Best Way To Make Money In Agriculture In Nigeria
- 1). Supply of agriculture Produce.
- 2). Helping supplier of agriculture produce source for a produce (sourcing agent).
- 3). Purchaser (purchase agent).
- 4). Storage.
- 5). Exportation of agriculture produce.. As said earlier, there are others ways to trade in agriculture which included;
- SUPPLY OF AGRICULTURE PRODUCE.. You ca…
- Selling of farm produce. …
- Exportation of farm produce. …
- Investing in Agricultural sector. …
- Farm produce package and storage. …
- Agriculture consultancy. …
- Sales of farm machinery.
Which agriculture is most profitable in Nigeria?
Poultry Farming. Poultry Farming in Nigeria is probably one of the most lucrative farming business you can do. The quick maturity of chicken presents one of the finest opportunity for entrepreneurs to make good money within the shortest period of time possible.
How can I make quick money in agriculture?
Here are five ways to make money from agriculture.Farmer.Invest In Agriculture.Sell Farm Produce.Blogging On Agriculture.Education And Training as Ways To Make Money From Agriculture.
Which agriculture is most profitable?
Some Best Profitable Farming In India 2022Garlic Farming. The payoff on growing garlic can be enormous for those who prefer to grow “gourmet” garlic. … Lavender Farming. Lavender farming produces above-average gain for small growers, as it is such a varied crop. … Gourmet Mushrooms Farming. … Bamboo Farming. … Willows Farming.
Which business is profitable in agriculture?
Export of Fruits and Vegetables: Here all you need to do is buy fruits and vegetables from local farms or farmers and supply them to big cities or urban areas. The export of fruits and vegetables is a very profitable business with low investment.
How do farmers get rich?
Using Livestock to Make Money Farming. Livestock is probably the most common way farmers make money from their land. And while animals have a few more expenses and a higher overhead, they usually bring in top dollar in terms of net income. Here are just some of the ways you can make money with livestock.
What crop is in highest demand?
From an absolute value perspective, the world’s most valuable cash crop is cannabis as well. It is followed by rice, maize, and then wheat.
How do small farmers make money?
Ways to Make Money in the GardenSell Extra Garden Seeds.Grow & Sell Extra Seedlings.Start a Market Garden & Sell Vegetables.Start a Medicinal or Culinary Herb Garden & Sell Plants.Grow an Extra Row of Garlic & Sell Seed.Grow Microgreens for Restaurants & Market.Start a Worm Farm.Sell Perennial Herbs & Flowers.More items…•
How do I start my own agricultural business?
How to start your own AgribusinessThe scope.Market Research.Creation of a Business Plan.Arrange funds.Understand the Laws and Regulations.Register your business and acquire licenses.Final Arrangements.
How do I start a small profitable farm?
Whether you are learning how to start a small farm, or aiming toward commercial farming, these steps will point you in the right direction.Change Your Lifestyle, Take a tour, and Gain Experience. … Choose A Type of Farm Business. … Make Local Connections. … Market Analysis and Customer Base. … Cost Estimates. … Create a Business Plan.More items…
Who is the richest farmer?
Qin YinglinQin Yinglin (Chinese: 秦英林; pinyin: Qín Yīnglín, born 1965) is a Chinese agriculture tycoon, billionaire, Communist Party member, and the world’s richest farmer. He is the chair and president of the pig farming company Muyuan Foodstuff and is one of the richest people in China. According to Bloomberg Billionaires Index, …
What are the 4 types of agriculture?
There exist four main branches of agriculture, namely;Livestock production.Crop production.agricultural economics.agricultural engineering.
Which fruit is most profitable?
Here are the 10 Most Profitable Fruits to Grow in India!Mango (Mangifera indica) The national fruit of India is everyone’s favorite. … Banana (Musa) … Apple (Malus domestica) … Grapes (Vitis vinifera) … Coconut (Cocos nucifera) … Papaya (Carica papaya) … Guava (Psidium guajava) … Orange (Citrus X sinensis)More items…•
What type of farming is in Nigeria?
Having said that, let’s take a closer look at some of the types of Farming that does very well in Nigeria. 1. Rice Farming . Nigeria has one of the world’s highest Rice consumption stat. Rice is by far one of the most popular staple food among Nigerians. Almost every family eats rice daily in Nigeria.
Why is farming so popular in Nigeria?
1) There is no any other African country where Farming is as viable as it is in Nigeria in terms of productivity and profitability.
What is the most popular food in Nigeria?
The popularity of cassava as the major source of food for Nigerians dates back to ages. Between Garri and Rice, it is hard to tell which one is the most popular food in Nigeria. Both are the most consumed food staples among the citizen. I think if one is the King the other should be the Queen.
What percentage of Nigerians buy their food from the market?
The entire population of Nigeria depends on staple foods produced from farms and other farm produces for their daily meals and sustenance. More than 80 percent of Nigerians buy their farm produce from the market. (2) Nigeria has large expanses of fertile farmlands laying fallow across the nation.
Which country has the best soil for pineapple farming?
Nigeria seems to have better soil for Pineapple Farming than Australia where Farmers are making it big in the business. A Pineapple sells in Mile-12 market in Lagos for about N200. If you are able to harvest one million in a year, you will earn at least N80 x 1,000,000 = N80,000,000
How long does it take to harvest maize in Nigeria?
One thing I like about maize is that everything happens fast. It takes less than Four months between planting and harvesting.
How much land is Nigeria?
Nigerian land area when measured in sq km is about 910,770. The land area of any country is the country’s total area, excluding areas that are considered to be water bodies. So, Nigeria has one of the biggest expanse of Land in Africa of which 70 percent is available for farming.
What is the most lucrative farming business in Nigeria?
2. Poultry Farming. Poultry farm ing is the process of raising domesticated birds such as chickens, ducks, turkeys, and geese for the purpose of farming meat or eggs for food. Poultry Farming in Nigeria is probably one of the most lucrative farming business you can do. The quick maturity of chicken presents one of the finest opportunity …
Why is maize important in Nigeria?
Maize is cooked in various ways and millions of Nigerians rely on this crop because it usually costs less than wheat and rice and other common grains and cereals. The importance of Maize production in Nigeria cannot be overemphasized. A lot of by-products are gotten from Maize.
What are the consumables of maize?
Maize production gives birth to a lot of other consumables and some of them are: Pap, Custard, Corn Oil, Alcohol, Cornflake, Animal/Livestock Feeds, Corn Flour, Corn Starch, Corn Powder. 7. Pig Farming. Pig farming in Nigeria is one of the lucrative and profitable livestock businesses.
How many consumers are there in Nigeria?
With over 160 Million consumers in Nigeria alone, the market is always there waiting to be tapped. The demand for poultry products such as eggs is so high that people go about every day looking for where to get the supplies needed.
What is the most flourishing sector in Nigeria?
The agricultural sector is one of the most flourishing sectors of the Nigerian economy. With proper strategic planning, any individual having basic knowledge of farming and manufacturing operation can start a profitable agriculture business. You don’t need a huge capital or farmland to get into the agriculture business.
Which country produces the most rice?
Rice Farming. Nigeria is the largest producer of rice in West Africa and the third in Africa after Egypt and Madagascar producing about 3.6 million metric tons on the average annually. Interestingly, Nigeria still falls short of meeting its local demand which is placed at about 5.5 million tons.
Is rice farming profitable in Nigeria?
Considering the fact that Nigeria has a huge market for rice, if you are looking for a lucrative agricultural business idea in Nigeria, you need to seriously consider entering the rice farming business which is undoubtedly one of the most profitable businesses in the Nigerian agricultural sector.
What are the best crops to grow in Nigeria?
If you have enough land, you should better plant food crops such as cassava, yams, rice, millet, maize, beans, and sorghum. Nigerians use a lot of rice and cassava. These crops are hugely demanded in the country, so you must not worry about the markets. You can also do plantain, as it is quite unpretentious.
Does Nigeria need food?
Every person needs to eat, and only farming can provide a human being with food. Nigeria and its rapidly growing population are increasingly in need of agricultural products year after year. Foods will always be in great demand and have a high value.
Is it profitable to grow pineapple?
Growing plantain does not require significant investments, at the same time it is quite popular in cooking. Together with traditional corps, it is very profitable to grow pineapples. They are popular all over the world and have a high market price. Read also.
Can you do animal husbandry in Nigeria?
Animal breeding. If you are not interested in growing crops, you can do animal husbandry. In Nigeria, the poultry farming is actively developing, but so far the lion’s share of demand for poultry is covered by import. Of course, to open a large poultry farm, a lot of investments and modern technologies are required.
Is farming good in Nigeria?
Today farming has excellent prospects for the development. Natural conditions make it possible to cultivate almost all West African crops in Nigeria. In the forest zone with its abundant rainfall and prolonged wet season it’s better to cultivate tree crops:
Is farming a profitable business in Nigeria?
Currently, farming can be a lucrative business in Nigeria. Many Nigerian people in business and beginner entrepreneurs are thinking about how to invest in agriculture business.
Is goat breeding profitable?
Goats’ rearing is a very profitable occupation. These animals can equally be suppliers of wool, meat, and milk. Goat breeding is associated with some costs for their keeping and feeding. But due to the high productivity of these amazing animals, you can see a quick investment return.
What is the main highlight of cassava farming?
The major highlight of cassava farming is that all parts of the cassava is of economic advantage, from the leaves to the stalk, all the way down to the root.
How many kids can a female goat have?
A female goat can have three kids per birth. They feed on anything but to have a healthy goat, you can feed them with shrubs, grains. Read Also: 10 Best Business Opportunities In The Agricultural Sector In Nigeria. 19. Farm Consultancy.
Is maize a good business?
Maize planting is also a good business opportunity for starters. As little capital is required for startup. It could even be planted in the backyard of one’s house and it yields good returns.
Is garri a staple food?
Cassava which is later processed into garri is a major staple food in Nigeria. Cassava processing has not just one but many finished products which makes it a good business opportunity to venture into. The cost of making gari, fufu does not require so much capital.
Is there a good way to get stable income in rural areas?
There is unavailability of good road networks and basic social amenities in the rural areas. Getting a vehicle to help convey agricultural produce from the farms to the market is also a good way of getting stable income.
Is flower gardening a good business?
Flower gardening is actually a good business opportunity for those who love aesthetics. If the world were full of flowers, that sounds heavenly to me! Flower gardening cannot be over emphasized. The key word for those looking into this business is ‘patience’. You need to plant some seeds and watch them grow. It requires little startup capital.
Is agriculture profitable in Nigeria?
Agriculture has remained one of the top and widely profitable business sectors not only in Nigeria but in the world at large. When Agriculture comes to mind, what people think is the very tedious and boring aspect of the sector. This is a very ‘myopic’ belief. In Nigeria today, most youths would rather spend years searching for white collar jobs …