Agriculture is the largest source of revenue for millions. Agriculture contributes an essential figure to the Gross Domestic Product (GDP) of the nation and offers rural business and environmentally sustainable expertise. Agriculture is vital for the extensive development of a country. Over the decade’s agriculture has witnessed many revolutions like the green revolution, white revolution, yellow revolution, and blue revolution.
- Green Revolution – The period when agriculture in India enhanced its yields due to improved technologies.
- White Revolution – Verghese Kurien starts the world’s most extensive agriculture development program, Operation Flood.
- Yellow Revolution – The period when development, adoption, and growth of new varieties of oilseeds and complementary technologies.
- Blue Revolution – The time when the Management of water resources starts that steered humanity to achieve drinking water and crop irrigation security.
- For decades, agriculture has been affiliated with the production of food crops. At present, agriculture includes forestry, dairy, fruit cultivation, poultry, beekeeping, mushroom, arbitrary, etc. Distribution, processing, and marketing of crops and animal products are all accepted as part of agriculture. Thus, agriculture can be mentioned as the production, processing, promotion, and distribution of Agricultural Products.
Agricultural Products as a Business
In many ways, agriculture is a big part of the economy. And one of them is the way Agricultural Products. Agricultural Products mean the food which gets from the farmings. Farming and Agricultural Products are big business in India. Agriculture is the only kind of business around the world with both productions and is accompanied by variable cost risks.
Production hazards are almost an everyday occurrence, which is bad for farmers. Pest attacks, hailstorms during crop maturity, and enormously fluctuating price crashes can wreak havoc to farmers’ lives. FurthermoreThere may be no rains during the sowing season and growth periods.
Agriculture is the kind of industry wherein you purchase everything retail and sell everything wholesale. Farmers are the only ones who pay in retail for everything, from tractors to small machinery and seeds. But, they are bound to trade their produce at wholesale prices. If you are an e-commerce legendary, you buy wholesale, but sell retail.
Agriculture Business Category
Productive Resources – Includes seed, energy, fertilizer, feed, machinery, equipment, etc.
Agricultural goods – it is processed and raw goods of food and fiber.
Facilitative Services – It includes credit, processing, marketing, storage, insurance, transportation, packing, etc.
Most Profitable Business Idea in Agriculture
Agriculture Farm
People can start farming by investing at a reasonable price. This business is done by everyone who has the necessary information about agriculture. Farmers can produce items as per local demand and sell locally. For far zones, farmers can even supply the product through the distribution channels. Agriculture is the best business in many ways.
Dried Flower Business
The flower business is the fastest growing business in today’s time. The flower is used for many works, so flower production is ever-increasing.
Fertilizer Distribution Business
It can start with modest capital investment, and the government can mostly control it.
Poultry Farming
It is the most growing sector of agriculture and farming business. Nowadays, poultry farming is a techno-commercial industry.
Hydroponic Retail Store
Hydroponic is a new plantation technique and has a passion for this plantation system. It can then start a hydroponic retail store business to turn their hobby into a profitable business.
Organic Farm GreenHouse
Many health risks have occurred in the foods grown with fertilizers and chemicals; people are growing organic food. The increased demand for farm products has led to the growth of this agricultural business.
Fruits and Vegetables Export
This business can negotiate with local farmers and start exporting fruits and vegetables. It can be done through the telephonic conversation, computer with an internet connection.
Sunflower Farming
The land is an essential need for sunflower farming, and it only requires a small investment. It is also recognized as a Commercial Cash Crop.
Beekeeping Business
It demands daily surveillance of the bees, and beekeeping business is done to sell honey, and other products like wax as the demand for honey is growing globally. This business is a profitable venture with a small investment.
Broom Production
It is a simple business and can be done with modest capital investment. It is a profitable business idea as the use of brooms has been for centuries for cleaning purposes.
Some Other Profitable Agriculture Business Ideas
- Livestock Feed Production
- Shrimp Farming
- Soya Beans Processing
- Fruit Juice Production
- Spice Processing
- Fish Hatchery
- Groundnut Processing
- Quail Egg Farming
- Piggery
- Cashew-nut Processing
- Vegetable Farming
- Chicks Hatchery
Agriculture is India’s largest private-sector enterprise that attracts nearly 119 million farmers and another 144 million landless laborers, as per the 2011 Census. It is the most respectable business and goes by the oft-quoted slogan “Uttam Kheti, Madhyam Vyapar, Kanishtha Naukri.
I hope you have got all the information about contract farming in India, for more information like this stay tuned with Tractorjunction.
