Most times when we talk about agricultural business, most people just looked at it at just the farming and rearing process, but they are so many aspect in agriculture that from earlier days of men, it has been one of the main source of employment and from of livelihood as well as sustenance for man.
There are many businesses that can be ventured into in agriculture, some of these are;
1. Crop cultivation: this involve the normal we are all familiar with, the process of clearing of land, planting and weeding and harvesting. This involve lots of work and many people are not too interested in crop cultivation as it is labor intensive and time consuming. It is very common in the rural area and few goes into it in large scale production with mechanized farming. The government in America and Europe encourages large scale, mechanized crop production by providing certain incentive.
2. Animal husbandry: this is a form of agriculture business that involves rearing of animals. It includes fish farming, cattle rearing, piggery, poultry and many more. It is very common nowadays especially in the cities.
3. Feeds business: as some people gets involved in animal husbandry and with the rate it is becoming common, a good business to venture to is selling of animal feeds. Companies are coming up in Nigeria manufacturing animal feeds and being a supplier a dealer is another avenue in agricultural field to explore.
4. Equipment leasing: in the process of farming or rearing animals some equipment are needed both in large and small scale production. Tractors, pumping machines, wheel barrow and other small farming equipment might be needed at one stage or the other as some farmers find it easier to hire some equipment as they are needed only on seasonal bases. So investing in agricultural equipment is another form of business especially in areas that areas where agriculture is the main occupation.
5. Financier: now this is one aspect that many people will be interested in as they may not like to go into agriculture directly because of the nature of the job or they have little or no knowledge of running the business. They may decide to finance the project with an agreement of percentage of the profit.
6. Land renting: this is very common especially in the rural area where people decide to rent their land especially for large scale production. Some may draw out an agreement to rent the land for a number of years depending on the type of cultivation or animal to be reared.
7. Consultant: some people based on their expertise especially graduate in the agricultural field can decide to lend their services and consult based on their knowledge and get paid for it.
8. Production of packaged products: this is another kind of lucrative business as one can buy the product cheaply in large quantities and process and packaged them properly after being processed. Recently lots of flour packaged products are flooding the market from yam flour, cassava flour, plantain chips, tomato paste and many more.
9. Production of juice and jam: Nigeria produce lots of seasonal fruits that goes to waste due to lack of proper storage. A good business venture will be production of fruit juice and jam. These fruits in their season of harvesting can be preserved and processed into juice that can be packaged and sold.
10. Agro chemical business: this involve manufacturing of chemicals that can be used as fertilizers, while opening and operating a fertilizer production company can be expensive, one can go into the supply part of the business.
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