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|100 Amazing Business Ideas In The Agricultural Sector by segello: 1:40pm On Jan 12, 2016|
The current Nigerian Government has made it clear that Agriculture will be the center piece of its economic revival for Nigeria. This has thrown open a window of opportunities for a lot of Nigerians looking to get away from the shackles of paid employment or in a business that is currently struggling.
Femi Olu sent us a remarkable list of 100 investment opportunities in the Agric sector. It’s a long read but trust us, it is worth your while.
Agribusiness Ideas– Choices to look at
Now the important question: When it comes to agribusiness ideas, what are the best investment choices available? After careful consideration and analysis of all the agribusiness ideas available in the country, the following are the best, practical ones that you should consider investing in:
1) Invest in Cassava. Cassava is the most important and regular staple food for Africans. The market for starch in Nigeria and other neighboring countries in Africa is huge. But the lack of quality cassava processing facilities within the country is a huge business opportunity that you can take advantage of.
2) Soya bean and soya-related products are also in high demand in Nigeria. Soya-based foods, edible oil, and animal feeds can be your source of agribusiness venture. It’s in high demand and promises greater ROI. This is a one of the very good agribusiness ideas that isn’t being exploited.
3) You can also invest in sorghum, which has become a very important industrial and household crop. This is a one of the very good agribusiness ideas that isn’t being exploited.
4) If you have access to high capital, then opening a fruit juice concentrate facility in Nigeria can also be a very interesting agribusiness option. As per surveys, nearly 90% of the fruit juice concentrates are imported from foreign countries to manufacture fruit juices in Nigeria. Can you imagine the profit margin you will enjoy if you have your fruit juice concentrate facility within the country? Just imagine the tremendous demand you’ll have to meet!
5) Food processing and storage is also one of the good agribusiness ideas. Most of the food produced in Nigeria end up as waste because of lack of storage facilities. This is a one of the very good agribusiness ideas that isn’t being exploited.
6) Fresh flowers are also another good agribusiness idea. As we all know, fresh flowers are used for many event decoration purposes and also for home decoration purposes. You can easily make money by growing flowers.
7) Vegetables are the most common and highly consumed food item across the world. So, starting a vegetable farm is one of the simplest businesses in the entire world which gives a good profit margin. This is a one of the very good agribusiness ideas that isn’t being exploited.
cool You can also make money from Mushroom farming. All that you are supposed to do is just clean up your space and start your own farming of mushroom today. You can even start exporting it.
9) Another good agribusiness idea for young entrepreneurs is to start a hatchery for the purpose of selling day-old chicks to poultry farmers. This is a one of the very good agribusiness ideas that isn’t being exploited.
10) Quail egg farming is also another good agribusiness idea. It involves growing quail for profitable egg and meat production. Quail farming plays a vital role in meeting the daily nutritional requirement and it is a good source of earning money. This is one of the very good agribusiness ideas that isn’t being exploited.
11) Dairy farming is considered to be one of the most profitable agribusiness ideas. In addition to milk and yoghurt production, a huge quantity of manure is also produced from dairy farming. This is a one of the very good agribusiness ideas that isn’t being exploited.
12) Growing medicinal herbs is also another profitable agriculture business. In order to accomplish the task, you need to have sufficient knowledge about medicinal herbs and the different illnesses they cure. It is advisable to pick herbs like aloe, onions and garlic which can be used to treat a lot of illnesses and diseases.
13) Cactus farming. Cactus is considered to be the most important plant decor item. Selling cactus is a very profitable business. This business can be easily started from your home with minimum investment. This is a one of the very good agribusiness ideas that isn’t being exploited.
14) Commercial corn farming. Corn has diverse uses from animal feeds to human consumption to industrial uses like in the production of corn starch.
15) Snail farming. Snail meat can be used as a healthy alternative to red meat. Those people suffering from health issues or those who are on a diet can opt for snail meat. This is a one of the very good agribusiness ideas that isn’t being exploited.
16) Spices are used in almost all the dishes in order to make the dish much tastier. Spices are in high demand in the market. By growing spices like thyme, nutmeg, etc. you can make a lot of money supplying them to consumers and traders. You can also decide to go into the processing and packaging of your own species so that you can earn more money from the spices.
17) Aqua farming is also another good agribusiness idea. There are several options available to you such as tilapia farming, crayfish farming etc. This is a one of the very good agribusiness ideas that isn’t being exploited.
18) Meat packaging. It’s a common issue with a number of people that poultry meats are not packed hygienically. Now, smart entrepreneurs are making good money through packing poultry meat and other types of meat. This is a one of the very good agribusiness ideas that isn’t being exploited.
19) Pig farming. Piggery is another major source of meat production. Pig meat and by-products are consumed by non-Muslims especially in Asia. Pig fat, which is called Lard, is used as an anti-foaming agent in industrial processes.
20) Shrimp farming is basically an aquaculture business done in a freshwater environment. The need for this item is increasing rapidly. You can sell your harvested shrimps to restaurants and supermarkets. This is a one of the very good agribusiness ideas that isn’t being exploited.
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