Easy Ways To Make Money From Agriculture

By Jane Muia / Published February 20, 2023 | 2:36 pm

KEY POINTS

Poultry farming for consumption and egg production is a good agricultural venture. There are different types of poultry farming in Kenya.

KEY TAKEAWAYS

The International Association of Agricultural Economics (IAAE)estimates that food demand will increase by 59–98 percent between 2005 and 2050.

When it comes to investments, many people go for bonds, stock, and even real estate but how many invest in agriculture? USAID reports that the agricultural sector contributes to approximately 33 percent of Kenya’s Gross Domestic Product (GDP). Further, it asserts that the agriculture sector employs more than 40 percent of the total population and 70 percent of the rural population, making it a key element of Kenya’s growth and stability.

Agriculture stands out to be the best type of investment in the stock market, and for a good reason. The sector keeps pace with inflation and it is also a tangible investment option that results in general community benefit. In addition, the increasing population is driving up demand for agricultural products.

The International Association of Agricultural Economics (IAAE)estimates that food demand will increase by 59–98 percent between 2005 and 2050. This means that farmers worldwide will need to increase crop production, either by increasing the amount of agricultural land to grow crops or by enhancing productivity on existing agricultural lands through fertilizer and irrigation and adopting new methods like precision farming.

This is beyond reasonable doubt that the sector will provide the best returns among other benefits to investors. So if you are looking to invest in agriculture, here are some areas you can consider.

Selling farm machinery

These are all machines and tools used in the production, harvesting, and care of farm products. They include tractors, plows, seeders, fertilizer spreaders, and harvesters among others. This is a common venture and many people have chosen to invest in this type of business because it is lucrative and allows for other diversified revenue streams.

When starting this business, present your products properly whether online or offline to attract potential buyers. Also, go the extra mile to illustrate the intricacies of your products.

Goat farming

This is another lucrative investment you can consider. Goats have a low mortality rate and are comfortable in both cold and harsh climate conditions. Goats are easy to manage as they don’t need a lot of feed. Goat farming has many revenue sources such as breeding goats, selling goats for meat, and milk, and producing goat cheese. They also multiply faster, unlike cattle.

Poultry Farming

Poultry farming for consumption and egg production is a good agricultural venture. There are different types of poultry farming in Kenya. They include chicken, turkey, ducks, and guinea fowl. Chicken farming is the most popular as its farmer’s and consumers’ best choice at home and hotels. The more birds you keep, the more the profits.

Floral Farming

Flower farming is one of the largest contributors to livelihoods in Kenya. It is estimated that the Horticulture sub-sector generates approximately US $ 1 billion annually. Farmers are earning heavily by growing summer flowers that can be used to blend with other flowers for a perfect bouquet. Kenyan flowers are in high demand globally and this is a great venture one should consider.

Aquaculture

Fish farming is a very profitable enterprise if done with good management. Fish farming is advantageous because the start-up costs are fairly low. You could breed fish for tropical fish enthusiasts’ pets or farm fish for food consumption. This is just a sustainable business that you could start in your backyard.

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