The business analysis does not have to be a time-consuming and laborious procedure. If a future company owner takes the things to concentrate their views and beliefs ahead of time, business development may be a lot more efficient and gratifying. This is especially true when describing agronomy and agricultural business.
But what is agribusiness? According to Downey and Erickson (1987), agribusiness is “all those business and management activities performed by firms that provide inputs to the farm sector, produce farm products, and process, transport, finance, handle or market farm products.”
In this article, you’ll learn some of the startup agronomy and agricultural business ideas you can have in 2021. Read on for more details.
Top Startup Ideas in Agronomy and Agriculture for 2021
Fish farming is another profitable business endeavor that an entrepreneur interested in generating money in the agricultural field can consider beginning. Fish is consumed all around the world. Therefore there is a sizable market for it. As the population grows and protein demands vastly outpace the available supply, many people have made millions from fish farming over the years.
Previously, people found it simpler to rear just catfish, but in recent years, fish farmers have successfully rear tilapias, trout, salmon, and other species. To get started, you’ll need space, tanks or ponds, fingerlings, and fish food, among other things.
Poultry producers have a significant market since chicken and birds are frequently consumed all over the world. One of your alternatives, if you want to establish a livestock breeding business, is to go for poultry farming.
The livestock sector is a booming business. Even though humans eat birds, chickens, and other poultry, eggs are a vital source of money for poultry farmers.
Farmers that practice non-organic gardening frequently use fertilizers to enhance the development of their crops. Fertilizer is a standard agricultural linked product. There is no question that fertilizer has a significant global market. The state of most nations is the largest consumer of fertilizer; it is a booming economic enterprise.
One of your most excellent alternatives as an entrepreneur wanting to create an agro-allied firm is to launch a fertilizer manufacturing company. This is a capital-intensive enterprise that will need licenses and permissions from the proper authorities.
Offering fumigation services is a typical agro-allied services business that an investor may consider beginning. Fumigation is used to get rid of undesirable insects, weeds, and other pests. It is a very successful and thriving business endeavor that is simple to set up and run.
If you want to establish a fumigation business model, you’ll need to apply to your country’s relevant government for the necessary chemical handling permissions and licenses.
Worm farming is a less well-known breeding company that an entrepreneur may effectively start with a relatively little startup capital. Worms may be raised on farms in the same way as snails, pigs, and other types of livestock can.
Worm farming is here to stay since it has progressed from its early stages as a pastime and activity to what it is now, an area of business.
Vegetables, like other agricultural products, are seasonal. Therefore adequate planning is required to guarantee that they are distributed as quickly as possible after harvesting. Farmers tend to make arrangements with purchasers before collecting their crops since it is safer and more cost-effective.
They only take their products to farm marketplaces when they are unable to find customers. When you first start your firm, you must make appropriate plans to determine who and where you will ship your goods for supply. It will also necessitate some research to choose the most effective marketing strategy for you.
Mushroom farming is similar to any other type of agriculture, but they require a lot of attention. Mushrooms are developed from spawn, a mushroom tissue culture made from spores maintained under sanitary or lab settings. Spawn may be purchased from specialized vendors and then placed in a medium to propagate fungus and create a plant.
Agronomy and agribusiness are considered sectors that help reducing poverty. The list of startup business ideas for this sector mentioned above is just a few out of hundreds of possible businesses you can have. But keep in mind that building a business will take your time, effort, and resources, so better plan it accordingly.
- Downey, D. W., & Erickson, S. P. (1987). Agribusiness Management. New York, NY: McGraw-Hill, Inc. Retrieved from https://amity.edu/UserFiles/admaa/203Viewpoint.pdf
- Sihombing, D.T.H. 2006. Ilmu Ternak Babi. Universitas Gadjah Mada Press.Yogyakarta. Retrieved from https://ejournal.undip.ac.id/index.php/jitaa/article/view/16382/pdf