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Agriculture industry specifically in India is at the crossroad of a new revolution. The entire food chain is supposed to be modernized and the production is expected to be doubled in the coming 10 years. Apart from domestic demand, this industry brings in huge export prospects. At present agri-business may involve either an input or a produce or service and encompasses items such as:
- Productive resources (feed, seed, fertilizer, equipment, energy, pesticides, machinery, etc.)
- Agricultural commodities – (raw and processed commodities of food and fiber)
- Facilitative services (credit, insurance, marketing, storage, processing, transportation, packing, distribution, consultancy, soil testing etc.).
Making money from an agricultural business requires knowledge of farming practices as well as some experience in developing a business. Before you decide on an idea, create a business plan that includes research on market demand for the products you grow and how to get them to market. You’ll also need a proper financing plan as most agricultural businesses require access to a large area of land and farm equipment to get started. Often I come across wanna be entrepreneurs looking desperately for agriculture based business ideas. We have compiled 50 most profitable agriculture business ideas which we believe will help those entrepreneurs in deciding their preferred business to start with.
- 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.
- Dried Flower Business
Dried Flower Business in specialty flower is a very profitable venture now worldwide. Flower production is one of the fastest growing crop trends in agriculture today with a strong demand for all types of flowers, especially unique and hard-to-grow varieties. The interest in cut dry flowers has increased consistently over the last ten years.
- Fertilizer Distribution Business
Fertilizer distribution business in India is highly controlled by Government regulation. It is one of the profitable agriculture business ideas one can start with moderate capital investment.
- Organic Farm Green House
An organic farm greenhouse business has a high potential to grow and succeed because steadily the demand for organically grown farm products has grown considerably. Organic farm greenhouse business was normally done on small, family-run farms. But since the demand for organically grown food products is now increasing, people are investing in land for organic farming.
- Poultry Farming
Poultry farming in India has transformed into a techno-commercial industry from the status of backyard farming since three decades. Poultry farming is the fastest growing sector in agriculture and farming business. The annual growth rate is 8-10% in egg and 12-15% in the broiler industry.
- Mushroom Farming
A mushroom farming business can be a mean of big profit in just a few weeks with considerably low start up capital investment to start a business. A person who has a little bit of idea in the science & technology of mushroom growing and has an own building for having the farm – mushroom farming business will be the perfect option for him to start.
- Hydroponic Retail Store
A person having passion in plantation technology can start the hydroponic retail store business to turn his hobby into a profit-making venture. Hydroponics is a new plantation technology that has been increasing in demands over the past decades as a soil free way of plantation both for commercial and home use.
- Snail Farming
Snail farming business opportunity demands discipline and specific knowledge in modern technology. Snail farming is the process of raising land snails specifically for human consumption. It has a high rate of protein, iron, low fat and almost all the amino acids that are needed for human body.
- Sunflower Farming
In starting sunflower farming business, the primary requirement is the land. In India, sunflower is often called a commercial cash crop. Growing sunflower for oilseed with maintaining right process is a viable business opportunity. An entrepreneur passionate about agriculture and having owned land can start sunflower farming business.
- Guar Gum Manufacturing
Guar gum, locally called guaran, is a galactomannan. It is basically the ground endosperm of guar beans. The guar seeds are dehusked, milled and screened to obtain the guar gum.It is typically produced as a free-flowing, off-white powder.It is a natural food thickener, similar to locust bean gum,cornstarch or tapioca flour.
- Bee Keeping
Beekeeping business opportunity demands day-to-day monitoring with close supervision to the bees. With the increasing awareness about the health, demand for honey is growing globally. Beekeeping for selling honey and other products like wax is a profitable venture to start with less startup investment.
- Fish Farming
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.
- 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 only having a phone and computer with internet connection.
- Micronutrient Manufacturing – Folier and Soil Application
Micronutrient has an immense potential in agriculture business. Having a strong distribution strategy, one can start this manufacturing business with substantial capital investment.
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 door-step delivery.
- 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.
- Frozen Chicken Production
Frozen chicken is a hot product now. The demand for this product is increasing globally. An entrepreneur living in a metro or suburban city can start this business with proper planning.
- Botanical Pesticide Production
The botanical pesticide is one of the most profitable agriculture business ideas. It is an essential and mandatory product for organic farming. the demand for this product is increasing highly.
- Basket and Broom Production
Basket and broom are very common products in rural agriculture scenario. An entrepreneur can start this business by sourcing these products from rural makers and after giving an ornamentation, it can be sold as utility or decor item through retail and online both.
To start profitable basket-weaving business one requires thoughtful planning and a high level of creative mind having a flair for design. Using a wide range of raw material an entrepreneur can initiate customized basket-weaving business from a home location with moderate capital investment.
Broom production technical process is simple and the project can be initiated with proper planning and moderate capital investment. Broom have been used from centuries to sweep up dirt and dust, in and around homes and workplaces.
- Flour Milling
Flour milling business has many diversified fields. An entrepreneur can start this business with a proper business plan. Establishing your own brand product is highly profitable in this business.
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