AGRICULTURE BUSINESS IDEAS FOR YOUNG ENTREPRENEURS

As a young entrepreneur, there are unlimited opportunities in the agricultural sector you can key into due to the demand for agricultural products both in Nigeria and the world at large. The demand is always on the high side because food is one of the basic needs of man. Thus, as an entrepreneur, you can key into this demand and set up an agro business, creating enormous wealth for yourself.

Before you Start

The best way to get started in agriculture is to find and learn from people who are already involved in it. The first hand, hands-on knowledge far outweighs anything you will read from any book.

Before you plant that first seed, take the time (lots and lots of time) to figure out where you’re going to sell your products, who is going to buy them, and how you’re going to do it.

AGRICULTURE BUSINESS IDEAS

1. FRESH VEGETABLE BUSINESS

The fresh vegetable business is a small-scale business that you can start with little or no capital base. One benefit of this business is that it requires no cost of maintenance to run the business. Also, there is always demand for fresh leafy vegetables like; the Waterleaf, Scent Leaf, Ugu leaf and Green.

To run this business, you need a small space in your compound or nearby farm where you can cultivate the vegetables. For cultivation, you only need to plant the stem of the vegetable. It takes six weeks or less for the vegetables to mature for harvest. You cut the leaves and sell to consumers and marketers.

2. CUCUMBER FARMING BUSINESS

Cucumbers are the 14th most planted vegetable in the world. They are juicy, nutritious and favored by many people for their many health benefits. Cucumber farming is a very lucrative business as entrepreneurs who are already in the business will testify. The right time to start is now!

 

 

3. POULTRY FARMING – BROILERS

This is for meat production. The good thing about broilers is that they take very little time to mature. The best time to start this business is February against Easter sales and October for December sales.

Cost Implications

The cost of a day old chick is N125, while a week old chick goes for N250. It is advisable to go for a week old chicks because they have a higher survival rate than the day olds. The bulk of your expenditure should go on feeds for the chicks for the duration of 3 months. At maturity, a chicken can be sold for between N2,000 and N2,500. If only 35 of your chicks stayed till maturity, you can make N70,000 after sales. These prices are relative, of course, and are subject to time and place. But it gives you a general idea about how lucrative this business could be. You don’t need any specialized skills to start, just your determination to succeed and willingness to learn.

4. POULTRY FARMING – LAYERS BREEDING

Here you are breeding your layer chickens with the major aim of having them lay eggs. It takes more time and costs a bit more money for this business to mature but here is the good thing: it gives you two major sources of revenue. You sell the eggs, which is very lucrative anytime, and when the layers become weak, you sell them as well.

 

5. POULTRY FEED PRODUCTION

You could start feed production and supply feeds to all the poultry farms around you. Feeds is a major money spinner in poultry business because for chicken to grow they need to eat, a lot. It requires that you know a lot about poultry farming and what constitutes the feeds. Again, learning from people who are already in the business saves you many mistakes downtime.

 

 

 

6. POULTRY FARMING – HATCHERIES

There are people who specialize in hatching day old chicks for poultry farmers. Because of the demand on poultry farmers to grow more chicken, hatcheries are usually booked round the clock. This is an opportunity for more people to enter this line of business because in poultry farming, it’s rare for one farm to be involved in all processes. Specialization is key.

7. POULTRY EQUIPMENT MANUFACTURING

These are usually skilled artisans who construct various equipment needed on the poultry farm – welders, carpenters, electricians etc. You can learn the various specifications needed for the poultry equipment and you are in business.

8. CHICKEN AND EGG DISTRIBUTION BUSINESS

This basically involves bridging the gap between poultry farmers and the consumer market. It is very lucrative and requires relatively little money to start-up. You can focus only on chicken, eggs or both. You meet poultry farmers, buy their stock and resell them in the market to wholesalers and retailers. It does not need any special skills, only your marketing abilities and a working vehicle.

9. CASSAVA

Cassava is used for producing flour in Nigeria and can be used as partial substitute for imported wheat flour in bread and confectioneries, starch, sweeteners, chips and ethanol. Reports show that thirty bakeries including international supermarkets like Shoprite and park n shop regularly sell cassava-wheat flour bread.

10. RABBIT REARING

There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a good source of additional income, food and employment; thus reducing poverty, hunger and idleness. Rabbit do not compete with humans for food, as kitchen leftovers, cut grasses and formulated or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.

 

UPDATES  FOR MORE TYPES OF AGRO BUSINESS SOON

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