8 Most Profitable Agricultural Business Ideas For Entrepreneurs

There are so many innovative, lucrative and profitable agriculture business ideas that intending entrepreneurs can choose to make the money they need.

Agriculture is one of the profitable businesses in Nigeria that contributes to the nations GDP. Entrepreneurs, individuals recently tend towards agriculture because there is an advancement in agriculture.

To start an agriculture business, one has to know about Agriculture. Some agriculture-based businesses may not require huge capital to start-up capital.
Agriculture business does not require certificates and this makes it easy for anybody to venture into this profitable business. This article will look at the list of profitable agricultural business ideas that can be ventured into.

List of Profitable Agricultural Business Ideas for Entrepreneurs

Poultry Farming
Poultry farming is one of the most recent and profitable businesses that you can engage in with very low capital. Poultry farming is the process of rearing domestic birds such as chickens, ducks, turkeys, and geese to farm meat or eggs for food. You can decide to go into poultry farming for hatchery, meat or for egg productions. The birds and its products in a poultry farm takes only a few months to mature which makes it easy and creates opportunities for you to make money. Poultry products and by-products are always in high demand year-round so entrepreneurs will utilize such opportunity to make a return on the capital they invested in the business.
Rice Farming
Rice is one of the palatable and regular meals to most families in the world. Rice farming is one of the profitable business that one can start, from planting to harvesting of the products will take upmost 6months to conclude. Even if there is a spike in the price of rice in the market, the demand for rice will not be affected because of the high demand.
Anyone looking for a profitable agricultural business idea, live in an area where the climate and soil condition support the growth of rice, you should consider going into rice farming because it does not take time to get your return on investment, recoup your capital, and there is the availability of the large market.
Cassava Farming
Cassava farming is becoming one of the profitable agricultural business because of the different uses the products and by-products from cassava can be used for. Cassava is easy to plant, just stick the stem in the ground. You don't need much and the only pest that affects its plant is just locust and grasshoppers that attacks it leaves.

Some of the products of cassava include garri, starch, flour, animal feed etc. Due to the increase in the population in Africa where cassava is mainly cultivated, the demand for cassava products also grows rapidly thereby leading to revenue generated from it by farmers to be very high.
Cat Fish Farming
Fish farming is one of the profitable agricultural business you can establish although the setup capital is high. With enough structures, space and capital, one can set up a fish farming business. Catfish business is one of the fish farming businesses that entrepreneurs have discovered a source of revenue. In Catfish farming business you need to breed fingerlings to table-size fishes, create awareness for them and selling them to make profits. There is an increase in the consumption of fish since people shy away from consumption of red or cow meet.
Pig Farming
Pig farming is one of the livestock farming, it has become one of the profitable business ones can invest on. Pig farming is turning out to be a profitable agricultural business idea for people with sufficient land space. Pig farming does not consume a lot of initial capital, as pigs can consume anything. Commercial pig farming is beneficial because pigs can produce many piglets from 10 to 14 in a single birth. Pigs can be reared side-by-side poultry, as they will be able to consume whatever is left behind by poultry.

Before you start a pig farm, ensure you have good breeds that give good sizes when fully grown. Pig meat is always in demand as it is used in a wide variety of products.
Snail Farming
Snail farming is one of the profitable agricultural business you can start with very low start-up capital. It is one of the most neglected animal rearing business. Snail farming provides one of the finest opportunity to make money within a short period.

Snail farming requires you to be knowledgeable in snail and the technologies developed for rearing it. The business requires you to have a good knowledge of snails and the technology that would help you take care of snails. The best period to start up snail farming is the rainy season. Although there is always scarcity of snail in the dry season, farmers utilize the opportunity to make their money because high demand causes price increases.
Bee Farming
Bee farming has been described as one of the untapped gold mines in agricultural business. Bee farming is presently automated, does not require much space to start up. In bee farming, you are required to have your garden, beehive, the queen and your work is done. The product from bee farming is honey. Original honey is very nutritious and good for the body.
Maize Farming
Maize farming is one of the profitable business that is so simple to start. Maize is one of the popular food known as Corn. The corn from maize is used in the production of pap, Custard, Corn Oil, Alcohol, Cornflake, Animal/Livestock Feeds, Corn Flour, Corn Starch, Corn Powder.

The challenge faced by farmers in maize farming business is the attacks from pests, insects, rodents, animals, and birds around your farm. You can use the following to control attack on your crop (pest control, scarecrow, traps, insecticide, and introduces natural predators), and reduce the damage to less than 9%.

Conclusion
Many entrepreneurs are recently taking on different areas in agriculture, also transforming these areas into a very profitable business using various technological advancements that have been introduced.