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Agricultural business presents endless opportunities for both able men and women that choose this path for themselves.
What makes you think foreigners are very much interested in us, it’s not only because of our oil and gold but also agricultural resources.
If you don’t have people in the government or friends that work with agro allied industries, you won’t understand how international organizations pump money to agricultural sector.
I have a friend who turned down nysc because agriculture started paying him immediately after his university, I have another friend who was sponsored to run his master’s degree abroad through agricultural incentives.
When I was talking about how to eat twice a day, they were talking about how to spend two to three millions for their weddings. This is profitable agricultural business is.
The only enemy that keeps visiting us every four to five hours is hunger so Choosing to go into agri business could be the best decision you make today.
AVAILABLE BOOKS ON AGRICULTURAL BUSINESS
- Ground proposal for agriculture
- Comprehensive agricultural book for livestock farming, crop plantation and digital ebook
- Agricultural farming knowledge
What is agricultural business?
Agricultural business is a very broad term. It involves all the activities that has to do with planting of crop, milking cows, rearing of livestock for commercial purpose as well as distribution and selling of farm inputs and agricultural produce.
So, agricultural business include not only farming but production of input for instance, chemical, seeds, machinery and much more.
Furthermore, distribution, marketing and selling of farm produce handled by transporters, retailers, restaurants, wholesalers are all part of agricultural business.
All these activities ensure that food are made available for humans and animal consumption and sufficient materials for our industries.
Sectors in agricultural business
Agricultural business is categorize into three sectors. It’s important you understand all the sectors in other to decide which one you would like to venture into.
1. Input sector
This sector has to deal with production and distribution of farming inputs such as fertilizers, seeds, chemical, machinery, tools and animal drugs needed by the farmers for production of crops and livestock.
2. Farm sector
It involves farming and rearing of crops like vegetable, rice and rearing of animals like fish, birds etc.
3. Output or product sector
This is the final sector that ensures farm produce get to the final consumers.
They processed, preserved, stored, transport and sold to meet consumers needs.
Forms of agricultural business
They are many forms of profitable agricultural business activities that can be undertaking on a small scale, even at your backyard.
However, any form you decide should be base on the market demand, startup capital, your experience and availability of farmlands, tools and other resources.
Nevertheless, this article focus broadly on small scale farming you can start up with a little capital that will in turn give you considerable income.
1. Fish farming
Fish farming especially Catfish, crayfish, ice fish, sprimwinkle are very rewarding agricultural businesses in Nigeria.
This industry is yet to be fully utilized as the majority of fish we consume like stockfish and ice fish are imported.
If you live in cities like Abuja, owerri, port Harcourt, or nearby states and you have resources for fish farming, there is no need to waste time, the demand for Catfish is too high in those areas. The highest numbers of Catfish they are selling in Abuja are from Ibadan.
Also read; starting a successful Fish farming in Nigeria
2. Charcoal production
Chacoal business is a hidden and underrated business opportunities in Nigeria. This business is very lucrative but people under look it.
Some of the uses of chacoal are cooking, brushing of tooth, curing of poison and skin disease, manure, shisha, barbecue and others.
The demand for chacoal is high as majority of the households depend on it for various purposes. It is also a good source of export product.
3. Mushroom farming
This is one of the profitable latest businesses in town. Mushroom is very nutritional and can be added to our food either fresh or dried.
It’s widely consume across Nigeria most especially southern part of Nigeria. In fact, they prefer mushroom to chicken over there.
Mushroom normally grow naturally during when raining season begins but thanks to entrepreneurs who made it possible to farm mushroom and make it available all year round.
To farm mushroom requires scientific method. Firstly, you have to decide type of mushroom you want to farm like shiite, oyster, button mushroom.
Then, research for the best soil property to grow your mushroom, afterwards, prepare the substrate, plant the spawn, maintain optimal condition before you can harvest, proceed to sell your harvest and smile home.
4. Poultry farming
Poultry farming is the process of keeping birds like chicken, turkey, ducks etc either for meat or egg collection.
This is a lucrative business to consider starting up. The demand for chicken meat and egg is very high all over the country. That’s because chicken produce is rich in protein and also egg is use in cosmetic industries.
Furthermore, Nigerians love to celebrate events like weddings, burials, festive periods, chicken meat is serve in such events.
To start poultry farming, you will need a cage, feeders, chicks, feeds and so on.
5. Snear rearing
Snail farming is another suitable agri business that making wave.
To farm snail doesn’t require much space and starting up capital is very minimal. Just get the right spacies of snail you intend to farm.
They also provide themselves with self feeding and reproduce in large quantities.
6. Vegetable farming
I don’t think there is any Nigerian that spent a day without eating vegetable. Vegetable can be found in our foods in one way or the other.
When we talk about vegetables, we are referring to farm produce like leaves, pepper, carrots, cucumber, carbage, spinach, beetroot etc.
It’s a profitable business that sell irrespective of where you are whether village or town.
However, to make something out of this business, you need a considerable portion of land except if you choose to farm leaves. Leaves like pumpkin leave (ugwu) doesn’t need that much.
7. Bee keeping
Bee keeping is another profitable agricultural business you should like to venture into.
The demand for bee product is very high both home and abroad. It’s a business that can make you millions within short period of operation provided you do it well.
The practice of growing bees is known as apiculture. Bees are kept to collect honey or bee wax. Honey is medicinal and very rich for our body system.
Honey is also use in cosmetic and pharmaceutical industries while bee wax is use for production of polish, candle and cosmetics.
8. Horticulture
Horticulture is the study and practice of growing rooted crops, vegetables, flowers and ornamental plants.
Rooted crops such as orange, mango, cashew, oil palm etc, vegetables such as lettuce, tomatoes, garden eggs, cabbage, pumpkin leaves etc, flowers and ornamental plant such as hibiscus, rose flower, pride of babadose.
Horticulture is one of the lucrative hidden business opportunities in Nigeria people barely know about. If you study the skills very well, both government, individuals and corporate bodies will come looking for you.
Those beautiful flowers and trees you see in, road side, hospital, churches, residential houses etc are done by them.
9. Plant nursing
Plant nursing is another profitable agricultural business.
In this business, you grow plant like mangoes, cashew, coconut, pepper, tomato, flowers and others.
Take care of them until they get ready for transplanting, then you can sell them to large scale farmers and cash out.
10. Selling of seedling.
You can also sell seed like corns, pumpkin seeds, tomato seed, rice, and so on to farmers and make your money.
Medium or large scale agricultural business
They aare many other profitable agricultural business. however, in order to make great fortune from these businesses, one has to embark on a medium or large scale production.
These farms required large portion of lands and it’s capital intensive. They include;
Economic trees like mangoes, pawpaw, cashew, oil palm etc and also Cassava farming and processing, rice farming, corn or maize farming, beans farming etc
Conclusion
Any crop farmed in Nigeria is very lucrative. You hardly see any crop that doesn’t sell. So starting agricultural business is very profitable.
Nevertheless, in choosing the area you would like to specialize on should depend on your experience, availability of resources as well as good climate condition and land that will ensure your crops do well
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