PROFITABLE AGRIBUSINESS YOU CAN START TODAY
Here are 20 agribusiness you can start right away and grab your share of the millions changing hands daily in this sector of the economy; most of these businesses can be started right in the compound you currently reside with very little capital:
- Fish farming
In a not too distant past fish where mostly provided by fisherman and importers but it is no longer use that people now rear fishes locally for sale.
Over the years, quite a few people have made fortunes from fish farming, as the population is swelling and protein needs are far outstripping the available supply. Before now, people find it easier to rear only catfish, but in recent time fish farmers can comfortably rear tilapias, trout and salmons fish etc. All you need to get started is a space, tanks or ponds, fingerlings and fish feeds and you are in business.
- Palm Kernel Oil Business
Palm kernel oil is commonly used domestically in Nigeria as well as a raw material for the manufacturing of several consumer products and industrial processes thereby making it in very high demand; as a matter of fact the existing people in the business cannot meet up with the demand both locally and internationally hence the gold mine in investing in this business. Palm kernel fruit is mostly found in Nigeria in main producing states like Edo, Delta, Rivers, Imo, Akwa Ibom, Ekiti, Abia, Enugu, Anambra, Cross River, Oyo, Ondo and Ogun.
Palm Kernel Oil business industry is estimated at N57,000,000,000(Yes, you read right it is 57 billion naira) annual turnover. While the entry cost to large scale production is quite high that would not be an excuse for not starting the business as there different aspects of the business you can also enter with very little or NO startup capital.
Luckily we have a comprehensive business guide that can help you succeed in this business available at a discount( Use discount code ****** to enjoy a 20% discount)
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- Live Stock Feed production
As a lot of people are going into livestock farming like fish farming, pig farming, poultry farming and a whole lot of others. There is a good business oppourtunity producing feed for people to feed their animals. However, you must ensure that you carry out a lot of research and come up with a product that is rich in nutrients and would promote quick growth and good health of the animals.To start a livestock feed production business, you will need a grinding machine, mixing machine, weighing machine, customized packing bags and raw materials for production.
The raw materials required are mainly, maize, soya beans, fish bone, sorghum, groundnut, blood meal, wheat, rice shaft, additives etc. All these can be sourced from the market, any animal consult outlet, or any agricultural product shop around.
- Poultry Farming
Poultry are farmed in great numbers with chickens being the most numerous and the king of the poultry business in Nigeria. More than 50 billion chickens are raised annually as a source of food, for both their meat and their eggs. Chickens raised for eggs are usually called layers while chickens raised for meat are often called broilers.
Although, poultry farming is commonly practiced in Nigeria, there is still an insufficiency in the supply of birds as we have not been able to meet the high consumption demand of birds which are needed to close up on the prevalent protein deficiency gap in Nigeria. A great percentage the birds we consume daily are still being imported from other countries even with the ban on poultry importation. As the borders further close up to the importers of this products the there would be a spike I demand which already is not even met with local production.
There is need to adopt a realistic approach towards poultry farming by supporting farmers or individuals who are interested in the business by providing the technological know-how on feed production and providing insurance coverage to meet the ever increasing demand.
This is a business you can start from one room, car park or from that abandoned property near you with 50 to 500 birds, which cost between N100,000 to N500,000 depending on the cash at hand.
Whether you want to go into rearing of layers for egg production or boilers for meat, you can get a comprehensive poultry business setup guide from the link below:
- 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.
- Cassava processing
Cassava is a crop that is widely consumed in Nigeria. It can be processed into flours and also into chips. If you are looking towards starting an agricultural crop cultivation business; one of your options is to go into cassava plantation. Cultivating cassava is less stressful especially if cultivated in a land to supports its growth.
Furthermore, these days, cassava is even being used as flour to produce breads, and other flour based meals. So, you see that the list is indeed endless.
- Cocoa farming
Cocoa is used in the production of beverages and chocolate. As a matter of fact, in some countries, cocoa is the major cash crop that they export; it is a major source of revenue generation. There is a global market for cocoa; a farmer in Africa can become a major supplier of cocoa seeds to a beverage company or chocolate factory in Europe. So if you are looking towards starting an agriculture crop cultivation business, you should consider going into the cultivation of cocoa; it is indeed a profitable venture to go into. Just like most cash crop, a cocoa plantation can outlive a generation.
- Snail farming
Snail farming is a very low cost agricultural business and with people these days embracing alternatives to red meat the demand for alternatives like snail meat.
The best period to commence snail farming is the rainy season, you can start about 50 to 60 snails to have a good knowledge of how snail breeding works. Make sure you go for a fully matured and big snails as they are sold in bunches of 20 pieces and the prices ranges from N1,800 and N3,000 per bunch. It is better to buy the big ones so that you can expect them to hatch after about 35 days on location. About N20,000 can get you started in the business.
- Plantain Plantation
Plantain crops that can easily be cultivated and they are consumed in all the parts of the country. Owning a plantain plantation is a lifetime investment as the plantains grow naturally with little or no input from a farmer (the owner of the plantation).
There is a large market for plantains in Nigeria as you can also supply to markets, hotels, manufacturers of plantain chip or even produce them yourself.. Please note that plantains do not grow in some country but banana can be cultivated in all the countries of the world.
- Cattle Rearing
It widely believed that in Nigeria that the cattle rearing business is exclusive to the nomadic Fulani’s but that is not true as you can also raise cows in a contained area as it is done in other parts of the world. I was amazed the day I heard the amount of cow that a slaughtered a day at the local slaughter market.
Cattle rearing is big business; meats, skins, milks and manure et al are gotten from cattle ranches. If you have the financial capacity and you are looking towards going into livestock breeding business, one of your major options is to open a cattle ranch. There is a global market for cattle and it is indeed a profitable business to go into. Please note that it takes a lot of hard work and dedication to successfully manage a cattle ranch.
- Pineapple Plantation
Pineapple juice, pineapple chips are products from pineapples. One good thing about starting this trade is the point that these products can be exported from one country to another, because there is a global market for pineapple products.
So, if you are looking towards starting an agricultural crop cultivation business, then one of your options is to go into pineapples cultivation. Please note that just like most agricultural produce; pineapples are highly perishable hence you should make sure you make arrangement for selling them before it ripens. When it comes to selling pineapples sourcing for juice production company is your best bet.
- Exporting Agricultural Products
Agricultural Export trading guarantees good returns on Capital on almost monthly basis. Exporting Wood charcoal, Palm kernel shell, Cow horns, Gallstones, Bitter Kola, Cashew, Ginger, bitter kola, coconut, okro, yam, cashew nuts etc and earn good returns on investment. It might interest you to know that the gap between you and the millions of naira or dollar waiting for you in this business is nothing but the “basic understanding of an export business process.”
Understanding the fundamentals of an export business process especially as it concerns securing a genuine export order or contract with a well secured method of payment is the basic requirement in this business, and then you are on your way to making unimaginable loads of money.
You can also become an export broker which is one of the easiest and most rewarding ways any prospecting exporter can raise money to go into full time export business. Starting from a little or no capital, an export broker could earn large “finder’s fee” with absolutely unlimited income.
- Cashew Plantation
Cashew is a cash crop that is consumed all over the world. One good thing about cashew is that aside from the fruits that can be eaten fresh or processed into juice, the nuts are also edible; they are eaten as snacks. So, if you are looking to launch out into farming, then one of your options is to go into the cultivation of cashew. Just like most fruit trees, once your cashew trees are matured, you will continue to harvest from them for as long as possible.
- Fruit Juice or Jam Production
As an entrepreneur, you can start making your own fruit juice or jam and supply them to supermarkets and food stores around you. There is huge demand for natural fruit juice now as more people are now learning how to eat healthy and avoid artificial and overly preserved foods and drinks. You can buy fruits in large quantity from local farmers and make your own natural healthy fruit juice at home.
- Sourcing for agricultural raw materials for Manufacturing Companies
Most of the manufacturing companies that consume agricultural product neither produce nor source there agro raw material themselves, instead they engage the services of suppliers who go about to source for this produce thereby making a profits from the margin with which the products where acquired and sold to the manufacturers. Approach the personnel in charge to provide you with appropriate information on how to be their supplier.
- Rice Cultivation
Rice is staple food in Nigeria consumed by many households daily which makes it a good crop to cultivate. If you are looking towards starting an agricultural crop cultivation business and you live in an area (preferably swampy and water logged areas) where the soil composition and the climatic conditions support the growth of rice, then one of your best options is to go into rice farming.
The truth is that, you don’t have to go all the way from cultivation to processing to bagging and to retailing before you make huge profits from rice farming. There are readily available buyers of raw rice; those who have factory for processing, bagging and wholesale distribution of rice. This is a very stable type of business to go into. This is especially because of the huge reward of labor it guarantees and the profitability it brings especially with the ban on importation of rice.
- Beans Farming
Just like rice and most grains, beans is another stable food that is consumed in all the parts of the country. This goes to show that there is a large market for beans. Beans if well preserved can last long and they can be comfortably bagged and transported from one region to another. If you looking towards going into farming and you live a region or country that has soil composition and climatic condition that supports the cultivation of beans, then you should consider going into beans farming. There are different types of beans that you can cultivate, just ensure that you conduct your research and market survey before making your choice on the type of beans that is highly marketable in your country.
- Grass Cutter Farming
Nigerians love Grass cutter meat. You can start a grass cutter farming business where you rear grass cutters for supply to restaurants, joints and hotels.
It breeds successfully in captivity and is capable of reproducing twice a year with litter size varying from two to six. They are primarily vegetarian and can be raised to maturity entirely on fresh grasses. They prefer plants with high moisture content and soluble carbohydrate. Field studies reveal that they do not burrow so they may be caged or reared in a fenced pen on the ground.
- Rabbit Farming
Rabbit farming is yet another highly thriving and profitable livestock breeding business that an entrepreneur who is interested in the agriculture business should consider starting. There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a good source of additional income, food and employment; thus reducing poverty, hunger and idleness.
Rabbit do not compete with humans for food, as kitchen leftovers, cut grasses and formulated or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.
- Tomatoes and Pepper Cultivation
Tomatoes and pepper are another key agricultural produce that plays prominent roles in the preparation or stew (sauce, soups e.t.c). What is more, one good thing about tomatoes and pepper is that it is easy to cultivate. As a matter of fact there is a large market for tomatoes and pepper.
Consequently, if you are looking at considering an agricultural crop cultivation business, then one of your options is to go into the cultivation of tomatoes and pepper. It is important to state that, tomatoes and pepper are perishable crops hence proper arrangement must be put in place to ensure that the crops are sold as soon as possible after harvest.
In starting this business, you will need to first of all do some feasibility studies, about the lands that are available for you to farm on, as well as all what would be need to kick start your tomatoes and pepper farming business.
- Abundant Opportunities: So many agribusinesses to choose from; crop farming, live stock farming, processing or other areas of the value chain.
- Easy Start-Up Requirement: You can start up agribusiness like poultry farming, fish farming, snail farming, Rabbit farming e.t.c right outside your house with little capital.
- Export Opportunities: You can make cool cash exporting agricultural products in high demand abroad.
- Food processing: Agricultural produce can be processed into one or more byproducts thereby increasing profit and better preserving perishable produce.
- NO University Certificate required: You don’t need to go to school for 4 years to succeed in this business.