26 Most Profitable Agribusiness Ideas To Try Out with Little or No Capital in 2023
Are you looking for lucrative Agribusiness Ideas to try out this year or next year? In this article, I will talk about the 26 most profitable Agribusiness Ideas you can try out with little or no capital. The farming business in general is very lucrative and I would encourage entrepreneurs to venture into it. You can become a farmer as a side hustle or you can go into farming full-time.
List of Profitable Agribusiness Ideas
Below is the list of the most profitable Agribusiness Ideas for investors interested in Agribusiness:
1. Vegetable Farming
Spinach, lettuce, pumpkin, broccoli, cabbage, 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.
2. Mushroom Farming
Mushroom farming is one of the most profitable agricultural business ideas for young entrepreneurs, which has a turnaround period of only three weeks. Yes, you heard that right! And, it has huge profit potential with demand for good quality and organic mushrooms being high among restaurant owners as well as households.
3. Transportation Business For Farmers
One of the challenges most farmers encounter is the lack of means of transportation to get their farm produce from their farms to the market. You can start a farm transport business to help farmers sort their transportation needs for a fee.
4. Livestock House Construction
Constructing poultry houses, dairy farming cubicles, and other such farming structures for use by farmers to rear their livestock.
5. Poultry equipment manufacturing
These are usually skilled artisans who construct various equipment needed on the poultry farm – welders, carpenters, electricians, etc. You can learn the various specifications needed for the poultry equipment and you are in business.
6. Chicken and egg distribution business
This basically involves bridging the gap between poultry farmers and the consumer market. It is very lucrative and requires relatively little money to start up. You can focus only on chicken, eggs, or both. You meet poultry farmers, buy their stock and resell them in the market to wholesalers and retailers. It does not need any special skills, only your marketing abilities, and a working vehicle.
7. Fertilizer Distribution Business
If you like the idea of making a profit by helping people work with the soil, you might enjoy being a part of the fertilizer industry by starting a fertilizer distribution business. Entrepreneurs can initiate a fertilizer distribution business with a proper selection of products from any location. Find suppliers willing to do business at a suitable price in your area. Obtain quality products at a reasonable price from a reliable source. You can go for import also in the case of bulk purchase. In the fertilizer distribution business, the source you choose will depend on your start-up budget.
8. Soil Testing Lab
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. Establishing a soil testing lab is one of the ideal agriculture business ideas.
9. Agriculture Consulting
As with other consulting services, agriculture consulting requirement is surely expected to grow in the coming days. People with experience and knowledge in a specified field of farming activity can consider offering consulting services to organizations and farmers.
10. 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.
11. 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.
12. 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.
13. Fish Farming
The 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.
Having sufficient landholding an entrepreneur can start a piggery business. Among the various livestock species, piggery is the most potential source for meat production and pigs are more efficient feed converters than the broiler. The major facility is pig farming requires a small investment in buildings and equipment.
15. Planting Service
If you don’t have your own farm but still want to build a business centered around planting crops, you could start your own planting service and work with other farmers or growers in your area.
16. Recruiting agency for Farmers
Most farmers suffer from a shortage of literate, low-level farm labor on their farms. An agency that helps farmers easily and quickly recruit young, intelligent, and literate labor for middle to long-term positions on their farms would be a huge hit.
You could also offer a whole tourist experience at your farm where people can come visit and maybe even stay as part of a bed and breakfast type of experience.
18. Honey Business
You don’t need to have your own bee farm for you to start a honey supply business. You can source for and purchase honey in big jerry cans from places like Makueni and sell it in small quantities.
19. Firewood Production
If you have trees on your land, you could use sell the firewood to those who need it. Creating a long-term sustainable business would depend on expanding the amount of land on which you can harvest trees and also systematic replenishment through continuous replanting.
20. Tree Seed Supply
You could also harvest seeds from different trees and sell them to people who want to plant new ones.
21. Agricultural Equipment Rental
If you have the capital to purchase farming or agriculture equipment, you could start a business where you rent or lease that equipment out to farmers.
22. Fruit juice-Jam-Jelly Production
The fruit juice-jam-jelly production business has a huge market opportunity. The most important thing is the production process is not that complex and can be initiated small-scale basis.
23. 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 by only having a phone and computer with an internet connection.
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 doorstep delivery.
25. Worm Farming
Worm farming is another agribusiness that is suitable for enriching farm soil and also supplying animal protein for fish reared in ponds. This is one of the very good agribusiness ideas that isn’t being exploited.
26. Plantain Farming
The plantain farming business is one of the most lucrative farming businesses you can venture in. It will require less labour and little input. You can run plantain farming on a small scale or use your empty land lands in your backyard for plantain farming.