2019 Most Profitable Agribusiness Ideas For Young Entrepreneurs
Agribusiness Ideas: Every beginning of the year, we reflect back on what agribusiness men and women have achieved through various forms of agriculture and try to project on the new year.
Kenya’s economy is ideally agri-based. This statistic only alludes to the ability of more creative ways of farming as solutions to such challenges as unemployment. In fact to those who do agribusiness in Kenya, it very unlikely that they fall or get it wrong.
However, agribusiness requires that you be very creative. You are looking at a product that you want to produce as a business-attracting product, just like any other product manufactured from industries. This only means that you should produce what you are sure can fill an existing market gap.
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, Here below are some of the best and most profitable Agro –Business ventures for 2019; However, you will need a detailed business plan and a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) of your plan and the resources you have available will be critical to the success of your business.
1. TREE TOMATO (TAMARILLO) FARMING
Tamarillo farming is proving to be a silent money making venture, with untapped potential, it is a fruit that can be grown on almost all climatic conditions and soil types especially when grafted. A single tree tomato seedling cost 50/= while grafted cost 100/=, with an acre accommodating a population of 1200trees. Each tree under proper management can yield as high as 40Kgs per tree per year while the selling price of 1kg fruit range between 80/- to 150/=.
2. HASS AVOCADO FARMING
Avocado farming in Kenya has been practiced for many years with local variety like fuete dominating the market, in recent times, hass avocado farming has enjoyed competitive market on the international market in Europe. Unlike other varieties, hass takes a shorter time to mature – around three years. A single hass avocado seedling costs around 150/=, with an acre accommodating around 150seedlings. The current market price of a single fruit is between 10/= to 30/= depending on grading and other factors.
3. MUSHROOM FARMING
Mushroom farming in Kenya is one of the most profitable agricultural business ideas for young entrepreneurs, which has a turnaround period of only three weeks. Yes, you heard that right! And, it has huge profit potential with demand for good quality and organic mushrooms being high among restaurant owners as well as households. It requires around 50,000/= as starting capital and a structure.
4. VEGETABLE / FRESH PRODUCE FARMING
At the end of the day, most Kenyan households like to put a plate of steaming ugali and some vegetable and any other supplement hence reason why demand for vegetables keeps surging. Veges take around 3 months and the you harvest. Onions, Capsicums, Tomatoes, Cabbages are just a few examples of vegetables that are profitable as they generate a lot of income in a short period of while. A farmer with readily available water and good farm management skill can plant in both dry and wet seasons and make alot of money
5. PLANTING SERVICE
If you don’t have your own farm but still want to build a business centered around planting crops, you could start your own planting service and work with other farmers or growers in your area.
6. PIG FARMING
Pigs are very well known in Kenya for producing pork amongst other meat products that rake in huge profits for the farmer in question.
If you choose to keep pigs you will realize very quickly the magnanimous profit tap you have stumbled upon. You also have to choose good breeds to ensure that you get good sizes when and if you may want to sell them.
7. FISH FARMING
Tilapia, Catfish, Nile Perch among others, are some of the fish that farmers in Kenya raise for profits. Fish farming in Kenya is on demand and many supermarkets are issuing tenders for supply. Some Secondary Schools in Kenya also making orders for fish during important school events. The current price of fish is Ksh. 500 per Kg.
8. ANIMAL FEED PRODUCTION
Dairy farmers, sheep and goat farmers, pig farmers, poultry farmers all need animal feed, and to be precise, cheap animal feeds for their animals. Producing animal feeds is absolutely profitable because if you are using your own materials like maize stalks/cobs, beans barn, lucerne and stuff, you can produce feeds for your own animals and then sell the surplus feeds. For example, a bag of layers marsh goes for around ksh2800- 3000/- and a bag of marsh for dairy cows goes fro around ksh1200- 1500/-.
If you produce 10 bags each days for a start, then that’s alot of money.
9. FERTILIZER DISTRIBUTION
Fertilizer distribution process is mostly controlled by the government. In fact, it is one of the most profitable agribusiness ideas which can be done with minimum investment. You can help deliver fertilizers to farmers in remote locations.
10. LIVESTOCK HOUSE CONSTRUCTION
Constructing poultry house, dairy farming cubicles and other such farming structures for use by farmers to rear their livestock.
11. SOIL TESTING
Soil Testing is agronomically sound, beneficial and environmentally responsive tool used for monitoring the nutrient as well as making precise fertilizer recommendations for various crops and cropping sequences ensuring no damage to the environment. Establishing a soil testing lab with a Government certification is one of an ideal agriculture business ideas
12. AGRICULTURAL CONSULTING SERVICES
There is a rising demand for agricultural consulting services. People having knowledge and experience in the field can start providing consulting services to farmers and institutions seeking to invest in agriculture.
13. RECRUITING AGENCY FOR FARMERS
Most farmers suffer from a shortage of literate, low-level farm labor on their farms. An agency which helps farmers to easily and quickly recruit young, intelligent and literate labor for middle to long-term positions on their farms would be a huge hit.
This is just a few of the plausible avenues present for an entrepreneur in Agribusiness, so, don’t myrrh under the illusion that Agribusiness is for the village folk and don your blue suit to go knock into offices seeking employment for months upon months.
My dear readers please open your mind up to the great new reveal that is Agribusiness! Get that money because people’s opinions don’t pay your bills.
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