What are the best money-making agriculture business ideas with low capital to try?
Nigeria has a population of approximately 150 million people, what this tells us is that there are several opportunities in the country, we only need to find basic problems in the society and provide the solution to it. One sure way to achieve this is by setting up an agriculture business in Nigeria
Food is a major thing needed by the body and soul daily, without food, no one can survive. So finding the problem in the Food industry, choosing agriculture as a business and providing a solution to it will be a big hit for a businessman.
Agriculture is one of the most lucrative business in the world because it provides the daily need for everyone, which means everyone in the world needs Agricultural produce to survive.
Because of how lucrative Agricultural business is, it has attracted high-ranked businessmen, politicians and many more individuals to doing farming business in Nigeria. To mention a few names of the big player in Agricultural business; Chief Olusegun Obasanjo (Obasanjo Farms Nigeria Limited), Admiral Murtala Nyako (Sebore Farms), General Abdulsalam Abubakar (Maizube Farms).
Agricultural business is not for the big players only, we have written this article for people that want to venture into Agricultural business with LOW CAPITAL.
If you’re interested in other businesses apart from agricultural business, find out more about one of the best importation business in Nigeria.
Let us take a look at the top 6 most lucrative Agricultural business with low capital and how to invest in agriculture in Nigeria.
This is one of our top 6 most lucrative Agricultural business in Africa, specifically Nigeria that you can start with low capital. You can start poultry production in Nigeria with a cage and with no minimum numbers of chickens. Poultry farming entails rearing of different species of chickens for eggs or eaten. We have some chickens called LAYERS, these types of chicken are reared basically for laying eggs. Another type is Broilers which are reared basically for eaten and sold to restaurants, bars etc.
Although Poultry Farming is already saturated, it still as a shortage in supply, a huge amount of money is been spent on importation of chicken, in 2014, 660 billion Naira was spent on importation of chicken. So with this figure and the population of the country, Poultry farming will make one a huge profit. These are just some of the advantages of the poultry farming business to mention a few.
This is one of my favourite types of farming for agriculture business ideas, it is very lucrative and it as a shortage in supply too. Imagine buying a fingerling (a baby fish) at as low as N3 and selling it as high as N700 after just 4 months, It is amazing, isn’t it.
Fish farming can be done at your backyard with a big bowl to start small and upgrade later to a fish pond, a huge amount is not needed to start this type of farming, but depending on how big you want to go, acres of land can be used for fish farming and huge profit is guaranteed.
Here’s a guide on how to start small scale fish farming in Nigeria.
The types of fish that are majorly rear in this part of the world are Catfish and Tilapia fish.
Snail farming is another lucrative agricultural business in Nigeria. Everyone knows snail as one of the meats for the rich class because of the high price it comes with, snails are small meats hidden in a thick shell, depending on the size, it goes for about N500 in the market.
This is one of the lucrative agricultural business that fewer farmers are involved, it as high demand from the top class restaurant, bars, hotels, and few farmers involved are not able to meet the demand.
Snail farming can be done with little capital, you can also start this farming with a bowl at the back of your house and upgrade it at your own pace.
Rabbits are beautiful looking animals and the meat is one of the best, this is one of the most lucrative agricultural business, all you need to start is to purchase an adult male and female rabbit and in no time they will multiply to tens in number as they give birth in multiple.
Rabbit Farming as an agriculture-based business is economical as you can get their feeds in the bush, you can start Rabbit Farming with a small cage and later upgrade as they are getting more in numbers.
Rabbit Farming is not that popular but it as huge returns in profit and it as high demand as well.
Flower farming is another type of farming that is very lucrative and you can start with low capital. Flowers are used in beautifying houses and they are mainly used by the high-class individuals.
Flowers require low capital to start with little time attention to it. You can also start this business at the back of your house with sacks of fertilized sand in which certain species of flower is planted. You can have as many types of different species of different flowers planted and make a huge amount from selling them after some months.
Goat meat is one of the sweetest meat around, Goat meat is loved by the high class and the low-class people. Goat Rearing is very lucrative as it cost high to buy it in the market and it as high demand.
Goat rearing business is easy to start and can be done with little space in a compound, all you need to do is buy a male and female goats and in no time you start making good capital from the business as they give birth and multiply. It is very easy to maintain as they can feed on many things.
Which other lucrative money making agriculture business ideas with low capital do you know? Leave your comments below.