10 Agriculture-Based Investments That Are Making Money
It’s still sometimes funny to realize many entrepreneurs, especially young ones don’t know the power of agriculture. Many ignore agriculture, not knowing the wonders that can happen just by building a business around the agricultural sector. Fine, we understand the government might not be helping issues so much, but that does not stop you from building your business. There is money in agriculture, lots of money. You just have to find out for yourself. There are various agricultural investments you can venture into, and here, we present some of them in this article.
- Rice farming : there is so much money in rice farming, in fact, many entrepreneurs including billionaires are pouring so much money into rice farming. Africa’s richest man, Aliko Dangote recently invested about 1billion dollars into rice farming. This is due to the fact that Nigeria and other African countries import rice. On an average, Nigerians eats rice at least once in a day, it has become part of our daily routine, yet the rice we eat are imported, we do not produce rice until recently though. With the high demand for rice by Nigerians, any entrepreneur who starts a rice business is bound to make a lot of money. The challenge with rice farming however is that it requires a huge capital to start ( if you intend to produce in bulk), but it is also not a concern because you can always team up with investors to invest in your business. It promises to be profitable.
- Cassava farming: someone once made a joke that garri and groundnut should be added to first aid box. I know you’re laughing, but on a more serious note. Cassava farming is really making waves in Nigeria and many people do not know this. Some people when they hear about farming or agriculture, what comes to their mind is the picture of someone poor lean farmer harvesting tiny cassavas in farms. If you are one of those thinkers, you need to get more familiar with how farming works.
Cassava is a tuber crop like yam and it is used mainly in the production of garri and other morsel food. In Nigeria, an average man takes garri more than rice. Even the rich drink garri. Garri is a food that cannot be neglected for other foods in Nigeria which is why I made the joke at the beginning. Garri is a common food and as such, the demand for it in Nigeria is very high. Investors are seeing this and are investing eagerly into the business because they know it cannot be substituted for shawarma or pizza. If you want to venture in the business, you have made the right choice.
- Plantain farming: sometimes, it is difficult to determine which food Nigerians prefer asides garri. Plantain is multi-purpose, it can be boiled, fried or even roasted. One in three Nigerians eat a form of plantain at least one in a day which makes it a favorable market for investors and entrepreneurs. Investors are pouring so much money into plantain farming and the weather and soil condition in Nigeria is even making business more interesting. Plantain production is profitable but many do not know. And one amazing fact about plantain you do not need to water it as you would other plants. It naturally produces water especially when it rains.
- Poultry: poultry is one of the most common forms of livestock farming and it is highly profitable. By raising poultry birds, you can be sure to make money. Investors see the high demand for poultry products in the markets, whether eggs or its meat and they see it as a means to make profits. This business is very profitable in Nigeria as there is a high consumption of poultry product. All that is required to start the business is a small farm land or a cage to put the poultry birds with other facilities put in place. You could buy a two weeks old broiler at 500 naira and resell for about 6000 after three months. Assuming you raised 100 broilers, multiply each by 6000 naira and see the profits. The business is more common during festive periods.
5. Fish farming: fish is a good source of protein with low cholesterol which makes it more in demand than any other animal meats in the market and it is a good business to invest in. You can buy finger licks for as low as #10-#20 and rear for about four to six months to resell for between 600-1500; depending on the size of your fish. Entrepreneurs who invest in fish business are one of the richest farmers you can ever see in Nigeria. The business is in demand, it is profitable and has low risk.
6. Snail farming: snail is the most nutritious of all meats. Even more nutritious than fish which is why many consumers won’t consume anything different from it. The business is profitable and easy to start. With a very low capital, you can purchase snails from the market and they start reproducing after 35 days on location. This is a huge success for you as an investor.
7. Maize farming: you don’t know how much profit you can make in maize farming until you invest into the business. It is never out of demand. One amazing thing about maize farming is that unlike many other food crops, you can harvest up to three to four times in a year.
8. Bee farming: did you know that bees are the best producers of honey. Honey is one of the things Nigerians use from time to time and original honey is very difficult to come by, which is why you could invest in the production of original honey by raising bees.
9. Fruit and vegetables farming:; these two are intertwined. Fruits are consumed often in Nigeria likewise are vegetables. As an entrepreneur, you could invest into massive production of any fruits and vegetables of your choice. It’s a profitable business for you.
10. Goat farming: this business is more common in northern Nigeria than in southern Nigeria and that is because many inhabitants of the south do not know how profitable it is to invest in goat farming. A fully grown goat is sold for between 25 thousand naira or more. So, if you rear 100 goats, do you know how much you would be making when it’s time to sell? And don’t forget that the goats will be reproducing which means you can never run out of stock. Goat farming is one of the businesses you can invest in as an entrepreneur.
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