Top 50 Agriculture Business Ideas for Aspiring Entrepreneurs
With the downturn of our a lot relied-on oil and gas sector, Agriculture has taken a place of prominence in Nigeria’s economic system making up a significant percentage of our whole GDP within the first quarter of 2018 (National Bureau of Statistics).
The demand for agricultural merchandise each in Nigeria and the world at massive will all the time be on the excessive facet as a result of meals is likely one of the fundamental wants of man. Thus, as an entrepreneur, you possibly can key into this demand and arrange an agro enterprise, creating monumental wealth for your self.
There are lots of causes each younger aspiring entrepreneur ought to look into agriculture. There are countless alternatives in agriculture and extra individuals are beginning to understand that, particularly younger folks.
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This article is a spotlight of agriculture business ideas in Nigeria and Africa at massive. As a lot as doable, I'll give hyperlinks to different detailed articles on a few of these concepts.
That mentioned, one of the simplest ways to get began in agriculture is to search out and be taught from people who find themselves already concerned in it.
The primary hand, hands-on data far outweighs something you'll learn from any guide. The costs quoted on this article are relative; they fluctuate with time and place however ought to provide you with a common concept of what to anticipate.
Top 50 agriculture business ideas for aspiring entrepreneurs
1. Poultry Farming – Broilers
That is for meat manufacturing. The advantage of broilers is that they take little or no time to mature.
The very best time to start out this enterprise is February towards Easter gross sales and October for December gross sales. The price of a day old chick is around N120 - N150, whereas every week old chick goes for N250. It's advisable to go for every week old chicks as a result of they've the next survival fee than the day olds.
The majority of your expenditure ought to go on feeds for the chicks at some point of Three months. At maturity, a hen will be bought for between N2,000 and N2,500. If solely 40 out of your 50 chicks stayed until maturity, you can also make over N70,000 after gross sales.
These costs are relative, after all, and are topic to time and place. But it surely offers you a common concept about how profitable this enterprise might be. You don’t want any specialised expertise to start out, simply your willpower to succeed and willingness to be taught.
2. Poultry farming – Layers breeding
Right here you might be breeding your layer chickens with the foremost goal of getting them lay eggs. It takes extra time and prices a bit more cash for this enterprise to mature however right here is the nice factor: it offers you two main sources of income. You promote the eggs, which could be very profitable anytime, and when the layers develop into weak, you promote them as effectively.
3. Poultry feed production
You possibly can begin feed manufacturing and provide feeds to all of the poultry farms round you. Feeds is a serious cash spinner in poultry enterprise as a result of for hen to develop they should eat, lots.
It requires that you recognize lots about poultry farming and what constitutes the feeds. Once more, studying from people who find themselves already within the enterprise saves you a lot errors downtime. Right here is our article on how to start your own poultry feed production business.
4. Poultry Farming – Hatcheries
There are individuals who specialise in hatching day outdated chicks for poultry farmers. Due to the demand on poultry farmers to develop extra hen, hatcheries are normally booked around the clock.
This is a chance for extra folks to enter this line of enterprise as a result of in poultry farming, it’s uncommon for one farm to be concerned in all processes. Specialization is vital.
5. Poultry tools manufacturing
These are normally expert artisans who assemble numerous tools wanted on the poultry farm – welders, carpenters, electricians and so forth. You may be taught the varied specs wanted for the poultry tools and you might be in enterprise.
6. Rooster and egg distribution enterprise
This mainly entails bridging the hole between poultry farmers and the patron market. It is extremely profitable and requires comparatively little cash to start-up.
You may focus solely on hen, eggs or each. You meet poultry farmers, purchase their inventory and resell them out there to wholesalers and retailers. It doesn't want any particular expertise, solely your advertising talents and a working car.
7. Contemporary greens enterprise
The recent greens enterprise is a small-scale enterprise that you could begin with little or no capital base. One advantage of this enterprise is that it requires no price of upkeep to run the enterprise. Additionally, there may be all the time demand for recent leafy greens like; the Waterleaf, Scent Leaf, Ugu leaf and Inexperienced.
To run this enterprise, you want a small house in your compound or close by farm the place you possibly can domesticate the greens. For cultivation, you solely must plant the stem of the vegetable. It takes six weeks or much less for the greens to mature for harvest. You chop the leaves and promote to shoppers and entrepreneurs.
8. Cucumber Farming Business
Cucumbers are the 14th most planted vegetable on the planet. They're juicy, nutritious and favored by many individuals for his or her many well being advantages.
Cucumber farming is a really profitable enterprise as entrepreneurs who're already within the enterprise will testify. The proper time to start out is now! Here's a detailed post on how to start cucumber farming business in Nigeria.
9. Catfish Farming
Catfish is a singular kind of fish wealthy in polyunsaturated fatty acids which helps in managing the human levels of cholesterol.
The quite a few well being advantage of this species of fish makes its demand larger amongst health-conscious eaters particularly folks above the age of forty. Eating places, quick meals joints, motels, meals courts (procuring malls like Shoprite), native pepper soup joints, market ladies, secondary and tertiary establishment of studying and workplaces are doable markets for any entrepreneur venturing into catfish farming in Nigeria.
The profitability of catfish farming relies on how a lot you might be keen to speculate as an entrepreneur.
Aside from catfish farming, you can even specialize on feeds for the fish. That is one other profitable side within the fish enterprise. There are many articles on the web about how one can begin catfish farming in Nigeria.
As I defined earlier, the perfect coaching you may get is by visiting a profitable catfish farm and seeing issues firsthand.
10. Fish Hatching Enterprise
That is for people who find themselves extremely skilled in fish farming. Lots of people who want to begin the fish farming enterprise want to rent the providers of a fish hatching marketing consultant as a substitute of buying fingerlings which is costlier.
You can begin a fish hatching enterprise to assist fish farmers begin up and broaden their enterprise. The quantity you cost on your providers will rely in your website and variety of fingerlings you might be required to hatch.
11. Snail Farming
That is one other enterprise that's usually uncared for by entrepreneurs. You may supply for small snails both from villages or from snail farmers; rear the snails for a given time and promote for earnings.
Learn this comprehensive article on how to start a profitable snail farming business in Nigeria. This article additionally offers an in depth breakdown of the method.
12. Cassava Farming
With more and more numerous use of cassava merchandise in Nigeria, cassava farming is getting extra profitable with each passing day.
This farm product has all the time been a supply of livelihood and meals for thousands and thousands of Nigerians. 90% of Nigerian households eat cassava merchandise each day.
A few of the meals are: garri, wheat-flour, animal feed, industrial caramel, and much more. Here's a complete information on how to start your own cassava farming and processing business in Nigeria.
13. Cassava Processing Business
Garri which is often known as cassava flakes (eba) is likely one of the broadly eaten staple meals in Nigeria. The commercial processing of cassava in Nigeria holds a lot potential for buyers. Cassava will be processed into completely different merchandise like garri flour, fufu, tapioca, ethanol, chips, starch, glucose syrup, and so forth.
All these merchandise are in excessive demand regionally and have important export potentials. Nonetheless, proscribing your plant to processing solely garri flour on the market can nonetheless obtain for you the standing of a giant, nationwide and/or worldwide enterprise. This is an article on how to successfully start cassava processing business in Nigeria.
14. Flower Enterprise
Flower is used for adornment. You can begin a flower enterprise in a nursery, and then you definitely promote to accommodate house owners and lodge house owners. Chances are you'll cost an additional price to the customer to assist transplant the flower from the nursery to a everlasting soil.
15. Rice Farming
Rice farming is a really sensible enterprise in Nigeria. With over 180 million Nigerians that eat rice not less than as soon as each week, you may have a market hungry and keen to pay on your product. There are authorities grants put in place to encourage rice farmers. Right here is an article on how to get government grants for rice farming in Nigeria.
16. Agro-Produce Exportation
Agro-produce exportation is likely one of the most profitable agriculture enterprise concepts one can spend money on at the moment. Nigeria is main exporter of some extremely sought agriculture produce like cocoa, cashew, sesame seeds, bitter kola, and so forth.
The commodities promote in Europe, Asia and America. Whereas importers are crying due to the state of affairs of FOREX, exporters are laughing their technique to the financial institution.
Quite a lot of supplies have been written on beginning agro-export enterprise in Nigeria. To this point, this is the most comprehensive step-by-step guide on the web concerning the subject.
17. Mushroom Business
The excessive demand for mushrooms each inside and out of doors Nigeria has made the mushroom enterprise a viable one. The great factor is that mushrooms take simply few weeks to mature, so you may get returns from this enterprise in a matter of weeks.
18. Yam Flour Manufacturing
Most individuals want to organize their pounded yam meal from yam flour as a substitute of pounding cooked yams. The period the place African males required their wives to pound yam each night time for dinner is quick fading away.
This opens up one other door for entrepreneurs to enterprise into the yam flour enterprise. The dimensions for funding varies relying on accessible capital. A yam flour enterprise could be very easy to start out.
On the smallest degree, you want a capital of about N20,000 to purchase uncooked yams in massive measure. Slice the yams into tiny slices and depart underneath the solar to dry. After that, you are taking it to a grinding engine the place will probably be floor into flour. The following step is to bundle and sale for N200 per small pack.
Most individuals want to make use of beans flour for moi-moi and akara. To provide bean flour, you must purchase beans. You can begin with 5 buckets of potisco beans at the price of N1,200 per bucket. Wash out the outer again, dry and grind. As a way to construct a model for your online business, you could want to put a label inside your packaged bean flour. Here is a detailed guide on how to start your own bean flour production company.
20. Corn Flour Business
To begin this enterprise, you must purchase like Three buckets of yellow or white dried corn for about N500 every. Take it to the engine the place you grind into flour. You may promote a custard bucket of the flour for N800.
21. Quail Farming Business
Ever since Nigerians obtained to know the well being advantages of consuming quail eggs, the demand for quail meat and eggs has skyrocketed. You can begin a quail farm enterprise with as little as N20,000. You may earn passive revenue from promoting the quail birds and supplying quail eggs to foodstuff sellers.
22. Pig Farming Business
In case you have sufficient capital at your disposal, you possibly can enterprise right into a pig farming enterprise. You can begin with as little as 10 pigs and develop your farm into a giant farm as a result of pigs are identified to multiply quickly.
It takes about 4-6 months for a pig to develop into matured, and will be bought for as excessive as N30,000. Right here is our detailed, comprehensive article on how to start pig farming business in Nigeria.
23. Corn Farming
There's all the time a excessive demand for corn all yr spherical. You can begin a big scale corn farm. It takes about Three to Four month for corn to mature for harvest. You may go for provide corn to corporations that use it as uncooked supplies.
24. Fodder Rising Business
Most livestock farmers particularly people who rear pigs, sheep, and goats have a necessity for the every day provide of fodders. Fodders are principally grasses like clover, alfalfa, grass and wheat. You may develop these vegetation in industrial measure and promote to livestock farmers for a small charge.
25. Foodstuff Distribution Business
You should purchase Foodstuffs in bulk portions from the one a part of the nation and resell in different components the place such commodity is required. For instance, you should buy palm oil from Nsukka and resell in Abuja or you should buy yam from Benue and resell in Sokoto.
It requires understanding what is accessible the place and taking the products to that place on the proper time. Lots of people make their cash this fashion. You may too.
26. Charcoal Provide Business
Most industries use charcoals in massive portions. You should purchase charcoal in massive portions from villages and provide to bakeries and different industries that make use of it. A bag of charcoal will be bought for N1,400 and resold for N2,000 or extra. Not only for native provides, you can even export the charcoal exterior the nation for the next value.
27. Plantain and Potato Chips Enterprise
You should buy uncooked plantains and potatoes in massive portions, fry and bundle it, and provide in bulk portions to shops and supermarkets.
The success of this enterprise relies upon, to a big extent in your packaging. Lots of people are beginning to understand how worthwhile this enterprise is. It’s nowhere close to saturation but. And you'll also start a plantain plantation which is excellent enterprise too.
28. Beginning a Weblog on Agro Area of interest
Younger individuals are embracing agriculture as an entrepreneurship enterprise. Most of them want dependable and correct data to get began. You may start a blog on a distinct segment in agriculture to bridge this data hole.
As an illustration, you can begin a fish farming weblog to teach fish farmers and intending fish farmers on new methods to run their fish farming enterprise. You may monetize your weblog by adverts, promoting of Data Merchandise and On-line Consulting.
29. Agro-Based mostly E-commerce Web site
Additionally, you can begin an E-commerce website the place farmers can show their merchandise on the market. Many farmers complain that brokers rip them off their hard-earned earnings. So an agro-based E-commerce website will bridge that hole and take away the center man. It can join farmers immediately with consumers.
30. Agro-Export Agent
Agro-produce exporters want brokers who procure agriculture commodities from farmers. These brokers know the place the farmers and the method for exportation. Learn this complete step-by-step article on agro export to know how this benefits you.
31. Shea Butter Extraction and Refinery
There are lots of agro commodities to speculate your capital however one stand out product will all the time be Shea butter. A big market exists for Shea butter world-wide, notably as it's organically produced.
Shea butter is in excessive demand and is a superb product. It has excessive prospect and sells effectively within the worldwide market. Alternatives exist in its manufacturing worth chain producing on a small, medium and on a bigger scale to fulfill the rising demand.
There's a rising curiosity in butter from Nigeria to be used as components within the cosmetics, pharmaceutical and confectionery industries, but the commodity is in restricted provide as a lot of it's processed by native ladies by crude and labor intensive means.
Funding within the processing of the butter in massive quantity won't solely be worthwhile, however may even create a really feel issue for presidency assist as it's also an avenue for employment for its teeming youths.
The robust curiosity within the product by beauty corporations is because of rising demand for a extra pure product that's good for pores and skin – Supply: Feasibility of Shea butter extraction and refinery
32. Farming Tools Leasing Enterprise
In case you have massive capital at your disposal, you should buy mechanized farming tools and lease to farmers for a every day charge. A few of the farm tools which can be on excessive demand are tractor and harvesting machines.
33. Spice Cultivating Enterprise
There's a excessive demand for spices like curry, thyme, scent depart, nutmeg. You may domesticate these spices, dry and bundle them for promote.
34. Soy Beans and Zobo Enterprise
You should buy soy beans and Zobo in bulk amount from farmers and both sale immediately in smaller portions or course of into soy milk or Zobo drink and provide to retailer house owners and supermarkets.
35. Yam Business
Yam is one other staple meals that's in excessive demand in Nigeria. You can begin a big scale yam farming enterprise or you should purchase the yams at a less expensive value from locations like Benue State and promote at the next amount to retail sellers.
36. Meat Processing Business
Nigeria is but to have an organization that focuses on course of meats. A lot of the meats bought within the nation are stored in an unhygienic atmosphere. You may construct a meat course of firm the place meats are processed and preserved in a hygienic atmosphere protected for human consumption. Chances are you'll not must rear the animals processed from the scratch, you should buy these animals from livestock farmers within the nation.
37. Tomato Processing Business
A lot of the processed tomatoes (tin or sachet tomatoes) consumed on this nation are imported from overseas nations. You may supply for recent tomatoes from Northern farmers and begin your personal tomato processing firm.
38. Native Meals Business
A lot of the quick meals and eating places serve solely intercontinental dishes. You can begin a restaurant that serves solely free native dishes like yam and oil, breadfruit, nkwobi and isi-ewu.
39. Grass cutter Farming
Nigerians love Grass cutter meats (nchi). You can begin a grass cutter farming enterprise the place you rear grass cutters for provide to eating places, joints and motels.
40. Banana and Plantain Plantation
There's a excessive demand for ripe banana and ripe and unripe plantain each inside and out of doors Nigeria. You may convert any unused land at your disposal right into a banana or plantain farm. Right here is our article on starting a plantain plantation business in Nigeria.
41. Breadfruit business ideas
A cup of breadfruit is bought for N120 or extra relying on the place, and there may be an ever excessive demand for breadfruit regardless of its excessive price. This reveals you that the breadfruit enterprise is a sensible and worthwhile enterprise.
You may supply for breadfruits from villages in excessive amount. The unpeeled ones will be purchased for as little as N60 per cup. All you want do is to course of it (take away the again) and promote for N120 per cup.
Palm oil is required to organize nearly all Nigerian delicacies, thus, there's a excessive demand for palm oil all yr spherical. You may both begin a small-scale oil processing enterprise or buy the oil in drums and resell for the next value. Learn this detailed info-guide on how to start a successful palm oil business in Nigeria.
43. Sugar Cane business ideas
Most industries that produce edible merchandise want to utilize sugarcane as a substitute of the white granulated sugar. You can begin a sugarcane farm (particularly in Northern Nigeria), and provide the matured sugarcane to industries for revenue.
44. Session Companies For Farmers
In case you have a particular coaching in a side of agriculture, you possibly can present session providers for farmers within the discipline and cost them a small charge as cost on your providers.
45. Bamboo Stick business ideas
For those who go searching, you'll discover that many of the soccer viewing centres and consuming joints are constructed with bamboos, thus there's a sizable demand for bamboo sticks.
The advantage of this enterprise is that it takes simply 2 months for a bamboo plant to mature, and a matured bamboo stick is bought for as a lot as N500. Thus, in lower than Three months; you can begin reaping some returns in your funding.
46. Farm Equipment Upkeep business ideas
Most farmers that make use of heavy farm equipment all the time have must service and sustain such equipment. You can begin farm equipment upkeep and restore enterprise.
47. Transportation Enterprise For Farmers
One of many challenges most farmers encounter is the shortage of technique of transportation to get their farm produce from their farms to the market. You can begin a farm transport enterprise to assist farmers kind their transportation wants for a charge.
48. On-line Agric Company business ideas
You may function a web-based agent for farmers. You place product adverts on websites like alibaba(dot)com, as soon as an order is positioned, you supply for a farmer that has the produce and provide for a sure proportion of the full sells.
You don’t must have your personal bee farm so that you can begin a honey provide enterprise. You may supply for and buy honey in huge jerry-cans from locations like Nsukka in Enugu State and promote in small portions.
50. Uncooked Agro Product Provide business ideas
Most industries in Nigeria make use of uncooked agro merchandise throughout manufacturing. You may function a center man to provide these industries with the mandatory uncooked supplies, for a charge.
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