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50 Profitable And Trending Agricultural Business Opportunities To Start - Part 2 - Business - Nairaland

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50 Profitable And Trending Agricultural Business Opportunities To Start - Part 2 by gr8tness(m): 8:57pm On Feb 02, 2022
Thinking of lucrative agribusiness opportunities you can explore in Nigeria, elsewhere in Africa or around the world? Here's an abstract of 50 business opportunities you can explore in the agricultural space, extracted from the ebook, Top 500 Business Ideas.

26. PALM OIL PRODUCTION

Palm oil is widely used for cooking most dishes in Africa. Virtually every household, either big or small, consumes palm oil per day. Palm oil is processed from palm kernel fruit which is harvested through a series of traditional processes. The seeds are detached from the bunch and boiled. It is subsequently mashed and pressed to produce a substance from whence the oil is extracted.

27. PALM OIL PACKAGING

The retail market for the sale of palm oil in Nigeria is extremely unorganised and unpackaged. This makes the product susceptible to contamination and poor handling. Thus, many would prefer to purchase packaged oil to unpackaged palm oil. You can start a business packaging palm oil in retail sizes to be used by palm oil lovers.

28. GROUNDNUT OIL PRODUCTION.

Groundnut oil is a nice but more expensive substitute to palm oil used by most household and commercial outfits for cooking in Nigeria. The production process involves the grinding of fried groundnuts, mixing with hot water and pressing out the oil. The production process can be manual or mechanised with varying cost requirements.


29. SOYA BEAN OIL PRODUCTION

The oil from Soya Beans is increasingly considered an alternative to red oil and other vegetable oil due to its nutritional benefits. Interestingly, the IITA report shows that about 20% of the soya bean seed is oil. Soya bean oil is used for cooking, production of ink and paints, vanishes, linoleum, cosmetics and rubber fabrics.


30. GARRI PROCESSING AND PACKAGING

Garri has a high demand in Nigeria; it is either consumed directly or used in the preparation of Eba, a local delicacy in most Nigerian communities. An estimate of 10 million tons of Garri is consumed in Nigeria per annum. Your packaged Garri will tackle the challenge of poor handling, contamination, adulteration and poor quality of the product in the market today. With a sound business plan and marketing strategy, your brand will revolutionise the market.


31. CASSAVA FLOUR PRODUCTION AND PACKAGING

Cassava flour production is one that has the potential to revolutionise the cassava market. Cassava is consumed by over 50% of the Nigerian population who use it to prepare local delicacies. Apart from household usage, cassava dishes (Amala) are also served in some restaurants. Dried cassava is usually sold in its unprocessed form in the market, making the commodity subject to contamination and other unhygienic conditions.

32. CASSAVA BAKING FLOUR PRODUCTION

Cassava flour is also used for baking and it's quite different from the usual cassava flour used for cooking (i.e. Amala).It is used in bakeries to produce bread and other allied products. The production is a little bit technical because the cassava has to be processed within a limited time frame to prevent fermentation.


33. GRAIN FLOUR PRODUCTION AND PACKAGING

Apart from cassava flour production and packaging, your brand will be involved in the processing and packaging of grains like wheat, maize, millet and sorghum among others. These grains are consumed in Nigeria on a daily basis. Your brand will save consumers the stress of winnowing and sieving the grains, thus saving extra cost and ensuring food security. Your packaged grains can meet local, state and national demand.



34. CASSAVA BREAD PRODUCTION

Cassava bread is becoming more prominent in today’s market. This is due to the high nutritional content and the low cost of production. The production is usually carried out with a mixture of cassava flour and wheat in a ratio of 1:4. This combination is often referred to as composite flour bread production. An estimate of over 50% of bread in the market is produced with composite flour. Alternatively, more cassava flour could be used against the wheat and there is a possibility of funding by the government. Popular cassava bread in Nigeria are Agege bread, UTC Bread, Butterfield bread etc.

35. PACKAGED SOYBEANS FLOUR PRODUCTION

Soybean flour is used to make convenient soybean cakes which are consumed by most household in Nigeria. The processing of soybean into flour involves the selection of soybean, grinding into powder, sieving…..


36. POULTRY FEED PRODUCTION

Poultry industry in Nigeria is fast evolving and highly profitable, driven by the increasing demands for poultry birds such as broilers, layers, cockerels etc. Poultry feeds are made up of a number of meals which includes protein, carbohydrates, fat, vitamins and other additives such as oxidants, flavouring agents, colour and antibiotics. Depending on the target, you can produce chick mash (20% protein/energy and 2640 ME-kcal/ kg), grower mash (16% protein/energy and 2,330 ME-...........

37. RICE MILLING

This business is more profitable in rice farming and production areas. Your mill will be processing parboiled rice (dried) to remove the chaff. The milling machine separates the rice from the chaff and the end result is the so-called “local rice”. You will have patronage from rice farmers and commercial rice traders. The demand is high during the harvest season and is fairly constant throughout the year since demand for local rice is high in Nigeria.


38. RICE HULLING PLANT

Hulled rice is also known in Nigeria as ‘foreign rice’ or ‘uncle benz’. Many Nigerian households especially middle/high-income earners subscribe to the consumption of hulled rice. It is also used for cooking during occasions due to its sharp appearance. The production involves the removal of rice husk through aspiration. After that, the rice is separated from the bran and polished.

39. CHARCOAL/FIREWOOD PRODUCTION

Millions of households in both the rural and urban areas make use of charcoal for cooking because it is less expensive and more efficient than fuel. A substitute for charcoal is firewood which is highly lucrative. Apart from household usage, this source of fuel is constantly demanded for commercial cooking i.e. for weddings, anniversaries, festivals, restaurants among others. Nigeria has a good spread of forest where timber can be felled to produce charcoal or firewood.

40. BASKET PRODUCTION

Basket has been and is still the major means of conveying agricultural produce from farm to stores and distant markets. Although baskets are being replaced with sacks, some agro products cannot be effectively handled by other means without a basket which provides some form of oxidation for the commodities. The primary resource for basket production is the palm trees (raffia and date palm) which are available in commercial quantities in modern farms and urban areas. With a well- established market structure, you will be producing baskets to meet the soaring national demand.

41. AGRO PACKAGING

Majority of the crops produced in Africa are usually sold in their raw and unpackaged forms. Due to non-packaging, they are poorly handled, difficult to market and present low prices. Through packaging, agricultural products can be better preserved, handled and attract profitable prices. This business will save farmers the occasional loss of some agricultural produce. The demand for this business is high, considering the constant demand for agro commodities.

42. PACKAGED GINGER SALES

Ginger has a high demand in Nigeria and forms vital components of other products such as beverages and spices. Ginger is readily available in Kaduna, Benue, Gombe and Niger state among others. Ginger can be processed and sold in powdery form or sold in its dried/ fresh form to various consumers within and outside Nigeria. Most Nigerians have made considerable income exporting ginger to other countries.

43. PACKAGED DRY MUSHROOM BUSINESS

Mushrooms are perishable crops, a disadvantage which discourages farmers from its cultivation. Research has shown that mushrooms can be air dried to a moisture level of 12% and preserved for a period of one year. This firm can cultivate its own mushrooms or buy from producers, dry and package the mushrooms for long distance and out of season sale. Oyster mushrooms are usually used for this….

44. EGG SUPPLY

The market for egg is constantly expanding in Nigeria, Ghana, South Africa, Zambia, Zimbabwe, and other countries in Africa. Egg is not only consumed directly but utilized in the production of snacks and other consumables. On the average, egg supply businesses record an annual revenue of over N2,160,000 by supplying 50 crates per week.


45. MEAT SUPPLY

On a daily/weekly basis, restaurants, hotels, bakeries, event managers and the household make demands for meat which could either be poultry, goat, cow or fish as the case may be……



46. SEEDS SALE

Globally there is a shift in demand from traditional seeds to hybrid seedlings due to its disease resistance and high yielding potential. For every crop; from short term crops like maize, to long term plants like palm trees, there are hybrid varieties that are becoming more useful to farmers. With this business in the rural or urban areas, you will take the lead in the sales and supply of hybrid crops i.e. cassava, maize, beans, rice etc. to small, medium and large scale farmers….

47. AGRICULTURAL TOOLS SALES

Aside the conventional agro-tools such as the crude implement like hoe and cutlass, modern farm implements are in top demand. Besides the sales of these modern farm tools, the business can also engage in farm implement rentals which will yield a long term profit for the enterprise.

48. AGRO CHEMICALS SALES

The demand for agro chemicals by small, medium and large scale farmers in recent times is increasing. Chemicals are used to control pest and weeds during pre-planting and post-planting periods. Agro chemicals are classified as herbicides, pesticides etc. The average farmer in Nigeria uses an average of 15 agro chemicals and more depending on the size of the farm.


49. AGRO COMMODITY DISTRIBUTION

There is a huge gap between local agricultural commodity producers (farmers), wholesalers and retailers in different geographical locations. Improving the distribution of agro commodities from the point of production to the point of consumption has been a serious challenge to most African economies. Your firm will be linking farmers of key commodities, purchasing at relatively low prices and selling to a network of wholesalers in other parts of the nation.


50. AGRO PRODUCT SOURCING FIRM

Agro processing firms have constant demand for agricultural commodities which are basic raw material input for production of finished agro products. Apart from sourcing agro commodities for local agro allied industries, you may also source for and supply to companies within and outside Africa. You may also source for products and supply to regional wholesalers and distributors after establishing links with your clients in the rural areas for product availability.


WHY NOT GET THE EBOOK?

The above ideas as earlier noted are extracts from the ebook, Top 500 Business Ideas. Each idea has an overview, startup cost requirement, operating cost implication, market and revenue estimations to enable you make a decision.

The Top 500 Business Idea eBook has over 400 pages of creative business ideas across multiple sectors and is available at a discounted rate of N3,000.00. Simply request for payment details on Whatsapp (+234-706-818-0074), make payment and receive a soft copy via WhatsApp.

N.B: The payment is only for the SOFT Copy of the book.

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