The economic uncertainty of 2008 led to many people re-evaluating their lives. This has been further amplified by the current COVID-19 pandemic which is surging across the globe. The result is that many people are considering what to do in the future that provides for them and their families while improving their quality of life.
It’s surprising how many people are looking into agricultural businesses, although they are a logical choice as this is something the entire world depends on. However, to start an agricultural business you need to have access to high-quality agricultural finance and you need a business idea that will work.
Choosing one of the following 5 small agricultural business ideas will ensure your borrowing is kept to a minimum. That improves your chances of success.
1. Fruit Trees
Fruit tree farming is a great way to get into agriculture. However, you’re going to need to choose between purchasing an established site or having enough money to plant almost mature trees.
You can’t plant young trees and expect to generate enough fruit to fund a business.
You’ll have to take a look at what and you have available or what and is near you that can be purchased. You’ll then have to allow for the cost of purchasing and planting enough trees.
Of course, you will also need to decide which fruit or fruits you hope to grow. Once they are planted your main role will be maintenance. That means pruning, watering, fertilizing, and collecting the fruit.
The alternative is to start a tree farm where the trees are cut at maturity for wood and you grow a fresh batch of trees. Maintenance is minimal but there will be a significant time lapse before you get your first batch of trees to cut and sell
2. Poultry
This is one of the simplest approaches to agriculture and one that can be started small. All you need is some and for the chicken and a safe spot for them to stay overnight. If they don’t have a chicken house the foxes are likely to eat them.
You can then gravest the eggs and sell them at the market or harvest the chickens and use the eggs to get more chickens.
Either is acceptable and possible with a relatively small piece of land. You can always increase the numbers later.
3. Mushroom Farming
Mushroom farming is a great way to quickly get a return on your investment It also needs surprisingly little space. Mushrooms are always popular, especially locally grown ones; All you have to do is plant the spores somewhere dark and warm then nurse them until they are big enough to eat.
Harvest them and start again!
4. Organic Fertilizer
If you don’t mind getting your hands dirty then you can buy fertilizer in bulk from big cities and distribute it to the small farms and other agricultural concerns in your area.
This is great if you live in a small town. You’ll probably need to invest in a delivery truck and you’ll need space to store the fertilizer.
But, it can turn an instant profit and quickly become a rewarding business.
5. Crops
Traditional farming involves growing corn, wheat, barley, and other crops that are needed on a daily basis. You’ll need more space for this type of endeavor and you’re going to have to invest in tractors to plow and harvest.
But, if you have space and the financial backing you’ll find a competitive market waiting to reward you.