Small Farm Business Ideas With Little Capital
- 1 Small Farm Business Ideas With Little Capital
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Agriculture is the science and art of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Pigs, sheep and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture into the twenty-first.
Nigeria is not only blessed the natural resources, but with cultivable lands that can be cultivated with various kinds of crops. We have the resources to breed animals, in terms of water and feeds.
In view of this, the problem most Nigerians faced in agriculture business is financing and technicalities, that is why in this article, we are going to highlight five of the startup agriculture business that needs a little capital to start and operate.
Small Farm Business Ideas
1. Plantain Plantation
Nigeria consumes lots of plantain, in forms of chip, fried or boiled or roasted, which is usually sold at the roadside. This is a very lucrative business as it is consumed at a high rate, and you will not spend much in operational cost. The essential requirement is the land, and you can rent a land in the rural area where it is cheaper.
Plantain plantation is easy to maintain as less time is needed to maintain and operate the farm after planting the sucker.
2. Fish Farming
Fish farming is one of the fast-growing agriculture business across the country. Fish farming is very complicated as you need considerably technicalities like checking the acidity of the water when to change the water and a lot more.
The reason fish farming is becoming popular despite the many technicalities involved is that more experts are making themselves available to those who want to start the business, especially as government supports the initiative providing supports for fishing farming.
Fish is considerably consumed, and with its health benefits, it is a very profitable business.You can start fish farming on a small-scale as you can acquire various sizes of the fish pond or tanks to use if you cannot dig one. On the other hand, preferably hire a fish pond which has become common and supported by the government.
There are many kinds of fish growing in Nigeria, however, many people like catfish because its meat is juicy, soft and tasty. However, not everyone knows that this fish can be grown quite easily even at a small fish farm, you can even organize catfish farming at home.
There’s a very high demand for catfishes all year round. The demand is highest from football viewing centers, restaurants and market women who buy in bulk and sell in retail either as live catfishes or smoked catfish. Individuals also demand catfishes too for personal consumption. With catfish farming, you’ll never have any problem selling your products.
Poultry business which involves raising of birds for their meats, feathers, and eggs. Poultry is very common, and it is one of the easiest agriculture business to start with little capital as you can start on a small-scale with few birds and watch them multiply.
Poultry is very profitable as you can sell the birds for meat, or you can sell their eggs.Unlike some other agro Business,
You can start making money from poultry in less time as soon as your birds start laying eggs.
4. Animal rearing
This is very familiar in the rural areas as you see animals roaming around. However animal rearing like rearing goats, rabbit, snails, pigs are becoming very common in the cities as people build pens and the like to house these animals. You can start with two animals as they breed and produce more.
5. Feeds Distribution
A very lucrative business is distribution of animal feeds. As people go into fish farming, poultry and animal rearing, the needs for animal feed has increased. This is why the distribution of animal feeds both on a retail, and wholesale scale is very profitable.
6. Cassava Farming.
With the increasingly diverse use of cassava products in Nigeria, cassava farming is getting more lucrative with every passing day. This farm product has always been a source of lively hood and food for millions of Nigerians. 90% of Nigerian households consume cassava products every day. Some of the popular meals made out of cassava are: garri, wheat-flour, animal feed, commercial caramel, and a lot more.
As the population of Nigeria and Africa as a whole continues to grow, the demand for cassava products will continue to skyrocket, leading to higher revenues generated by cassava farmers. If you’re looking for an agricultural business that would ensure you always almost sell out all your harvests, cassava farming is one great farming business to start.
7. Rice Farming.
Nigeria is the largest producer of rice in West Africa and the third in Africa after Egypt and Madagascar producing about 3.6 million metric tons on the average annually. Interestingly, Nigeria still falls short of meeting its local demand which is placed at about 5.5 million tons.
Considering the fact that Nigeria has a huge market for rice, if you are looking for a lucrative agricultural business idea in Nigeria, you need to seriously consider entering the rice farming business which is undoubtedly one of the most profitable businesses in the Nigerian agricultural sector.
8. Snail Farming.
Snail farming is considered to be one of the most lucrative agribusinesses you can start with low capital in Nigeria today. Yet, it is one of the most neglected animal rearing business in the country. Snail farming in Nigeria provides one of the finest opportunity to make money within a short period of time.
Snail farming is a niche and unusual business type of business. It’s very expensive to buy snail to eat because snails are very dormant during the dry season, they become increasingly scarce during this period and the market is starved of adequate supply until the next wet season
9. Maize Farming.
The Maize farming business has definitely been thriving in Nigeria for decades. Maize, which is also commonly known as corn, is one of the most popular food crops in Africa. Maize is cooked in various ways and millions of Nigerians rely on this crop because it usually costs less than wheat and rice and other common grains and cereals.
The importance of Maize production in Nigeria cannot be overemphasized. A lot of by-products are gotten from Maize. Maize production gives birth to a lot of other consumables and some of them are: Pap, Custard, Corn Oil, Alcohol, Cornflake, Animal/Livestock Feeds, Corn Flour, Corn Starch, Corn Powder.
10. Pig Farming.
Pig farming in Nigeria is one of the lucrative and profitable livestock businesses. Commercial pig farming is beneficial due to the fact that pigs are prolific breeders and can deliver 10 to 14 piglets in a single birth.
Pig meat (pork) has an excellent demand since the red meat is a good source of protein and tasty as well. The pork market in West Africa alone accounts for about $3 billion consumption value. 80% of that is sourced by importation. That is a lot of untapped revenue.
11. Honey Bee Farming.
Honey bees can produce lots of honey, and selling honey can be a lucrative business for people who aren’t allergic to bee stings, who don’t have a lot of money, and who have a little space in their backyard to farm their honey bees.
Honey is one of the oldest sweeteners on earth. Lucky for us, it also has many health benefits and uses. Keeping bees at the large scale for commercial purpose as a business plan is increasing in this fast growing world.
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