If you think farmers have endless suffering in their lives due to loans, ultimate rains and drought then we have found a way out. Now even a small-scale farmers can generate more revenue from basic farming.
Agriculture is one of the most growing and demanding sectors in today's era .There are more than 100 agriculture businesses that are growing rapidly these days. In this article, we will take you some profitable and demanding businesses in India.
If we separate service sector from India's huge GDP, we will realize how our economy breaths on agriculture. Forming 13% of the country's total export, agriculture contributes 18.5% of India's GDP.
Here are the Most Profitable Business Ideas in Agriculture :
1. Agricultural Farm
One can start an agricultural farm by investing reasonable money. You can produce items as per the local demand and sell them locally. For far areas you can even supply the product through distribution channels. You can also sell some items direct to GOI on MSP (minimum support price).
2. Poultry Farming
Poultry Farming is one of the fastest-growing & most profitable businesses in the current indian market scenario. This is the best idea for those who want to make a successful agri-bussiness career in India.
It has transformed into a techno-commercial industry from the status of backyard farming for three decades.
3. Sunflower Farming
The land is the primary requirement to start sunflower farming. Growing sunflowers for oilseed requires a small investment. It is also known as Commercial Cash Crop. It is a highly profitable crop in oilseed production and takes very short duration 80-115 days to grow.
4. Vermicompost Production
With high demand for good quality vermicompost products, this kind of production is very profitable agro-based business idea.
It requires no special area as you can start it even from your backyard. You must keep in mind to have an effective marketing plan to succeed in this type of business.
5. Medicinal Herb Farming
Recently Ayurveda and Yoga have regained their popularity all over India as well as the world. Cultivating herbs which are of medicinal vale has a great potential in market.
As there are various companies competing in the ayurvedic medicine market, you can supply the required herbs to them and gain much profit. There is also an option to export these herbs as the International demand.
6. Pickle Making
As the most popular item in the indian recipe, setting up a pickle making business can make you tap a potential domestic market as well as an exports market. Pickles have also demand in other countries.
As there is a variety of different quality pickles to be produced, you can use a good plan to expand this form of business which is low capital intensive.
7. Spices Processing
The demand for organic spices is all over the world. We need spcies at home also. Its processing and packaging process is not very difficult and can be started with less capital investment.
Here are some tips for making your farm more profitable:
1. Business Planning. A well thought out business plan is central to any new enterprise, and farms are no exception.
2. Market Research.
3. Choosing the Right Crop.
4. Start Small.
5. Diversification.
6. Documentation.
7. Getting Financed.
8. Proper Land.
The Rules of economy apply to farming as much as they do to any other business.
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