Today,
we will be explaining how you can make money from venturing into Agriculture,
actually there are many ways to make money in Agriculture, in this write-up, we
will be sampling them one after the other.
Before
we go into that, we want to talk about those things you must put in place
before starting up an Agricultural enterprise. They include:
- You must have the necessary knowledge:
In every venture in life, having the necessary knowledge and skills is a most.
Agro business is not an exception, whatever aspect of Agriculture you want to
explore, you must have the basic knowledge. You can have the knowledge yourself
or employ experts who can help you out. The choice is yours.
- Location: If you are going into
production, you need to settle the issue of your farm location, where will it
be? How accessible is the location? How close is it to your prospective market?
etc. you need to have that settled.
- The Market: There is no business that
will thrive without a steady market, you need to find out where your market is,
who will buy? How do they want it? And what quantity do they want?
- Your Niche: This will lead us to the
main topic of the day. Your Niche is what you want to specialize on, and we
will treat that extensively next. Please read on.
AREAS YOU CAN SPECIALIZE
-
Production: Whether it is crop or animal production, once you have
settled the points earlier discussed, you are good to go, as long as there are
people on earth, there will always be need for production of Agricultural
produce. In subsequent posts, we will delve into production proper.
- Supply: This is a
very lucrative aspect of Agro business, in fact, some suppliers make more
profit than many producers. If you want to go into Agro business, it is advised
you start with supply, since it will give you broad knowledge of the market.
- Breeding:
Breeding is the use of scientific methods to produce improved/better
varieties/breeds of plants/animals. In Agriculture, breeding is broad field on
its own, which is very lucrative now due to technological advancements and
changing human desires.
-
Consultancy: Once you have gathered good knowledge/experience in any field
of Agriculture and you have been certified by the relevant professional body,
you can begin to give expert advice to prospective farmers for good fees.
- Input
supplies: You can decide to sell Agricultural farm inputs, raw
materials to those who are into production or supply, in which case, you are
not directly involved in production.
-
Teaching/Lecturing: You can teach Agriculture at Higher institutions,
Secondary and Primary schools, today, lecturing jobs pay well and you might
want to give it a thought.
- Processing: You
can go into processing Agricultural produces from raw to finished products or from
liquid to solid state to enhance shelf life. Today there are a lot of people
making money from the conversion of liquid egg to powder. This is a neglected
area of poultry business. So think and think big, wide and beyond the margin.
There are opportunities out there, cease them
These are some of the many ways you can make money as an
Agriculturist, with advancing technology, other ways of money making in
Agriculture are springing up daily. Take your time to choose a Niche.
N.B
It is strongly advised that you carefully study your
environment to look for that Agricultural services that is highly needed in
your environment and is not readily available or available in insufficient
amount. You can start by rendering that service instead of joining the bandwagon
which may not yield the desired results
Subsequent posts will
follow soon.
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