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How To Start An Agricultural Business And Make Money In 2020

How To Start An Agricultural Business

How To Start An Agricultural Business

Introduction.

One business that has been given to mankind right from creation is the art of agriculture.

During my early days in high school when I used to offer agriculture as a subject in my first topic at that time, we were told of the history of Agriculture as an occupation of the first men.

One story we were told that the early men were wanderers and all they did was scavenge for uncooked meat, I was told that agriculture started when they would discard any seed they got from any crop they had eaten from and leave the place to scavenge for things to eat and after a very long time they would return to that same spot and discover that it had become a replica of the full tree that they plucked the first seed from.

That was basically how agriculture started, you see what an interesting story.

Aside from the fact that agriculture is overlooked and underrated that even the information age born child hates to hear about it as a subject left alone study it, this does not mean that it is entirely useless, one of the essential needs of mankind is food, so let me tell agriculture is very good business because without food no man can stay alive, so if you are seeking a stable income business then it’s time to dive into agriculture.

What is Agriculture ?.

Agriculture is the science and the art of plant and livestock raising. Agriculture was a key development in the growth of sedentary human civilization, through which farming domesticated species created food surpluses that allowed people to live in cities.

Agricultural Facts You Should know.

Here are data, insights, and facts that you need to know before getting started with agriculture.

1. Ninety-nine per cent of all U.S. farms are owned by individuals, family partnerships, or family corporations.

2. Farmers will have to grow 70 per cent more food than what is currently produced to feed the world’s growing population by 2050.

3. Each American farmer produces food and fibre for 165 people annually, both in the U.S. and abroad.

4. Women make up 30 per cent of today’s farmers.

5. Cattle and calves, corn, and soybeans are the top 3 U.S. farm products.

6. A whopping 40% of all food grown and produced in the U.S. is never eaten.

The above-stated stats are more for the US, here are a few stats I was able to get on the present state of Agriculture in Nigeria.

7. The availability of loans to Nigerian farmers is just 3.9%

8. Nigeria consumes 6 million tonnes of chicken every year, but we produce only 1.5 million tonnes

9. Nigeria is the largest producer of shea nut and its shea qualifies as one of the best in the world.

10. Nigeria has 84 million hectares of fertile land and also boasts of two of Africa’s largest rivers.

11. Agriculture accounts for about two-thirds of Nigeria ‘s jobs (120 million people), contributing at least 22 per cent to the country’s economic growth.

Why you Should Start an Agriculture Business.

With the above-stated facts, I must understand that you are still thinking about why you should invest largely in agriculture.

Here is why I decided to explain further, or else you might just be missing out.

Here are a few reasons why you should invest in agriculture.

1. Agribusiness Is Very Scalable. You Can Start With What You Have.

Whether you own plot of land or 10,000 hectares, agribusiness is one of the 
few business opportunities that allow you to start on any scale, with whatever you have. 

2. The agricultural sector is a huge Job creator.

If you’re looking to start a business or invest in an industry that makes a significant social impact, provides jobs, and creates sustainable wealth, agribusiness is surely the way to go.

3. Africa Has Abundant And Cheap Agricultural Land.

According to the World Bank, sub-Saharan Africa is home to nearly 50% of the world’s fertile, accessible and uncultivated agricultural land.

The area is over 200 million hectares. That is why the continent is now widely regarded as the future breadbasket of the world. It is this vast abundance of land resources that gives Africa the strategic potential to feed the world.

How To Start An Agriculture Business.

Now from the above-mentioned forms of Agriculture, I hope you are beginning to understand where I am coming from.

Now, how do I start an Agriculture business?

1. Choose or practice a single form of agriculture.

There are over 7 forms of agriculture, but you have to decide on which one to venture in, you can choose to do both but I highly recommend you start with one so that you can learn and understand how the whole process works because this can help you analyze and optimize.

Now I must assume that you are ready to get started with an agricultural business but you must have it in mind that there are various forms of agriculture, it’s left for you to decide which one you want.

1. crop farming.

Crop farming can refer to a business or enterprise in which agri-entrepreneur ventures in the commercial production of crops.

2. Livestock Farming.

Livestock Farming is an agricultural setting to produce labour and commodities such as meat, eggs, milk, fur, leather, and wool.

3. Fish Farming.

Fish farming or fish farming involves fishing commercially in tanks or enclosures, such as fish ponds, typically for food purposes.

4. Horticulture.

Horticulture is the production of flowers, fruit and vegetables, and ornamental and fancy plants.

5. Heliculture.

Heliciculture, commonly known as snail farming, is the process of raising edible land snails, primarily for human consumption or cosmetic use.

6. Apiculture/Bee Keeping.

Apiculture is the management and study of honeybees, derived from the honeybee’s Latin name Apis mellifera, meaning ‘honey gatherer’.

The cultivation of bees on a commercial scale for the production of honey is called apiculture

2. Get the right knowledge.

If you did Agriculture in high school I must tell you that it’s not enough knowledge.

you can go along if you studied it as a course in college because you pretty much did something deeper.

But if you do not know then I suggest you go for a mini-course or consult the government in your country.

You can as well lookup online resources on YouTube or paid courses on Coursera and other learning platforms.

3. Register Your Business.

No matter where your business operates, you need to abide by the laws of the land and this is a major reason why you have to get your business legally registered with the government of that nation.

4. Get Grants.

A business grant is a sum of money given to a business to help them further their business. They’re usually distributed by governments, corporations, foundations, or trusts. Like several other forms of business financing, grants do not have to be repaid, and business owners are not expected to give up equity in return for a grant.

Most people have an interest in Agriculture but have little or no start-up funds, for this set of individual I highly recommend you consult local or international grants in your country.

If you don’t have enough start-up capital then you can apply for business grants.

Here is an article I wrote on how you can access international grants.

How To Promote Your agricultural Business.

Now that you have taken the bold step to start cultivating or rearing animals the next step is to start deploying promotional strategies.

1. Word Of mouth.

This type of marketing deals with telling close friends and associates about what you do, in cases of agriculture you can reach out to big market retailers that you can supply them at a very cheap affordable rate.

If they can get it to them at a quick and fast rate then they become customers.

2. Use Google My Business.

Google My Business is a free resource that helps small businesses build and maintain their Google listings, which appear when consumers seek out companies on Google Search and Maps respectively.

3. Own A Website.

A website would help your business become visible to the world and even help you access international attention, you never can tell you can get deals to export you produce.

Just before diving deep into the basics and hardcore part of owning a website or running a blog, allow me to assume that you at least have a basic knowledge of how a full website or a blog should run, so therefore it’s time to stop talking and start doing.

I decided to drop a dedicated article on how you can own an awesome domain name and a cheap web host with BlueHost and I recommend that you study and do what is advised in the article below.
Afterwards, you may return to fully digest the part you need to get started and stay on top of your game.

Here is a link to the recommended article.

4. Social Media.

Social Media is one of the very popular business tools that every business should own.

All you need do is to take your business to social media platforms like Facebook, Twitter and Instagram.

Here is an article I recommend you read to get started with the use of social media.

5. Email Marketing.

Email marketing is the act of sending promotional emails to an already built list of email subscribers.

If you are new to email marketing, here is an article I recommend you read to help you get started.

Just before going to consume the above-recommended content on email marketing I usually like to ease the stress of my reader to allow them to benefit as quickly as possible, and one way that I usually make this happen is by introducing the best way of doing things to them.

It is my custom and tradition to always conduct a full forensic investigation on any online program and give my users feedback, this is more reason why I am recommending GeResponse as your official email marketing software.

I have used GetResponse and I must tell you that it is indeed an amazing company that is constantly innovating and building great products.

I highly recommend that you read this article below to learn more about how you can also benefit from this amazing product and scale your email marketing campaigns to success.

6. Sign up on International Trade platform.

International trade platforms are one that connects local producers of any commodity to buyers all across the world.
One of the fastest means to make money in Agro-Business is to start exporting and the best way to reach out is to make use of international trade platforms.

some international trade platforms are.

1. Alibaba.com

The Alibaba Group is a Chinese private company headquartered in Hangzhou, dedicated to e-commerce on the Internet, including business-to-business, retail and customer portals.

Website – Alibaba.com

2. DHgate.

How To Start An Agricultural Business

DHGate sells more than 30 million goods in 227 countries around the world. It has more than 5 million customers worldwide and is actually one of the 2100 most visited websites on the Internet.

Website – Dhgate.com

3. Global sources.

How To Start An Agricultural Business

Global sources are one of the first B2B platforms to be listed in NASDAQ under the name GSOL.

The B2B platform is famous for its high-quality suppliers from different industries.

Established in Singapore in 2000, Global Sources promotes foreign trade, concentrating primarily on getting traders around the world closer together.

Website – Globalsources.com

4.EWorldTrade.

How To Start An Agricultural Business

EWorldTrade is a popular online B2B marketplace that has evolved quickly and is providing a modern and better way for buyers and sellers to meet each other.

EWorldTrade is a U.S. affiliate of Reckon Media LLC, specializing in digital media and technology services.

Website – eWorldtrade.com

5.Made-in-china.

How To Start An Agricultural Business

Made-in-china was founded in 1996; it is one of the most popular online portals in the world and one of the largest online B2B portals in China.

Focus Technology runs it, and the key purpose for Made-In-China.com is to provide small and medium-sized businesses with easily accessible and enhanced web-based trading platforms to facilitate Chinese trade across the globe.

Website – made-in-china.com

Recommendation.

Apart from providing Agro-based services in your local country I usually recommend that you look out ways to start exporting to foreign countries all around the world.

one major advantage of this is that you stand to gain at a higher profit margin than selling locally.

Here is an article I recommend you read to get started with exportation.

Conclusion.

Agro-Business is a huge money-making business that is going to be around till the end of man, you can either choose to farm out those products or even venture into agro-packaging, there are a lot of farm produce that does not have a very long life span and are easily damaged
due to very low patronage, one thing I recommend you do an agro-entrepreneur is to start packaging those agro-products.

What do you think?

Written by Udemezue John

Web developer| Digital Marketer| Entrepreneur.

I love sharing great things

You can connect with me on twitter @_udemezue

Comments

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  1. Great Article! I think you could even start a florist business where you grow your own flowers to use in different products and arrangements. And also spice farming. There are also plenty of different plants you can grow that will allow you to create various spices that you can process and sell.

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