Starting an agriculture business is a great way to earn a living. However, it also requires investment and time. You need to develop a plan and have the required knowledge and expertise to run the business.
The food and agriculture industry is a global one with close to 1 billion people employed globally. It is estimated that agriculture contributes USD 2.4 trillion to the global economy. There are a variety of businesses in this sector. Most agricultural enterprises require large areas of land and farm equipment.
Agribusiness involves all stages of the production and marketing of agricultural goods. This includes processing, packaging, and marketing.
Soil testing is a valuable tool that can be used to determine the right amount of fertilizer to apply to a field. If you know how to properly maintain a soil test lab, this can be a profitable business idea.
Commercial fish farming is a viable business option. Although the initial capital investment is modest, the profit potential is high. This business is especially appealing to those with small amounts of land.
Starting a commercial fish farm is a great way to earn a profit year-round. It requires a moderate investment and modern techniques. In addition, you will need a suitable space to operate the business.
Another lucrative agriculture business is a pig farm. Pigs are a popular meat source, and are a more effective feed converter than broilers. Even if you don’t own a farm, you can still contribute to the fruit industry.