Starting a business can be a daunting task; however, more and more people are gaining the confidence they need to do so. While most are looking to the internet to start their business, others are looking at sustainable business ventures that aren’t only good for humanity but also profitable for them.
As the world continues to grow, many people are looking for alternative and more sustainable ways to grow food. This means that the agricultural industry has become a prime candidate for business growth in recent years. According to recent statistics, the agricultural industry is worth over $10181.91 billion, with it set to grow another 6 percent in the coming years.
This makes the industry one of the fastest-growing industries globally and the perfect time to start a business within the sector. Here are the 4 most popular small agricultural business ideas
With an estimated 79 billion of the planet’s population identifying themself as vegan, a vegan food farm would be a great business venture for those who are interested in seeing growth in their business. Vegan food also has the added benefit of helping with sustainability and the environment.
This is one of the more ambitious business ideas on the list, but it’s worth the investment if you have the capital.
Microgreens are small edible plants that are usually used to supply restaurants with their dishes and salads. Their popularity comes from their aesthetic appeal and health benefits. Microgreen farming has the added benefits of being easy to grow and having a quick turnaround time.
Storage is also simple, as they can be grown in various places, for instance, a commercial building, a farm shed, and other places. This ensures that storage is never an issue.
If you’re looking for an agricultural business but have a wide-open space for it, you can start a hydroponic farming business. It allows you to grow crops with the use of nutrient-rich water instead of soil. This method is great if you’re looking for a company that has sustainability at the forefront of your mind due to the fact that this method helps to reduce wastage as well as pollution.
The fact that you don’t need land to start a hydroponic farming business means that this is a relatively low investment risk. However, like with all farming, although it seems that hydroponics is great for the beginner farmer, careful management is needed, and you will need to learn more about hydroponics before you start farming.
If you’re searching for an agricultural business idea that has low capital, herb gardening could be what you’re searching for. With more people taking an interest in what we put in our food, people are looking for local sources of herbs to add to their dinner. This is where your business can help.
An Herb Gardening business can be done anywhere from your backyard to a local allotment, and you can sell your products online or through the local farmer’s market.