The recent shift in policies, the rise of agri-tech, and increased internet penetration, have helped farming evolve as a profitable business venture. Over the years, an increase in population, the rising urban and rural income, and several export channels are leading to a surge in the demand for quality and nutritious foods. This presents an exciting opportunity for newbie farmers who are planning to start a business. Even in the face of Covid-19, agriculture has emerged as one of the most reliable and resilient sectors. 

 

While earlier, farming required huge capital investment and a large area of land to get started, now the way of business has changed. Today, you can venture into farming with even a small capital investment or start growing fruits and vegetables out of your backyard. It is also interesting that profits are no longer restricted to the traditional cash crops like rice and millets. There are multiple avenues for you to diversify and earn profits from agriculture. 

 


Through this article, we bring you 10 farming ideas that you can use to set up a profitable business venture.   

 

1. Fruits and vegetable farming – Thanks to the varied climatic and soil conditions in India, farmers can grow different varieties of vegetables and fruits. Fruits and vegetables have a huge market especially with the recent shift towards healthier, plant-based diets, thus allowing farmers to make huge profits. Farmers can sell at local mandis or start selling online or even export fruits and vegetables to international markets.
You can read more here.

2. Organic Fertilizer Production – All you need is a proper knowledge of the production process and you can easily set up your organic fertilizer business. As people are becoming more concerned about the environment, chemical-free products are growing in demand. Thus, farmers are looking for organic fertilizers. Preparing vermicompost and organic fertilizers can therefore be a profitable business venture.


 


3. Poultry Farming – If you want to venture into agriculture with a small budget, poultry farming is an excellent choice. You can start with just Rs. 2-3 lakhs that you can spend on buying chickens, cage, equipment, and location, and in a few months, you can start reaping huge profits. It is easy to find customers for eggs and meat – be it in grocery stores, restaurants, supermarkets, etc. The government is also providing several subsidies to help poultry farmers.

4. Dairy Farming – Most Indians consume milk and dairy products on a daily basis. This is why dairy farming is a popular farming business idea in the country. You will need proper knowledge about livestock, which location to set up the business, which animals to purchase, obtaining licenses, etc. All of this guidance can be obtained online or through an expert. With a small investment, dairy farming can be an extremely profitable business.
You can read more here.

5. Mushroom Farming- Mushroom farming is emerging as one of the most profitable businesses that can be started with low capital investment. Moreover, it does not require a large space and you can start reaping profits in just a few weeks. The demand for mushrooms is fast growing as people are realizing that it is extremely rich in nutrients. It is a cash-rich business idea that you can start from your home or even a small farm.
You can read more here.


 


6. Hydroponic Retail Store- Hydroponic farming is a new technology enabling farmers to grow plants without soil. This is becoming popular for commercial as well as residential use. A hydroponic store sells the specific equipment, raw materials, and plants required by such gardeners. Setting up a hydroponic retail store will require some careful planning but is sure to help you earn huge profits.
You can read more about Hydroponic farming here.

7. Herb Cultivation- Going back to our roots, we are rediscovering the many benefits of herbs and medicinal plants whether in treating illnesses, skincare, haircare, or adding a unique flavor and fragrance to recipes. This has led to the rise of the herbs cultivation business. If you have a fair knowledge of herbs and a sufficient cultivation area, this can be an extremely profitable venture. You can also make use of the subsidies offered by the government for the cultivation of medicinal plants.
You can read more here.


 


8. Spice Processing- India is a major producer of spices. Thus, the demand across the world is quite high and there is a huge opportunity within India as well as in international markets. Anyone can start this business given the low investment and high returns. Processing and packaging the spices is also not very difficult and you can easily learn the same.

9. Sunflower Farming- If you have sufficient land, you can start sunflower farming with even a small investment. It takes only 80-115 days to grow and can be cultivated in diverse climatic and soil conditions. It is grown for its nutritious seeds and the edible oil extracted from it is the largest selling oil in the branded oil segment. This makes sunflower farming extremely profitable for farmers.

10. Fish Farming- Many farmers have broken away from the wheat-paddy crop cycle to pursue profitable ideas like fish farming. Since fish products are quite popular, you can find many customers easily all through the year. The government is also heavily promoting this sector by providing interest-free loans and providing concessions in water and electricity.

 


Over the years, agriculture has become extremely profitable. This is the reason why more and more people are shifting towards farming again. If you want to venture into agriculture, the options are endless and profit is guaranteed. So get started now!

 

Leave a Reply