With the growing population and limited availability of arable land, there is a continuous need to maximize output from existing farmlands. Top 20 New Business Ideas for Agriculture (Monthly Earn 6000$)
To make this happen we require entrepreneurs and technologists who can improve and innovate in agricultural and veterinary sciences. The Indian agriculture market has grown exponentially over the years and is estimated at $300 billion (US) in size. In the next 5 years, it is expected to cross $550 billion (US). This potential offers a huge opportunity for farm products and agricultural businesses to help humanity.
The sole motive of this article is to identify various business opportunities that can be explored by agriculture and veterinary sciences graduates. We have tried to present a comprehensive list of different business ideas under multiple heads. We hope our research and analysis will be helpful to agriculture and veterinary science students facing a crossroads in life.
Top 20 New Business Ideas for Agriculture
1) Plantation and farming:
Plantation and Farming is a good area for starting any agricultural business. Plantations currently produce various kinds of crops such as rubber, cloves, nutmeg, cocoa, coffee, and tea. Pakistan is one of the biggest producers of tea in the world with an annual production of 3-4 million tonnes. The plantations are usually located at high altitudes where the climate is cool and ideal for tea plantations.
Tea production has a direct impact on the economy as it provides employment to more than 50 million people globally. In India, around 0.8 million people are directly employed in the Tea industry while another 4-5 million are employed in its supply chain.
2) Dairy business:
Dairy farming is a good area for starting any dairy-related agriculture business. India has the largest livestock population in the world and contributes significantly to socio-economic development.
The total number of cattle in India is estimated at 306 million, which accounts for 30 percent of the Indian population, making it man’s oldest companion. It comes as no surprise that India is the world’s largest producer of milk, which accounts for about 79 percent of the global output.
In India, there are around 50 million small dairy farms with an average herd size of 0.45 cattle per farm. The gross annual production from these 50 million farms is 19 million tonnes.
3) Poultry farming:
Poultry farming is another good area for starting any agricultural business. The Indian poultry industry has grown at an average annual growth rate of 13 percent in the last four years. India, which has the largest population of broiler chicken at 500 million accounts for almost 23 percent of the world population and produces more than 5 billion eggs a year.
India is the world’s second-largest egg-producing nation after China which produces 61 billion eggs annually. The Indian poultry sector has recorded an annual turnover of Rs. 1,15,000 crores in 2010-11 and is expected to grow up to Rs. 2,50,000 crores by 2015.
4) Agripreneurship
Agripreneurship is a good area for starting any agricultural-based startup. Agripreneurship is entrepreneurship in agriculture, forestry, animal husbandry, and fisheries sectors of the economy. It is an economic field that provides people with farming opportunities to produce food products. Some pioneering agripreneurs are making their mark in the world. Some of them are listed below:
a) Dr. Pradeep Krishen, Owner of Tree Park Agriculture Consultancy has developed a new concept in farming known as “Forest Farming”. His innovative approach is to grow 30-40 kinds of fruit crops including natural rubber on one acre along with timber trees which will yield high-quality wood in 40 years.
b) Devinder Sharma, a well-known Indian food and trade policy analyst, has been promoting organic farming for the last 20 years to increase farm productivity and reduce costs of cultivation. He is the founder of One Future One Farm Foundation that promotes sustainable agriculture in India.
c) Bharat Dogra, a well-known environmental columnist, has established a brand of custard apples known as “Divine Taste” and exported them to the USA.
5) Fisheries business:
Fisheries is one of the most important activities in coastal areas. It plays a vital role in both food production for domestic consumption and export. The importance of fisheries cannot be over-emphasized, given that it provides employment to about 10 million workers directly or indirectly associated with fishing.
Top 20 New Business Ideas for Agriculture
India ranks second worldwide in marine fishery production and ninth in inland fishery production. It is home to one-third of the world’s fish population, yet only about 2 percent of the world’s water resources are used for fisheries.
6) Honey farming:
Honey is one of the most concentrated forms of natural sweetener and has been considered a healthy substitute for sugar. Honey is easily digestible and provides energy within minutes after consumption. It has an antiseptic property that prevents infections when applied topically to burns, cuts, abrasions, and wounds. India ranks fifth in the world for honey production with an annual output of about 80,000 tonnes. Here are some tips for starting a successful honey farm:
7) Planting ornamental plants:
Ornamental Plants are used for decorative purposes. They are also known as Flowering Plants or Garden Plants. Ornamentals are cultivated worldwide, especially in the more temperate regions of the planet where few food crops grow well.
Ornamentals provide an important horticultural industry and play a key role in the economy, culture, and environment of the regions where they are grown. Many ornamentals have been cultivated for thousands of years especially in East Asia, India, and Europe. Top 20 New Business Ideas for Agriculture
8) Sericulture farm:
Sericulture is rearing silkworms to produce raw silk. The major producing countries include China, Japan, Korea, India, and Nepal.
The major consumer of silk is the apparel industry. It is also used in furnishing and home decor items like wall hangings, curtains, and upholstery fabrics, etc. Other uses include medical sutures, surgical thread, fishing line, and musical strings.
9) Apiculture:
Apiculture refers to bee farming or honey production. Bees are eusocial insects that live in large colonies of workers, drones, and queens. A hive is the residence of a honey bee colony. Hives range greatly in size, but on average contain between 40 to 50 thousand bees at any given time. The first hives were used by humans about 5500 years ago and beekeeping has become an agricultural industry.
10) Marine fish farming:
Rearing marine fish in coastal areas is an important fishing activity in many parts of India. It provides employment to about 15-20 million people worldwide and accounts for nearly half the world’s seafood supply.
The rearing can be done in land-based ponds, estuaries, or cages submerged in the sea. Cages submerged in deep waters are considered to be more effective as they can obtain a higher fish yield which is then processed into canned or frozen products for export.
11) Poultry farming:
Poultry farming refers to rearing domesticated birds such as chickens, ducks, and turkey for meat and eggs. The farming is carried out in an indoor or open airfield for commercial purposes. The hens are kept in cages while the cocks are allowed to roam free. Some farms allow the birds to mate, while others prefer artificial insemination.
They are fed with grain-based foods and sometimes animal by-products like fishmeal etc. Hens will lay eggs and the chicks will hatch. The males, called cockerels or roosters, and females are referred to as hens and pullets respectively. They begin to produce eggs at about six months of age and can lay about one egg a day for about a year.
12) Goat farming:
Goat farming is a less popular but ancient and profitable activity. It can be done on a small scale or as part of a large commercial industry. Goats are the third most important ruminant after cattle and buffalo as they produce milk as well as meat as the kids (young goats) also yield high-quality skin fibers like Cashmere, Angora, and Pygora. Goats are also occasionally used in some of the aridest areas since they can eat almost anything, including small twigs, thorny bushes, and trees.
13) Barley farming:
Barley is one of the world’s most important food crops. It is mainly cultivated in colder regions where wheat does not grow well. Barley is used for food as well as brewing purposes. The major producers of barley include China, Australia, Egypt, and the United States.
14) Potato farming:
Potato farming is carried out extensively in developed nations like Russia, Canada, and the US where other forms of agriculture face challenges due to environmental complexities. Potatoes are rich in carbohydrates and provide nutrients to the farmers as well as consumers.
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15) Sugarcane farming:
Sugarcane is a soft, sweet carbohydrate derived from the stems of sugarcane plants. The major producing countries include Brazil, India, China, and Thailand. Sugarcane is a cash crop that requires minimum care and is easy to produce. It can be used for sugar production, biofuel, or as raw material in the manufacture of paper, rope, and alcohol.
16) Tea farming:
Tea plants are cultivated for their leaves which are used to make tea. It has gained immense popularity around the world with two-third of the tea produced is consumed in Asia. The major producers of tea include Kenya, Indonesia, and Sri Lanka.
17) Potato farming:
Potato is a starchy, tuberous crop. It was first domesticated in Peru and Bolivia around 8,000 years ago. China is the largest producer of potatoes mostly grown in the mountainous regions where wheat does not grow well.
18) Banana farming:
Banana trees are grown for fruit which is a great source of vitamin A and potassium, but also for its fiber and medicinal uses. Banana is the fourth most important cereal crop after rice, maize, and wheat. It is mainly cultivated in tropical countries like India and Brazil. The main producers of bananas are India, China, Brazil, and the Philippines.
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19) Paddy farming:
Paddy is a cereal grain that is largely grown in Asia for subsistence purposes as well as commercial use. It requires flooded conditions to grow which leads to the yield being affected due to variations in precipitation. Countries like Vietnam, Bangladesh, and China produce more than 100 million tonnes of rice which is mostly consumed by the locals.
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20) Sunflower farming:
Sunflower seeds are used to extract oil. The plant resembles that of a daisy with yellow flowers but has also found use in folk medicine and magic rituals. Russia, Ukraine, Mexico, and Argentina are major producers of sunflower oil.
Top 20 New Business Ideas for Agriculture
