
Mushroom is another crop that is easy to cultivate and that is consumed in most countries of the world. Mushrooms are natural phenomenon that can give you much money. The untapped potential of these fungi is so much that if you invest on the venture, your room can no longer be your bank. Mushrooms are rich in vitamins, protein and minerals; they are favored over meat or even fish by some people, considering the nutritional value and superior health implications.
There are two main broad categories of mushrooms; the edible and the non-edible (which is poisonous). The deliberate mushroom cultivation is therefore essential to eliminate the imminent threat of mistakenly gathering the dangerous type. The start-up requirement are mushroom shed or house, sawdust, Polythene bags, Spawns/mushrooms seeds, Urea/nitrogen fertilizer, Lime, water, ceiling machine, weighing scale, extra hands, Refrigerator.
- Bamboo Farming
Bamboo has a lot of economic benefits and that is why it is a brisk business to start a bamboo farms. Because of its strength and resilience, bamboos are utilized as a building material (scaffolding, roofing, flooring et al) in the construction industry, it can be used to make furniture, it is used for decorations, bamboos are used as writing surface, bamboo fiber are used to make high quality paper, bamboo are used to produce musical instruments and it is also used to construct weapons.
Bamboos are used for the manufacturing of chopsticks used predominantly in Asia, they are used as medicine for the treatment of infectious diseases, and some people even use it for the treatment of impotence, infertility, and menstrual pains.
50 Money Making Agriculture Business Ideas for 2016
- Herbs and Flower Farming
Another strategic and rewarding crop cultivation business an entrepreneur should consider starting is to go into the cultivation of herbs and flowers. Although this type of farming is not popular amongst farmers, but the fact remains that it is highly profitable especially if you choose herbs and flower that are in high demand. As a matter of fact, drugs manufacturing companies relies on the supply of herbs from herbs farmers to manufacture drugs. Herbs farming is highly profitable in countries like India and China.
- Marijuana Cultivation
With the recent legislation pushing towards legalizing recreational use of marijuana in the United States of America, there is likely going to be an increase in the demand for marijuana. If you live in a country where there are no law prohibiting people from farming marijuana, then you have the option of going into marijuana farming. There is a large global market for marijuana
- Cocoa Plantation
Cocoa is a cash crop that is used in the production of beverages and chocolate et al. As a matter of fact, in some countries, cocoa is the major cash crop that they export; it is a major source of revenue generation. There is a global market for cocoa; a farmer in Africa can become a major supplier of cocoa seeds to a beverage company or chocolate factory in Europe et al. So if you are looking towards starting an agriculture crop cultivation business, you should consider going into the cultivation of cocoa; it is indeed a profitable venture to go into. Just like most cash crop, a cocoa plantation can outlive a generation.
- Carrots Cultivation
Another easy to cultivate and easy to sell agriculture produce that a farmer can cultivate is carrot. Carrot is a crop that is consumed in all the parts of the world because of its nutritional value. This goes to show that there is a large global market for carrots. So if you are looking towards going into agriculture crop cultivation, one of your options is to go into carrot cultivation. One good thing about carrot is that you can successfully cultivate carrots alongside other crops such as cucumber, water melon et al.
- Onion Farm
Another highly sellable crop that a farmer aspiring to make money from the farming should consider starting is onion farm. Onion is a crop that is consumed in all the parts of the world hence there is a large global market for onion. One good thing about onions is that if well bagged (especially with jute bag) it can be transported from one region to another and even across borders.
Livestock Breeding Business Ideas
- Cattle Ranch
A typical example of livestock breeding business is a cattle ranch. An ideal cattle ranch is place where cows, ox, bulls, bullocks, heifers, donkeys, camels, calves et al are reared. Cattle rearing is a big business; meats, skins, milks and manure et al are gotten from cattle ranches. If you have the financial capacity and you are looking towards going into livestock breeding business, one of your major options is to open a cattle ranch. There is a global market for cattle and it is indeed a profitable business to go into. Please note that it takes a lot of hard work and dedication to successfully manage a cattle ranch.
- Grass – cutter Farming Business
Grass cutter farming is yet another lucrative livestock breeding business that an entrepreneur who is looking towards making money should consider going into. In recent times, it is now pretty much easier to breed grass cutters in cages, unlike when hunters would have to go hunting for grass cutters. Grass cutter farming is a highly thriving and profitable business in Africa; grass – cutter meat is a good delicacy that is eaten in all parts of the world especially in West Africa and East Africa.
- Pig Farming
Pigs breeding business is yet another highly profitable and thriving livestock breeding business that an entrepreneur who is interested in farming should consider going into. Although pork is not consumed in Arab countries and within the Muslim communities, but that does not mean that the pig farming is not a thriving and profitable business venture. Before going into pig farming, ensure that you have done your market survey and feasibility studies so as to ensure that there is a market for pigs in the community you intend building your pig pen.
- Fish Farming Business
Another highly thriving and profitable business venture an entrepreneur who is interested in making money from the agriculture industry should consider starting is to go into fish farming. Fish is consumed in all parts of the world; hence there is a large market for fish.
Over the years, quite a few people have made fortunes from fish farming, as the population is swelling and protein needs are far outstripping the available supply. Before now, people find it easier to rear only catfish, but in recent time fish farmers can comfortably rear tilapias, trout and salmons fish et al. All you need to get started is a space, tanks or ponds, fingerlings and fish feeds et al.
As a matter of fact, goats and sheep is consumed in all parts of the world, it is a good source of protein. If you are looking towards starting a livestock breeding business, one of your best bet is to go into goat and sheep rearing. No doubt it is not easy rearing goats and sheep, but one thing is certain, there is a global market for goats and sheep and it is a highly thriving and profitable business to go into.
- Rabbits Farming
Rabbits farming is yet another highly thriving and profitable livestock breeding business that an entrepreneur who is interested in the agriculture business should consider starting. There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a good source of additional income, food and employment; thus reducing poverty, hunger and idleness.
Rabbit do not compete with humans for food, as kitchen leftovers, cut grasses and formulated or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.
Amongst domestic animals, dogs are being considered to be one of the closest companions to human. Dogs breeding business is a lucrative business especially in countries where people value dogs. Dogs are used for hunting, for security as pets, for games and in some climes as a major source of protein.
In essence there is a global market for dogs howbeit different breeds of dogs are used for different purposes. If you are looking towards setting up your kennel, ensure that you source for dog breeds that are highly marketable in your area. It is important to state that it is easier to sell puppies than to sell adult dogs.
- Snail Farming Business
Snail farming is another interesting, thriving and profitable business venture that an entrepreneur for is interested in making money from livestock breeding should consider going into. As a matter of fact, snail farming require low start – up capital and anyone who is serious about business can generate good income from the business. Snail meat has been severally affirmed as a most safe and nutritious delicacy.
In these days of increased coronary implications and other health implications, snail producers are certain to hit it big because many people are shunning away from beef or red meat. It is also pleasing to note that snail production venture could be kick-started with a little initial capital. The best period to commence snail farming is the rainy season; you can start about 50 to 60 snails to have a good knowledge of how snail breeding works. Make sure you go for a fully matured and big nails
Hens, various birds, quails, guinea fowls, ducks et al are all birds that can be comfortably reared in poultry. Chicken and birds are widely consumed in all parts of the world hence there is a large market for poultry farmers. If you want to start a livestock breeding business, then one of your options is to settle for poultry farming. Poultry farming is a highly thriving and profitable business venture. Aside from the fact that people consume birds and chickens et al, supply of eggs is also a major source of revenue generation for poultry farmer.
It is no longer new that people are now finding it easier to go into bees farming. Honey is gotten from bees and honey is in high demand in most countries of the world. As a matter of fact, people now prefer to use honey as sweetener as against sugar; it is safer and healthier to use honey.
Honey is also highly medicinal hence the high demand for honey. If you are considering starting a livestock breeding business, then you should consider going into bees farming. It is a profitable and thriving business venture. Please note that you would have to learn how to breed bees if not, you might not find it funny when you get several stings from bees.
- Start a Shrimp Farming Business
Shrimp farming is known to be a profitable business and has evolved from small scale to a global industry in most countries where it’s carried out. Countries like United States, China, Japan, Thailand and even South American Countries have been farming shrimps on larger scales for a long while.
Shrimp is known as one of the world’s healthiest foods and is eaten in all the continents of the world. Its antioxidant and anti-inflammatory content makes it most desirable by those who are careful about their cholesterol intake. It is classified as a marine creature and it is easy to come by especially in coastal area and riverside.
Another not too popular breeding business that an entrepreneur can successfully start is the breeding business that requires pretty low start – up capital is worm farming. Worms can be reared in farms just like snail farming, pig farming and other classes of farming that you may know. Worm farming today has come to stay because it has moved from its primitive stage where it was only an activity and hobby, to what it is today – a line of business.
- Turkey Rearing
Unlike chickens and other birds, turkeys are bigger birds that are usually allowed to move freely within a confined area for safety purposes. Of course turkeys are consumed in all parts of the world and as a matter of fact, they are more expensive than chickens and other birds. If you are looking towards starting your own livestock breeding business, one of your options is to go into turkey rearing business; it is indeed a thriving and highly profitable business venture.
- Parrot Breeding Business
Parrot is yet another interesting bird that is loved by many because of its display of intelligence. Starting a parrot breeding business might not be easy venture initially, especially when it comes to sourcing for parrot. But one thing is certain, if you are able to kick start the business with good spices of parrots (the talking species) then you will not struggle to sell and make good profits off them. There is a large market for parrots although it is rear to see people who eat parrots, but almost everybody that purchase parrots keep them as pets, they are funny and interesting pets to keep as companion. If you are lucky to have an intelligent and lively parrot in your home, there won’t be any dull moment.
Agro – Allied Products and Services Related Business Ideas
- Fertilizer Manufacturing Company
It is common to see farmers who are into non – organic farming using fertilizers to boost the growth of their crops. Fertilizer is a typical agro allied products. No doubt there is a very large global market for fertilizer, as a matter of fact, the government of most countries is the major buyers of fertilizer; it is a highly thriving and profitable business venture. As an entrepreneur who is looking at starting an agro allied related business, one of your best options is to go into the production of fertilizers. This type of business is capital intensive and will require licensing and permits from appropriate authority.
- Insecticide, Herbicide and Pesticide Production Company
Another agro – allied related business that an entrepreneur should consider starting is to go into the production of insecticides, herbicides and pesticides. As a matter of fact, pest control is highly needed for the preservation of crops most especially grains meant for storage. Hence, if you are looking towards starting your own agro allied business, then you should consider going into the production of insecticide, herbicide and pesticide; there is a huge market for these products amongst the farming community.
- Fumigation Services
A typical agro allied related services business that an entrepreneur should consider starting is to offer fumigation services. Fumigation is done to eliminate unwanted insects, and weeds et al. It is a highly thriving and profitable business venture that is easy to set – up and manage. If you looking towards starting a fumigation services business, then you need to apply to the appropriate authority in your country to secure the required chemical handling permits and license.
- Air Fresheners and Perfumes
Perfumes and air fresheners are products that are produced from plants. There is a global market for perfumes and air freshener and it is quite easy to set – up this type of business. If you are considering starting an agro allied related business, then one of your options is to go into the production of different perfumes and air freshener. It is a highly thriving and profitable business venture. As a matter of fact, if you are ready to invest big in the business, your brand can grow big and become a global brand in no time at all.
- Palm Oil Mill
Setting up a palm oil mill is yet another highly thriving and profitable agro allied related business that an entrepreneur can successfully start. There is a large market for palm oil; palm oil is used for cooking and also in the production of pomade et al. Hence, if you considering starting an agro allied related business, you should consider starting a palm oil mill. Please note that it is advisable to set this type of business close to palm tree plantation; with that, it will be pretty much easier for you to get your raw materials – palm kernels.
- Rubber Mill
Lastly, another highly profitable and highly thriving business venture that an entrepreneur who is interested in setting up an agro allied related business should go into is to start a rubber mill. Rubber that is tapped raw from rubber plantation usually go through processing before they are sold. The job of rubber mill is to process raw rubber before selling to manufacturing companies that need them. It is a capital intensive business, but you can be rest assured that you will breakeven within a short period of time if the business is strategically located.
These are business ideas that are agricultural related. It is worthy to state that a lot of folks have gone into this business and have made good rewards from these ventures. However, it is only needful to say at this juncture, that; ‘Rome wasn’t built in a day’. This means that you have got to be patient enough to have the staying power to stay with what you are doing, even when it seems that you aren’t making too much sales at the outset.