90 Profitable Agricultural business for Entrepreneurs/Investors/Business Plans
90 Profitable Agricultural business for Entrepreneurs/Investors/Business Plans is free a article. There are several list of Profitable Agricultural business for Entrepreneurs/Investors/Business Plans for you for free. This guide on All Profitable Agricultural business for Entrepreneurs/Investors/Business Plans is a list for you to make a choice. These businesses are free for you to make money. Agricultural business is a money spinner. There are several opportunities you can explore when you invest in Agriculture. Most people just keep their money in the bank for bankers to do business with. Why others invest their money in Agricultural businesses for more profit.
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Agricultural business for Entrepreneurs / Investors / Business Plans
Over the years, people find it difficult to know what to do with their money. Similarly, others wants to invest, but they don’t know what kind of business to do. There are lots of Agribusiness you can do now with a small capital. This is why we did it fit to list several profitable Agricultural business/ventures you can do for profit. We can also write business plans and feasibility study for loan/Grant on All Profitable Agricultural business for Entrepreneurs/Investors. Just contact us for one.
List of All Profitable Agricultural business for Entrepreneurs/Investors/Business Plans
1. Fresh vegetables business
The fresh vegetables business is a small-scale business that you can start with little or no capital base. One benefit of this business is that it requires no cost of maintenance to run the business. Also, there is always demand for fresh leafy vegetables like; the Waterleaf, Scent Leaf, Ugu leaf and Green.
To run this business, you need a small space in your compound or nearby farm where you can cultivate the vegetables. For cultivation, you only need to plant the stem of the vegetable. It takes six weeks or less for the vegetables to mature for harvest. You cut the leaves and sell to consumers and marketers.
2. Cucumber Farming Business
Cucumbers are the 14th most planted vegetable in the world. They are juicy, nutritious and favored by many people for their many health benefits. Cucumber farming is a very lucrative business as entrepreneurs who are already in the business will testify. The right time to start is now! Here is a detailed post on how to start cucumber farming business in Nigeria.
3. Flower Business
Flower is used for decoration. You can start a flower business in a nursery, and then you sell to house owners and hotel owners. You may charge an extra cost to the buyer to help transplant the flower from the nursery to a permanent soil.
4. Mushroom Business
The high demand for mushrooms both within and outside Nigeria has made the mushroom business a viable one. The good thing is that mushrooms take just few weeks to mature, so you can get returns from this business in a matter of weeks.
5. Cassava Farming
With increasingly diverse use of cassava products in Nigeria, cassava farming is getting more lucrative with every passing day. This farm product has always been a source of livelihood and food for millions of Nigerians. 90% of Nigerian households consume cassava products every day. Some of the meals are: garri, wheat-flour, animal feed, commercial caramel, and a lot more.
6. Cassava Processing Business
Garri which is also known as cassava flakes (eba) is one of the widely eaten staple foods in Nigeria. The industrial processing of cassava in Nigeria holds much potential for investors. Cassava can be processed into different products like garri flour, fufu, tapioca, ethanol, chips, starch, glucose syrup, etc. All these products are in high demand locally and have significant export potentials. However, restricting your plant to processing only garri flour for sale can still achieve for you the status of a large, national and/or international business.
7. Rice Farming Business
Rice farming is a very practical business in Nigeria. With over 180 million Nigerians that consume rice at least once every week, you have a market hungry and willing to pay for your product. There are government grants put in place to encourage rice farmers.
8. Yam Flour Production
Most people prefer to prepare their pounded yam meal from yam flour instead of pounding cooked yams. The era where African men required their wives to pound yam every night for dinner is fast fading away. This opens up another door for entrepreneurs to venture into the yam flour business. The scale for investment varies depending on available capital. A yam flour business is very simple to start. At the smallest level, you need a capital of about N20,000 to buy raw yams in large measure. Slice the yams into tiny slices and leave under the sun to dry. After that, you take it to a grinding engine where it will be ground into flour. The next step is to package and sale for N200 per small pack.
9. Bean Flour Production
Most people prefer to use beans flour for moi-moi and akara. To produce bean flour, you need to buy beans. You can start with 5 buckets of potisco beans at the cost of N1,200 per bucket. Wash out the outer back, dry and grind. In order to build a brand for your business, you may need to place a label inside your packaged bean flour. Here is a detailed guide on how to start your own bean flour production company.
10. Corn Farming
There is always a high demand for corn all year round. You can start a large scale corn farm. It takes about 3 to 4 month for corn to mature for harvest. You can opt for supply corn to companies that use it as raw materials.
11. Fodder Growing Business
Most livestock farmers especially those that rear pigs, sheep, and goats have a need for the daily supply of fodders. Fodders are mostly grasses like clover, alfalfa, grass and wheat. You can grow these plants in commercial measure and sell to livestock farmers for a small fee.
12. Foodstuff Distribution Business
You can buy Foodstuffs in bulk quantities from the one part of the country and resell in other parts where such commodity is required. For example, you can buy palm oil from Nsukka and resell in Abuja or you can buy yam from Benue and resell in Sokoto. It requires knowing what is available where and taking the goods to that place at the right time. A lot of people make their money this way. You can too.
13. Charcoal Supply Business
Most industries use charcoals in large quantities. You can buy charcoal in large quantities from villages and supply to bakeries and other industries that make use of it. A bag of charcoal can be purchased for N1,400 and resold for N2,000 or more. Not just for local supplies, you can also export the charcoal outside the country for a higher price.
14. Plantain and Potato Chips Business
You can purchase raw plantains and potatoes in large quantities, fry and package it, and supply in bulk quantities to stores and supermarkets. The success of this business depends, to a large extent on your packaging. A lot of people are starting to realize how profitable this business is. It’s nowhere near saturation yet. And you can also start a plantain plantation which is very good business too.
15. Poultry Farming – Broilers
This is for meat production. The good thing about broilers is that they take very little time to mature.The best time to start this business is February against Easter sales and October for December sales. The cost of a day old chick varies all the time. No fix price, while a week old chick are a little bit costly than a day old chick. It is advisable to go for a week old chicks because they have a higher survival rate than the day olds.
The bulk of your expenditure should go on feeds for the chicks for the duration of 3 months. At maturity, a chicken can be sold for between N3, 000 and N5000. If only 35 of your chicks stayed till maturity, you can make about N105, 000 minimum after sales. These prices are relative, of course, and are subject to time and place. But it gives you a general idea about how lucrative this business could be. You don’t need any specialized skills to start, just your determination to succeed and willingness to learn.
16. Poultry farming – Layers breeding
Here you are breeding your layer chickens with the major aim of having them lay eggs. It takes more time and costs a bit more money for this business to mature but here is the good thing: it gives you two major sources of revenue. You sell the eggs, which is very lucrative anytime, and when the layers become weak, you sell them as well.
17. Poultry feed production
You could start feed production and supply feeds to all the poultry farms around you. Feeds is a major money spinner in poultry business because for chicken to grow they need to eat, a lot. It requires that you know a lot about poultry farming and what constitutes the feeds. Again, learning from people who are already in the business saves you many mistakes downtime. Here is our article on how to start your own poultry feed production business.
18. Poultry Farming – Hatcheries
There are people who specialize in hatching day old chicks for poultry farmers. Because of the demand on poultry farmers to grow more chicken, hatcheries are usually booked round the clock. This is an opportunity for more people to enter this line of business because in poultry farming, it’s rare for one farm to be involved in all processes. Specialization is key.
19. 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.
20. 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.
21. Quail Farming Business
Ever since Nigerians got to know the health benefits of eating quail eggs, the demand for quail meat and eggs has skyrocketed. You can start a quail farm business with as little as N20,000. You can earn passive income from selling the quail birds and supplying quail eggs to foodstuff sellers.
22. Catfish Farming
Catfish is a unique type of fish rich in polyunsaturated fatty acids which helps in managing the human cholesterol levels. The numerous health benefit of this species of fish makes its demand higher among health-conscious eaters especially people above the age of forty. Restaurants, fast food joints, hotels, food courts (shopping malls like Shoprite), local pepper soup joints, market women, secondary and tertiary institution of learning and offices are possible markets for any entrepreneur venturing into catfish farming in Nigeria.
The profitability of catfish farming depends on how much you are willing to invest as an entrepreneur. Apart from catfish farming, you can also specialize on feeds for the fish. This is another lucrative aspect in the fish business. There are lots of articles on the Internet about how to start catfish farming in Nigeria. As I explained earlier, the best training you can get is by visiting a successful catfish farm and seeing things firsthand.
23. Fish Hatching Business
This is for people who are highly experienced in fish farming. A lot of people who wish to start the fish farming business prefer to hire the services of a fish hatching consultant instead of purchasing fingerlings which is more expensive. You can start a fish hatching business to help fish farmers start up and expand their business. The amount you charge for your services will depend on your site and number of fingerlings you are required to hatch.
24. Dry Fish business
Dry fish business is a very lucrative business whereby people buys dry fishes in large quantity from fish farmers and then dry and sale to whole sellers and retailers. Others are wholes sellers who sells to retailers. Furthermore, others specialized as retailers and sell to final customers like homes, eateries, companies and other channels.
25. Snail Farming
This is another business that is often neglected by entrepreneurs. You can source for small snails either from villages or from snail farmers; rear the snails for a given time and sell for profits.
26. Pig Farming Business
If you have enough capital at your disposal, you can venture into a pig farming business. You can start with as little as 10 pigs and grow your farm into a big farm because pigs are known to multiply rapidly. It takes about 4-6 months for a pig to become matured, and can be sold for as high as N30,000.
27. Starting a Blog on Agro Niche
Young people are embracing agriculture as an entrepreneurship venture. Most of them need reliable and accurate information to get started. You can start a blog on a niche in agriculture to bridge this information gap. For instance, you can start a fish farming blog to educate fish farmers and intending fish farmers on new ways to run their fish farming business. You can monetize your blog through adverts, selling of Information Products and Online Consulting.
28. Agro-Based E-commerce Site
Also, you can start an E-commerce site where farmers can display their products for sale. Many farmers complain that agents rip them off their hard-earned profits. So an agro-based E-commerce site will bridge that gap and remove the middle man. It will connect farmers directly with buyers.
29. Agro-Export Agent
Agro-produce exporters need agents who procure agriculture commodities from farmers. These agents know where the farmers and the process for exportation. Read this comprehensive step-by-step article on agro export to know how this benefits you.
30. Shea Butter Extraction and Refinery
There are many agro commodities to invest your capital but one stand out product will always be Shea butter. A large market exists for Shea butter world-wide, particularly as it is organically produced. Shea butter is in high demand and is a wonderful product. It has high prospect and sells well in the international market. Opportunities exist in its production value chain producing on a small, medium and on a larger scale to meet the growing demand. There is a growing interest in butter from Nigeria for use as ingredients in the cosmetics, pharmaceutical and confectionery industries, yet the commodity is in limited supply as much of it is processed by local women through crude and labor intensive means.
Investment in the processing of the butter in large volume will not only be profitable, but will also create a feel factor for government support as it is also an avenue for employment for its teeming youths. The strong interest in the product by cosmetic companies is due to growing demand for a more natural product that is perfect for skin
31. Farming Equipment Leasing Business
If you have large capital at your disposal, you can buy mechanized farming equipment and lease to farmers for a daily fee. Some of the farm equipment that are on high demand are tractor and harvesting machines.
32. Spice Cultivating Business
There is a high demand for spices like curry, thyme, scent leave, nutmeg. You can cultivate these spices, dry and package them for sell.
33. Soy Beans and Zobo Business
You can purchase soy beans and Zobo in bulk quantity from farmers and either sale directly in smaller quantities or process into soy milk or Zobo drink and supply to store owners and supermarkets.
34. Yam Business
Yam is another staple food that is in high demand in Nigeria. You can start a large scale yam farming business or you can purchase the yams at a cheaper price from places like Benue State and sell at a higher quantity to retail sellers.
35. Meat Processing Business
Nigeria is yet to have a company that focuses on process meats. Most of the meats sold in the country are kept in an unhygienic environment. You can build a meat process company where meats are processed and preserved in a hygienic environment safe for human consumption. You may not need to rear the animals processed from the scratch, you can buy these animals from livestock farmers in the country.
36. Tomato Processing Business
Most of the processed tomatoes (tin or sachet tomatoes) consumed in this country are imported from foreign countries. You can source for fresh tomatoes from Northern farmers and start your own tomato processing company.
37. Local Food Restaurant
Most of the fast foods and restaurants serve only intercontinental dishes. You can start a restaurant that serves only free local dishes like yam and oil, breadfruit, nkwobi and isi-ewu.
38. Grass cutter Farming
Nigerians love Grass cutter meats (nchi). You can start a grass cutter farming business where you rear grass cutters for supply to restaurants, joints and hotels.
39. Rabbit Raising
You can also raise rabbits for a variety of different purposes within small pens or similar enclosures.
40. Snail Farming
If you’re looking for a very small type of animal to raise, you might consider snails. It might sound strange, but you can raise snails for use in escargot. And snail slime can also be used by companies for a variety of different purposes.
41. Banana and Plantain Plantation
There is a high demand for ripe banana and ripe and unripe plantain both within and outside Nigeria. You can convert any unused land at your disposal into a banana or plantain farm.
42. Breadfruit Business
A cup of breadfruit is sold for N120 or more depending on the place, and there is an ever high demand for breadfruit despite its high cost. This shows you that the breadfruit business is a practical and profitable business. You can source for breadfruits from villages in high quantity. The unpeeled ones can be bought for as low as N60 per cup. All you need do is to process it (remove the back) and sell for N120 per cup.
43. Palm Oil Business
Palm oil is required to prepare almost all Nigerian delicacies, thus, there is a high demand for palm oil all year round. You can either start a small-scale oil processing business or purchase the oil in drums and resell for a higher price. Read this detailed info-guide on how to start a successful palm oil business in Nigeria.
44. Sugar Cane Business
Most industries that produce edible products prefer to make use of sugarcane instead of the white granulated sugar. You can start a sugarcane farm (especially in Northern Nigeria), and supply the matured sugarcane to industries for profit.
45. Consultation Services For Farmers
If you have a special training in an aspect of agriculture, you can provide consultation services for farmers in the field and charge them a small fee as payment for your services.
46. Bamboo Stick Business
If you look around, you will notice that most of the football viewing centres and drinking joints are built with bamboos, thus there is a sizable demand for bamboo sticks. The good thing about this business is that it takes just 2 months for a bamboo plant to mature, and a matured bamboo stick is sold for as much as N500. Thus, in less than 3 months; you can start reaping some returns on your investment.
46. Farm Machinery Maintenance Business
Most farmers that make use of heavy farm machinery always have need to service and keep up such machinery. You can start farm machinery maintenance and repair business.
47. 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.
48. Online Agric Agency Business
You can serve as an online agent for farmers. You place product adverts on sites like www.alibaba.com, once an order is placed, you source for a farmer that has the produce and supply for a certain percentage of the total sells.
49. Raw Agro Product Supply Business
Most industries in Nigeria make use of raw agro products during production. You can serve as a middle man to supply these industries with the necessary raw materials, for a fee.
50. Urban Agriculture
You don’t need a huge space to get into the agriculture business. If you have a city or suburban home, you can still plant some crops in small or vertical containers to get the most out of your space.
51. Farmer’s Market Vending
Whether you live in the city or country, you can take the food that you grow or produce and sell it at local farmers’ markets to earn an income.
52. Herb Growing
Herbs like basil, parsley and mint can make for great agriculture products. So you can grow it at your home or farm and sell it.
53. Nursery Fruit sale
Grow nursery Fruits like pawpaw, orange, mango, pear and others and sale to people who wishes to go into plantations or substance fruit farming.
54. Nursery Operation
You can also start your own nursery where you grow and sell different types of plants to consumers or businesses.
55. Dairy Farming
If you have the space and the ability to care for cows or other dairy animals, you could start your own dairy farms where you produce milk, cheese and similar products.
Beekeeping is an activity that can lead to a variety of different product-based business ventures.
57. Honey Production
For example, you can harvest honey from beehives and sell it to consumers or processors.
58. Beeswax Processing
You can also collect and process beeswax and sell it to companies or individuals that use it to make candles and similar products.
59. Soy Production
Soy is another popular substance that can be used in a variety of different products. So if you can harvest and process it, you can sell it to companies for various uses.
60. Food Delivery
If you grow or process food items, you can also build a business around delivering fresh food items to local consumers who want to buy local products.
61. Bulk Foodstuff Wholesaling
You could also harvest food that can be sold in bulk, like rice or corn product that you can sell wholesale to food production companies.
62. Weed Killer Production
Or you could start a B2B business that produces weed killer specifically for farmers or other agricultural businesses.
63. Fruit Canning
If you grow or process fruit, you can can it to sell to consumers or food companies.
64. Jam Production
Or you could process various fruits even further to make into canned jam or jelly products.
64. Juice Production
Juice is another popular fruit based product that you could potentially make and sell at farmers’ markets or other venues.
65. Meat Packing
You can also start a business that processes meat products to sell to consumers or grocery markets.
66. Florist Business
You could even start a florist business where you grow your own flowers to use in different products and arrangements.
67. Spice Production
There are also plenty of different plants you can grow that will allow you to create various spices that you can process and sell.
68. Nut Processing
Nut Processing Or you growing peanuts or similar products that you can package and sell.
69. Organic Gardening
You could also specialize in organic gardening practices so you can market your products to health and eco-conscious consumers.
70. Sustainable Farm Consulting
Or you could even offer your expertise to other farmers or agriculture businesses that want to utilize sustainable methods as a consultant.
71. 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.
72. Worm Farming
Compost can be a useful tool for food growers. So you can make compost to sell to farmers and gardeners by starting your own worm farm.
73. Goat Rentals
People who have a lot of land and don’t want to spend the time to mow it could potentially use the help of goats. So you could start your own business where you care for goats and then rent them out for that purpose.
74. Christmas Tree Farming
You could also grow pine trees on your property and then sell them to nearby customers around the holidays to use as Christmas trees.
76. Firewood Production
If you have other types of 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.
77. Tree Seed Supply
You could also harvest seeds from different trees and sell them to people who want to plant new ones.
78. Oil Production
There are also various types of plants that you can use to produce oil for cooking or other purposes. So you can process that oil process to sell.
79. Potted Plant Sales
As a matter of facts, you could grow different types of plants and then sell them in pots to gardeners or consumers looking for houseplants.
80. Butterfly Farming
Gardeners can often use butterflies to aid in their growing processes and aesthetics. So you could start your own butterfly colony and target gardening customers.
81. Wool Production
You could focus on raising animals like sheep and alpaca for wool production.
82. Pet Food Production
You could also use a variety of different crops and food products to create pet food that you can sell to consumers.
83. 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.
84. Farm Sitting
In like manner, you could build a business by providing farm sitting services where you take care of people’s farm or land while they travel.
85. Petting Zoo Operation
You could also raise certain animals and then welcome visitors to your farm as part of a petting zoo attraction.
86. Educational Farming
Or you could have a farm where you welcome student groups or those interested in learning more about farming.
87. Trail Ride Service
If you have a tractor or other vehicle that you can drive around to different parts of your farm or property, you can offer trail rides as another paid attraction.
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.
89. Fee Hunting
And if you have land that is large enough and has certain types of animals on it, you could even let people pay to visit for hunting purposes.
90. Agro-Produce Exportation
Agro-produce exportation is one of the most lucrative agriculture business ideas one can invest in currently. Nigeria is major exporter of some highly sought agriculture produce like cocoa, cashew, sesame seeds, bitter kola, etc. The commodities sell in Europe, Asia and America. While importers are crying because of the situation of FOREX, exporters are laughing their way to the bank. A lot of materials have been written on starting agro-export business in Nigeria.
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