This article is part of a larger series on Starting a Business. Technological advancement has created more opportunities for farmers to develop a profitable business. Entrepreneurs should consider ideas like bee farms, rooftop gardens, and microgreens when choosing among profitable ventures. Rural farms are located in outlying areas of the country. The vast land area is perfect for cultivating food crops, rearing livestock, and hunting; however, farming activities are highly dependent upon the seasons and natural weather conditions. A tree nursery can be a great investment when done right.
Best Cash Crops for Small Farms
Best Cash Crops for Small Farms | Illinois College Online
There is a huge demand for various crops that you can grow at home to earn an extra income. There are six specific profitable cash crops that are ideal for backyard growers and they include the following:. The top earning salad greens you can grow for profit include lettuce, arugula and Asian greens. The land needed for successful salad green growing is also much like that for a good garden — with between six and eight hours of steady sunshine and access to a regular water source. If you have gardening experience, growing salad greens is an easy transition. Crop yields are fast with Asian greens ready to harvest in three weeks with lettuce taking an extra week so in a normal summer you should be able to produce many crops. One of the easiest and most profitable cash crops out there is gourmet garlic.
Cashew Nut Processing Business Plan In Nigeria
In general, if you are one person, and have a lot of personal assets, incorporate or form an LLC. An LLC is far superior to incorporation because it protects both your business and personal assets. Farming Business Licensing You can start any farm you want raising animals such as cattle, sheep, vegetables, beans, wheat or chickens. This is a good business plus you enjoy the country.
Most entrepreneurs are terrified of planning. But this can be a different scenario for you. Not only will you set the steps that you need to follow to achieve your goals, but you can also become more prepared with the risks.