Money Making Agriculture Business Ideas In India
The overall financial condition of agricultural labors is not very rosy. The small size of the farms and unavailability of the farming implements make crop production rather challenging. Adding to this is the red eye of the climatic conditions. But this does not mean that the farmers will have to go to bed on empty stomachs. Agriculture is the core business, but it is not the only option that the agriculturists have at hand. There are several avenues, which are closely related to agriculture and can be suitable alternatives for crop cultivation. The best part is, these ventures will bring in more money in the pockets of the agricultural labors. Here is a list of such lucrative agriculture-based business ideas, which are gaining ground in India:
- Poultry farming – Doctors suggest that white meat or chicken is a healthier choice than red meat. Apart from this, it is also an affordable source of protein. Operating a poultry farm is one of the most lucrative business ideas, related to animal husbandry. The demand for chicken is high in both rural and urban areas. Running poultry means you will also be able to sell eggs. For non-veg lovers, it is impossible to think of beginning the day without an egg. You must take necessary precautions to keep the chickens free from diseases. The more effort you put in, the better will be your income.
- Beekeeping – People, following the organic or vegan diet, will only use organically produced honey. Beekeeping is labor intensive, but the market price of honey will make all the hard work worth it. Alongside honey, you can also sign a contract with companies, which require the beeswax. The cost of beeswax is also very high in the market. Patience and hard work are the two things you will require to make a handsome profit in the honey business.
- Pisciculture – Another agri-based activity that is very lucrative is pisciculture. It is the artificial breeding of fish for commercial purposes. The high demand for fish in India paves the path for the development and success of fish farming. It is rather capital intensive, but once production starts, you will not have to look back.
- Floriculture – The climate of India is not favorable for growing exotic flowers. Floriculture is only possible in the cooler hilly areas or artificially monitored greenhouses. Growing exotic flowers will find ready buyers in the flower market. These flowers come with a high price tag. If you want to make more profit, sign contracts with cosmetic companies, which need these flowers for their essential oils.
- Sericulture – Silk is a mark of sophistication. Indians love to wear silken garments on important occasions. But raising silkworms is the only way to acquire natural silk. The damp climate of the Eastern Coastal Plains makes it an ideal place for developing agriculture. A lot of hard work and maintenance is necessary to ensure that the cocoon matures, and leaves behind the silk threads.
- Dried flower business – Flowers lose their beauty when they are dry. With smart thinking, you can make thousands of each month by supplying dried flowers to the right places. Dried flower petals are required in the oil and perfume manufacturing factories. They process these dry petals in chemicals and extract essential oils from these. The residue can be used as animal fodder. Dealing in dried flowers is one of the fastest growing businesses in India.
- Mushroom farming – As mentioned, people in the urban setting are experimenting with their lifestyle and food habits. Once seen as fungal growth, the mushroom has made its way to the dining plates of the rich and famous. However, not all types of mushrooms are edible. A mushroom farming enthusiast will be able to start this business with very less money. Apart from being cheap, the crop will be ready for packaging and selling within a week. The farmer must ensure that the mushrooms get the right temperature and moisture to develop.
- Herb farming – Most of the poor rural farmers fail to make adequate money from their yields as they have small farm plots. Opting for traditional and commonly grown crops will not fetch them a high price. The purchasing power of the people, living in the cities is high. They possess the resources to try new dishes. All continental recipes require substantial use of different types of herbs. Some of these herbs and spices can be grown in the Indian climate. Replacing traditional crops with these exotic herbs will ensure a higher income. The rate at which urbanization is spreading; it is safe to conclude that the demand for exotic herbs and spices will not go down anytime sooner.
- Vermicompost Fertilizer Production – Some people also call this process vermicomposting. In simple terms, it is the rearing of earthworms. A farmer can start this agro-based venture with very low investment. Adding fertilizer to the is a must if you desire better yield. The earthworms will come in handy to break down all sorts of organic matter. It will only speed up the organic fertilizer-creation process, but will also make the compost more potent. Using chemical fertilizers is harmful to the crop and the soil. Thus, the demand for vermicompost has gone up significantly. Engaging in this organic manure business will triple your current income.
- Fertilizer distribution – Though the paths and platforms of fertilizer distribution are looked after by the government, one can become a registered fertilizer distributor in the local areas. You will acquire organic as well as safe chemical-based fertilizers from the government stores at a low price, and sell it with some profit margin. The selling price will be decided by the government to ensure that the poor farmers are not oppressed.
These are only some of the alternate ventures that the farmers can try. Even the central government has opened several training facilities for those who are interested in increasing their income by getting engaged with these activities. These training sessions will offer theoretical as well as practical information to the candidates. Applicants will not have to pay any fee for the training as these courses are organized by the Department of Agriculture of Indian Government.
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