Do you know that Agricultural businesses are the most lucrative businesses in the world? Apart from the low-cost of start up and running the business, agricultural businesses turn out a huge profit of up to 100%. With the increase in unemployment, young people are now embracing agriculture which was erstwhile considered a dirty business reserved only for the poor.
The trending challenge and impact of rural-urban migration have continued to generate great debates since the last three decades. Urban employment problems are a result of the phenomenal growth in urbanization and the inability of these urban centers to be able to utilize or absorb the urban labor that was created through the process of urbanization.
Agricultural businesses can be started with little or no training. You do not need a special degree to start though you may need to spend some time learning about the intricacies of the business. So without wasting your time, this article will highlight in details, some lucrative business ideas and opportunities you can engage in rather than remaining unemployed.
1. Urban Agriculture or Crop Cultivation
Urban agriculture is the practice of cultivating, processing and distributing food in, or around, a village, town or city. Urban agriculture in addition can also involve animal husbandry, aquaculture, agro-forestry and horticulture. Urban agriculture contributes to food security and food safety in two ways: First it increases the amount of food available to people living in cities and secondly, it allows fresh vegetables and fruits and meat products to be made available to urban consumers. Urban and peri-urban agriculture are generally seen as sustainable agriculture.
2. Rabbit Rearing
There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a good source of additional income, food and employment; thus reducing poverty, hunger and idleness. Rabbit do not compete with humans for food, as kitchen leftovers, cut grasses and formulated or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.
3. Foodstuff Retailing or Grocery Service
In today’s busy and sophisticated world, convenience has become a real business opportunity. Foodstuff like rice, beans yams plantain, potatoes, onions, pepper, oil etc. These items can bought in bulk, cleaned and packaged in specific portions and sold direct to end users. Many people who are unable to find time to shop will be relieved to know that they can just make a phone call and the groceries are delivered. Get a list of people you know who may patronize you. If you can get them to pay up-front, then you are better up with cash flow.
4. Fish Farming
Over the years, quite a few people have made fortunes from fish farming, as the population is swelling and protein needs are far outstripping the available supply. Food is always a winner in any country or environment if done well. Fish farming is a sure bet business if you put the right structures in place. More and more people are turning to fish for its low cholesterol protein. All you need to do is to get a space, buy or construct tanks, buy finger links for between N10 to N20 and feed them for 4 to 6 months, then sell from between N500 to N1,500 depending on weight and size. The breed of fish to train is your choice to make. You can choose to specialize on Catfish, Tilapia, Trout, Salmon, etc.
5. Livestock Feed Production
A lot of people are going into livestock farming like fish farming, pig farming, poultry farming and a whole lot of others. As a smart investor, you can start producing feed for people to feed their animals. However, you must ensure that you carry out a lot of research and come up with a product that is rich in nutrients and would promote quick growth and good health of the animals.
To start a livestock feed production business, you will need a grinding machine, mixing machine, weighing machine, customized packing bags and raw materials for production. Raw materials might cost you about $1,000 while the machines can be purchased for about $9,000.
The production process is not so difficult. The ingredients required are mainly, maize, soya beans, fish bone, sorghum, groundnut, blood meal, wheat, rice shaft, additives etc. All these can be sourced from the market, any animal consult outlet, or any agricultural product shop around.
6. Setup a Small Poultry Farm
Technology has enabled many to operate profitable poultry, yet make it free of odor that a neighbor next door will not know you operate a poultry farm. This is a business you can start from one room, car park or from that abandoned property near you with 50 to 500 birds, which cost between N100,000 to N500,000 depending on the cash at hand.
7. Frozen Chicken Production
Many Nigerians have come to depend on imported frozen chicken for quite a while now and this is in detriment of local poultry industry and the subsequent health implication because of the long voyage from Europe or wherever, the imported product are usually preserved with chemicals, some of which are said to be injurious to health.
A lot of people prefer not to go through the stress of slaughtering and preparing live birds because frozen chicken can easily be stored and used at will, thereby saving time; and many people think it is cheap too. Start-up requirement are space, knives, tables, basins, heat source, stove heater, soap, hand towel, extra hands, freezer and generator .You need to go directly to the chicken farms to source for your live birds cheaply You can also position yourself to supply small hotels, restaurants and eateries.
8. Snail Farming
Snail meat has been severally affirmed as a most safe and nutritious delicacy. In these days of increased coronary implications and other health implications, snail producers are certain to hit it big because many people are shunning away from beef or red meat. It is also pleasing to note that snail production venture could be kick-started with a little initial capital.
The best period to commence snail farming is the rainy season, you can start about 50 to 60 snails to have a good knowledge of how snail breeding works. Make sure you go for a fully matured and big nails as they are sold in bunches of 20 pieces and the prices ranges from N1,800 and N3,000 per bunch. It is better to buy the big ones so that you can expect them to hatch after about 35 days on location. About N10,000 should get a new entrant started in the business
9. Bee-Keeping and Honey Production
Honey is manufactured in one of the world’s most efficient factories, the Beehive. Bees may travel as far as 55,000 miles and visit more than two million flowers to gather enough nectar to make just a pound of honey. A litre of pure honey now goes for between N1000 to N2000.
You can sell your Honey to high net-worth individual, busy executives who prefer to take pure honey than sugar, I know some honey dealers who are ready to give out their honey at a ridiculously low prices, all you need to do is to package it for the local or international market.
10. Export Agricultural product from the rural area
Agricultural Export trading guarantees good returns on Capital on almost monthly basis. Exporting Wood charcoal, Palm kernel shell, Cow horns, Gallstones, Bitter Kola, Cashew, Ginger, Gum Arabic Chilli pepper, bitter kola, coconut, okro, yam, etc and earn good returns on investment. It might interest you to know that the gap between you and the millions of naira or dollar waiting for you in this business is nothing but the “basic understanding of an export business process.”
Understanding the fundamentals of an export business process especially as it concerns securing a genuine export order or contract with a well secured method of payment is the basic requirement in this business, and then you are on your way to making unimaginable loads of money.
You can also become an export broker which is one of the easiest and most rewarding ways any prospecting exporter can raise money to go into full time export business. Starting from a little or no capital, an export broker could earn large “finders fee” with absolutely unlimited income.
11. Source for agro raw materials for urban manufacturing companies
Despite the apparent growth in the number of indigenous players in the industry, there still remains the fact that no company has set up a basic active raw material manufacturing plant in Nigeria. Most of the raw materials being used by the industry in our urban centers are sourced from the rural areas, you too can be part of this opportunity by locating a manufacturing companies and start supplying them with raw materials based on their specification and quality. Approach the personnel in charge to provide you with appropriate information on how to be their supplier.
12. Help the Nigeria rural farmers who deal in foodstuffs to export it to the foreign Countries
Our foodstuffs are very cheap in the rural areas, you can bring this food stuff to the cites and tap into the local and the international market. Foodstuffs like Smoked fish, Garri, Beans Flour, Melon seed (Egusi Ground), Ogbono, Cassava Flour, Bitterleaf, Dried Ugu leaf, Pepper,Tomato paste, Hibiscus flower and Ukazi leaf. Others are, Hot Chilli Pepper, Ground nut , Kolanut, Potato, Ginger, Kilishi, Soybean Groundnut, Okra, Cassava, Yam, Bitter Kola, Ofada rice, Catfish, Shrimps, Pounded Yam Flour.
You can bring some of these food items to the markets in the urban centers, you can also sell to some food stuff exporters who are looking forwards to buy at ridiculously low prices.
13. Start connecting rural farmers with exporters using the internet
Can you browse the internet very well , can you chat online? If yes, then I want to congratulate you because you can connect the agro farmers in the rural areas with Nigeria exporters and earn a commission. A lot of exporters find it very difficult to get their desired agro product at the right quality and quantity, you can do this for them and name your price.
You can also join some online trade portals, secure a contract, sell the contract and charge an appropriate commission. A lot of Nigeria including my humble self earns commission by connecting the rural farmers to local exporters and I also help Nigeria secure good contract.