If you’re thinking of getting into the agricultural sector but worried that may not make any money, I have some good news for you. Apart from domestic demand, the agricultural industry brings in huge export prospects. However, to make money from an agricultural business, you need to have the knowledge of farming practices as well as some experience in developing a business.
1. Soya Beans Processing
Soya beans can be processed commercially to produce soya flour, milk, soya sauce, soya bean oil… It is a very profitable agricultural business idea and requires moderate capital to start. With a good marketing strategy, a determined entrepreneur can start this business on a small scale and grow it.
2. Musroom Farming
Mushroom farming can be financially rewarding in just a few weeks with considerably low start up capital investment to start a business. The cultivation of mushroom is an art and requires both study and experience. It offers better returns than most agribusinesses in Zambia. Click here to find out how to grow mushrooms.
3. Medicinal Herbs Farming
Growing medicinal herbs commercially can be a profitable agricultural business idea. Marijuana is not yet legal but other herbs include tansy, blood flower, hyssop, alfalfa and wild quinine. This business venture doesn’t require huge capital but marketing is key. You can approach manufacturers regarding ingredients they use that you could consider producing.
4. Sunflower farming
A sunflower farming business is often called a commercial cash crop. If you’re really passionate about agriculture and have enough land, you can start a sunflower farming business. The sunflower is an ideal multipurpose plant. The flower head has hundreds of tiny inflorescences grouped together into what appears to be a single flower head. Click here to find out why you should consider growing sunflowers.
5. Goat Farming
Due to its good economic prospects, rearing goats commercially has been gaining momentum for the past couple of years. Goats don’t require high initial investment in comparison to other livestock in Zambia. Furthermore, Zambia exports most of it’s goat products. So, if you have a herd of goats or are planning to start raising them, there a few things you need to keep in mind.
6. Bee Keeping
The beekeeping business is one that requires skill. The opportunity demands day-to-day monitoring. With the increasing awareness about the health benefits of bee products, demand is on the rise globally. Bees can be kept for selling honey and other products such as wax. The advantage of this business is the fact that you don’t need to have lots of land to start. You can even provide pollination services to other local farmers who need it.
7. Potato Powder
Potato starch and potato flour are two value added potato products that bring in valuable returns to food processors. And, a smart farmer trying to diversify knows that the global consumption of potato as food is shifting from fresh potatoes to added-value, processed food products. Potato powder is used as a thickener or base in the preparation of gravies and soups. The processing method is also not very complex. Click here for details.
8. Fruit and Vegetable Export
Fruits vegetables export business demands an adequate knowledge about foreign markets. If you are living in an area with good fruit and vegetable production, you should consider starting an export business starting just from your local growers. The export import sector is hugely organized and you will get sufficient data in your hand. The most beneficial part of this business is, you can start this venture from your own home.
9. Livestock Feed Production
Livestock feed production business can be initiated with proper planning and know how about the right mixing formula. Most of the livestock farmers are always searching for right food and food supplementary product for their farm. With good research and a good formulation, the sky is the limit.
10. Spice Processing
There rising demand for well processed spices not only locally but globally too. Processing and packaging methods are not too complex and the returns are also very satisfying.