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10+ Top Agribusinesses That Can Make You A Millionaire

Saturday, 10 November 2018
10 Top Agribusinesses That Can Make You A Millionaire
Agribusinesses are capable of making every committed business person a millionaire in this 20th century.
There are innovative business ideas in agriculture that you can start if you want to become a millionaire depending on your area expertise and target market. Virtually all businesses are lucrative, whether online or offline, big or small or what have you. To be successful in any business, you need to consistent and focused even in bad times. Perhaps the hardest stage of every business is the start-upstage because it requires getting the business in the faces of entirely new people.
Agribusiness simply means the business of agricultural production and was coined in 1957 by Goldberg and Davis. It includes the breeding, production and distribution/supply of farm seeds and products. It also covers the marketing and sales of farm machinery. In summary, any business that is based on agriculture is an agribusiness.

Importance of Agribusiness

What if I tell you that agribusinesses are the most important types of business will you be surprised? Well agribusinesses are one of the moist importance businesses because every other work we do is to help us eat and carryout other activities. There are so many importance of agribusinesses to both the individuals and the economy of any nation.
Agriculture is the source of food to many nations and agribusiness makes this possible by easing the distribution of food to the consumers. The economy of many nations depend on agribusiness and it has provided a source of income to millions of individuals all over the world. You can check out 5 importance of agriculture to lean more.

Top Money Making Agriculture Business Ideas That Can Make You A Millionaire

Every agricultural business is lucrative has the possibility of making you a millionaire when taken to a larger scale but you can choose from any of these if you're looking for a place to invest. There are more than a million types of agribusiness or agribusiness examples that are very lucrative in Africa. 

List of lucrative agribusinesses

Some lucrative agribusinesses that you can venture into as a farmer are:

- Cucumber farming

Cucumbers are widely cultivated plants in the gourd family, Cucurbitaceae. They is a creeping vine that bear cucumiform fruits that are used as vegetables. Cucumbers are loved because of their health benefits and high water content. Cucumbers are widely eaten vegetables but not many farmers are cultivating them presently. In other words, the demand for cucumbers among consumers is higher than the supply so it'll be a great business for any farmer.

- Fish farming

As the health institutions are ringing bells on the dangers of red meats to humans more people are now changing their diets to the fishes. They are now see more benefits of eating fishes. Running a fish pond will be a very nice idea for any farmer because of the many amazing benefits of fish farming.
There are also disadvantages of fish farming and we have listed them in a previous post. if you are planning on starting a fish farm in Nigeria, you can check out these guide on how you can do that successfully.

- Grasscutter farming

The demand for grasscutters is becoming high of recent and people are now going into the business. In the previous years, most of the eaten grasscutter meats where animals caught by hunters but the whole story has changed. You can make as much as ₦2 million in a year or more as a grasscutter farmer depending on the size of your colony.
You an read more on how to a successful grasscutter farm in Nigeria.

- Palm farming

The palm tree has more than a hundred uses and all the parts care useful in producing many amazing things. The leaves can be used for making brooms, wine can be gotten from the juice, it can be used in making baskets, it can be used in making palm oil and many more. The nature of the palm fruit business requires some years so it's more of a long term business. However, when your palms start maturing, you can make good money annually from the palm tree. You can read more on the different ways of making money from the palm trees.

- Pig farming

Starting a piggery is another lucrative business you can engage in as a farmer. Running a piggery is better when combined with another type of farming because pigs generally eat any type of food including spoilt ones. You can give them foods from a local restaurant or eatery, factories, farms and what have you.

- Poultry farming

Who doesn't love chickens? Well I don't know about you  it I love them. Poultry farming simply means the process of raising domesticated birds like chickens, ducks, turkeys and geese for the purpose of farming meat or eggs for food. There is more to poultry farming other than raising the regular chickens you an also include other birds like the quails and turkeys.
Poultry farming is very lucrative and always in high demand among consumers. The meats and eggs are high sources of proteins. You can start a poultry farm with any capital and expand with time. Read more on how to start a poultry farm in Nigeria and how to make poultry feeds in Nigeria.

- Snail farming

Snail farming is also known as veliciculture and heliculture and it simply means the process of  raising land snails specifically for human use. The snails are edible and can be used for preparing different dishes in Nigeria and other parts of the world. Snails are also grown because of the snail slime which can be used for the production of cosmetics. You can read more on how to successfully run a snail farm as a beginner.

- Snake farming

You might be shocked on hearing this but don't be yet, do you know that you can make good money from a snake farming business? Snakes are very dangerous animals but can fetch you millions of Naira annually. The snake venom are used in the production of anti-venom while the skins are very useful in the production of original belts and other wears. You can read more on how to start snake farming business as a Nigerian.

- Tomato farming

Tomatoes are edible, often red, berry of the nightshade Solanum lycopersicum, commonly known as the tomato plants. The earliest species originated in western South America but is now very popular in all parts of the world. Tomato are very good sources of folate, potassium, vitamin C and vitamin K. The are also one of the best natural ingredients for preventing stroke

- Ugu farming

The pumpkin or ugu in Igbo language is a widely eaten vegetable in the West African region. It is used for cooking different foods and can also be eaten raw. The ugu leaf is the most consumed vegetable in Nigeria followed by the waterleaf and this makes the demand for it very high.
Ugu generally matures in a very short period of time so you'll also get your ROI in a very short time unlike some other farm products and sells regardless of season. You can check out how to start making more than ₦800,000 from an ugu farm as a Nigerian.

- Watermelon farming

Watermelon is a vine-like flowering plant originally from Africa and is cultivated for its fruit. The watermelon like the cucumber has a high demand among consumers but the suppliers are little. A watermelon fruit can be sold for as much as ₦800 - ₦1,000 in the local markets.
The watermelon contains an amino acid called citrulline that increases the nitric oxide levels in the body. The nitric oxide helps your blood vessels expand, which in turn lowers the blood pressure. You can read more on how to make millions annually farming and selling watermelons in Nigeria.

In conclusion

Agribusinesses are very lucrative and any interested individual can engage in it. Starting an agribusiness also has many advantages and an easy access to loans is one of them. Many firms are out to sponsor anyone interested in venturing into agribusinesses any you can partake from any of the loans and grants available.