It’s not too late to consider starting a business in the agricultural sector. In fact, there is no better time than this, when the hope in crude oil is gradually being deflated. There is a profitable alternative in technology and financial technology. But not everyone will be a tech sis or tech bro. There is so much to mine from agriculture.
Recent reports hold that the agricultural sector contribute only 20% to the national GDP. This leaves so much more room for growth. The business ideas I will be sharing in this article, are to bring you up to speed with agricultural business opportunities you shouldn’t be sleeping on.
The demand for poultry produce is on the increase. There is always a need for eggs and chicken. Where do you think these are gotten from? Poultry farms, of course. This is a profitable business to engage in, and with the right strategies, you can scale progressively. However, like every other business, you must carry out extensive research to know your market. This will inform your decision on where to locate your farm, as well as other processes.
One of the advantages of snail farming is the fact that it is not capital extensive. It requires low capital to get started. It is advisable to gather snails during the rainy season, when they are more visible.
During the dry season when snails are scarce and more expensive to purchase, it is a good time to make sales and rake in income.
Honey bees farming
If you aren’t allergic to bee stings, this is a great business for you. It is also for those who are not buoyant enough. You can start at a small scale at the back of your house, which you could convert to a farm. Given the diverse health benefits of honey, it is in great demand, and also highly valued. This is a good business to venture into, as the market keeps growing.
Pigs are prolific breeders. One can birth 10-14 piglets at once. This shows how lucrative this business could be. Pork, which is a healthier alternative to red meat, is in high demand.
The pork market in West Africa is recorded to be about $3 billion consumption value. Where does this place you as a wise business person? You can definitely tap into this market and acquire some of this money for yourself.
Have you noticed that many of the foods and cereals we eat are made from maize? The corn itself can be cooked or roasted and enjoyed with pear. Other by-products include: corn flour, corn starch, pap, custard, alcohol, cornflakes, etc. Many Nigerians depend on maize for their sources of livelihood, so, you can be the producer of the raw material and serve this market.
Like maize, cassava is the raw material of several foods we eat in Nigeria and beyond. According to statistics, 90% of Nigerian households consume cassava products everyday. With this statistics, it is obvious that this is a market to look out for.
I believe that at this point, you must have decided on the agricultural business to start. As you have seen, with little capital, you can start a few, so don’t give further excuses.Featured Image Source: Invoice NG
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