I'm going to share
with you 10 lucrative agriculture business ideas that do not require owning a farm or doing the farming. Hopefully at least one of these ideas will interest you.
1. Agriculture consulting. Majority of farmers in developing regions like the knowledge to maximize their farm yield but with the right expert knowledge they
can produce more from the same investment in space agriculture consulting provides the research backbone of the agricultural industry as an agreed consultant you'll be involved in advising and training farmers on farming best practices you will
advise on the use of high-yield seedlings for fingerlings soil management and
other modern farming techniques and also help to supplement the traditional knowledge of farmers with new technologies and tools to increase yields and produce healthier products.
Consultants are in demand both as city and state workers. Private industry hires and independent contractors.
2. Farm-produce processing and packaging. From rice to cassava to plantain, food processing is an important and lucrative part of value chain in the agriculture industry if you take a walk into the grocery store or supermarket you will easily find collections of processed and well-packaged farm produce.
With the expansion of the middle class and urbanization there is an increasing
demand for processed, branded and packaged food.
Consumers are
also becoming more health-conscious adding to the need for nutritious pre-packaged food. The food processing and packaging market in Kenya for example
is estimated at about 545 million dollars this presents huge opportunities for
entrepreneurs to benefit from this niche of their agric sector.
3. Farm produce marketing. There's still a wide gap between farmers in developing regions in the market.
A lot of farmers struggle to find buyers that will be willing to pay reasonably
to compensate for their effort. Where as some farmers lose substantial part of their produce before it gets to the market due to prolonged storage and inadequate access to market. In addition to that, there has been an increase in agriculture activities in recent times likely due to the ongoing sensitization on the opportunities in the sector.
These new farmers will need to sell their farm produce and this is where you come in as the middle man mediating between farmers, buyers and off takers. Internet marketing technology has made the marketing process a lot simpler.
There is the option of building e-commerce services to help farmers lease their products for buyers to find them you can also reach out to companies that need raw
Materials from the farm-like restaurants, hotels, supermarkets, processing and manufacturing companies, you’ll literally create a market for those who don't have the access.
4. Farm transportation.
Transportation can present major challenges for small farmers looking to move products to the market limited access to transportation can affect how a farmer moves products into the supply chain.
With a strong business model providing access to transportation for farmers can
prove to be a profitable venture. Entrepreneurs can provide the materials
for transport including trucks trailers and other equipment that are designed for livestock and produce.
5. Agri-tourism.
In recent years more people in urban areas are interested in finding out more about
where their food comes from and how it's produced. People have seen
the dining side of farm to table now they want to see the farm.
The recent emergence of agri-tourism as an industry is showing a lot of promise for entrepreneurs.
Traditionally farm tourism will belargely relegated to the individual farmer
who will host small tours of their operation for interested visitors.
An industry of agri-tourism consultants have also cropped up to help guide
farmers who may not have the experience in customer relations, liability marketing and advanced coordination.
Innovative business can also partner with farmers to organize tourism events
in their farms.
6. Technology solutions for farmers.
There are a growing number of mobile applications that help farmers to be more effective and efficient with their farming process.
These applications perform functions for weather forecasting, crop and soil testing, training data on disease management, security surveillance and many other information that can improve planting, cultivating and harvesting.
There are
also apps that expose farmers to financial services such as loans payments insurance and general banking and accounting services. There are apps
that help farmers access a larger market to sell their products. There is also the
need for drone services for different purposes.
7. Equipment leasing. The uber model. Uber is one of the most valuable modern day companies with a global presence
due to its unprecedented success, their business model has replicated in
different industries all over the world.
Uber's business model of renting cabs on demand has inspired countless businesses around the world including in agriculture.
There are
services making it easy for farmers to rent and share farming equipment saving money and time.
Small holder farmers contribute to the majority of agricultural produce from Africa.
The smallholder farmers will benefit most from the uber model of farming since it is more expensive to own farming equipment and machinery than to lease them.
The opportunities here include designing and building applications that bring farmers and equipment owners under one platform of buying and leasing this equipment.
8. Agri- business training.
As people are discovering the opportunities of creating wealth from the agriculture
Industry, they need training to learn the rudiments in the business of farming.
There are lucrative opportunities in teaching people how to farm different
livestock and crops and the business of agriculture.
If you are confident in your skill you can share your knowledge with young
farmers who will pay for your classes.
You can start an online farming class as well as farm visitation sessions.
This is a good option for older experienced farmers who are looking for retirement option.
Also as a young farmer if you are skilled and you have the ability to impart knowledge you can also start training people about farming this can be very profitable for people who don't just want to work on the field but have the passion to share their knowledge with the next generation of farmers.
9. Export of aggregate products.
You can start a farm of product exploitation business if you have the international contract. You then have to work with a number of local farmers to take off their harvest and export to your international buyers. If you understand the expectation
procedures in your country and have an innovative business model there's a lot of money for you to make exporting farm products.
10. Invest in agriculture.
If you don't want to have a direct contact with the upstream and downstream
of the a agric industry but have idle money you can invest your money and have other people do the job.
There are many a great crowdfunding platform out there offering up to 15% return on investment in six months. Make sure to do proper research and due
diligence before giving anyone your money.
If you invest with the right people, you can easily have your money work for you.
You'll have a source of passive income while keeping your job for business. Overall, the agric industry has a wide value chain and its enormous opportunities are open
to anyone who has interest. You just need to identify which part of
the value chain best suits you and start exploring the opportunities
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