Skip to content
Entrepreneur's Corner

Top 8 Profitable Agriculture Business Ideas That Will Make You Millionaire

BY Getrude Mathayo · May 22, 2023 01:05 pm

KEY POINTS

Kenya’s economy is ideally Agri-based. This statistic only alludes to the ability of more creative ways of farming as solutions to such challenges as unemployment. In fact, for those who do agribusiness in Kenya, it is very unlikely that they fail or get it wrong.

Agriculture is the backbone of every economy. It provides food, materials, and revenue for communities across the globe. In Kenya, most agribusiness ventures are done on a large scale, though small-scale agribusiness activities also thrive well in Kenya,

In Kenya, unemployment is one of the thorns hurting the economy. The irony is that most educated Kenyan youths go around looking for jobs, not realizing that the best way to eliminate unemployment is through creating jobs. Kenyan Agribusiness could be the perfect path to wealth and job creation for the youth.

Kenya’s economy is ideally Agri-based. This statistic only alludes to the ability of more creative ways of farming as solutions to such challenges as unemployment. In fact, for those who do agribusiness in Kenya, it is very unlikely that they fail or get it wrong.

However, agribusiness requires that you be very creative. You are looking at a product that you want to produce as a business-attracting product, just like any other product manufactured by industries. This only means that you should produce what you are sure can fill an existing market gap.

Since the beginning of humanity and farming, agriculture has been one of the most important occupations. Proper planning and management of the agricultural sector are required to make it sustainable and productive.

Related Content: Easy Ways To Make Money From Agriculture

  1. Poultry Farming

A good business idea that can be started from your farm is to produce poultry feed such as chicken feed, duck feed, and quail feed. Poultry farming is a great way to generate income with the booming demand for organic meat everywhere.

  1. Bee Keeping

The beekeeping business opportunity requires constant monitoring and close supervision. Globally, honey demand is growing due to a growing awareness of health issues. It is a profitable venture to start with little startup capital to sell honey and other products like wax.

  1. Dairy Farming

Dairy farming is one of the most profitable agricultural business ideas. Aside from milk, it also produces manure. There is a high demand for organic dairy products all year round such as milk, cheese, curd, cream and so much more. Increasing milk production through profitable dairy farming has great potential.

  1. Fish Farming

Fish farming is a lucrative investment that can generate income throughout the year. Modern techniques and owning space can help an entrepreneur start this business at a moderate cost.

  1. Wheat Farming

Wheat farming is another highly profitable business idea that can be started on a small scale. Its produce, such as wheat flour, bread, and biscuits, can be sold to nearby markets or retail shops for a great income.

  1. Rice Farming

Rice is considered the staple food for a large human population in the world. It is considered one of the largest produced commodities and there will always be demand for rice. Being a basic need, it can generate excellent profits throughout the year.

  1. Flower Business

One of the largest businesses worldwide is the flower business. Flowers are one of the best ways to earn money. They can be grown, processed, and sold.

  1. Soybean Farming

The commercial processing of soya beans for the production of milk, soy flour, soy sauce, soy oil, natto, etc. is an extremely profitable agriculture business concept to start with a moderate investment.

Related Content: Kenya’s Food Crisis: The Impact Of Inflation, Unpredictable Rains, And High Taxes On Agriculture

Trending Stories
Related Articles
Explore Soko Directory
Soko Directory Archives