Although farming was once primarily a means of subsistence for the farmer and his family, it can now be a profitable business. Therefore, small farms are potentially lucrative agricultural business opportunities. Growing farm crops, cash crops, fruits and vegetables, a flower business, beekeeping, and a dairy business are some of the most profitable farming ideas to make good money on a small farm.
Things To Consider For Highly Profitable Farming in India:
Farmers must focus on the following things when deciding on the agriculture business to have high profits even with low investment. Let us look at some of the points that are crucial for farming business purposes:
- CLIMATE – Different crops perform well in a variety of climatic conditions. An unfavorable environment can ruin the crop and bring the profits down.
- SOIL CONDITIONS – Soil factors like texture and fertility influence the best farming businesses.
- SIZE OF FARMS – Profitable farming businesses for small farms include mushroom farming, oyster farms, and other cash crops. Big farms grow food crops.
- LABOUR AVAILABILITY – Certain agricultural ventures, such as wheat and paddy farming, are labour-intensive, whereas others can make good money with less labour.
- CLOSENESS TO MARKET – Places near big markets can grow perishable crops such as fresh fruits and make good profits.
- TRANSPORTATION – Certain agriculture businesses need good transportation services to transport their products in a good state.
- STORAGE: Good storage facilities are essential in farming to preserve the product until it is in demand.
- FINANCE: Profits from the farming business are reinvested in the farm. As a result, finances are critical to the venture’s survival.
- PRODUCT DEMAND: Farmers should always check whether there is a demand for the product or not before raising it.
- TECHNOLOGY – Farmers who tend to use machinery have higher profits than others who don’t.
Here are some of the most demanding and profitable agricultural businesses in different areas of India.
Most Profitable Farming In Wet Soil:
India is one of the largest producers of this staple food. Flooded soil is required for crop growth. Bengal, UP, Andhra Pradesh, Punjab, Assam, and Haryana are the states where rice is the most profitable crop to grow.
India is the world’s second-largest producer of this well-known cash crop. Karnataka’s main commercial crop is sugarcane. Sugarcane farming yields per acre range from 60 to 80 tonnes.
Soybean is one of India’s fastest-growing cash crops. It is a good source of protein and is mostly grown in the states of Madhya Pradesh, Maharashtra, and Rajasthan.
Banana is an important fruit crop in India. Its year-round availability makes it a profitable farming business in India.
India is the world’s largest cotton producer, making it one of the most profitable crops in India. Gujarat, Maharashtra, and Andhra Pradesh are the top 3 producers of this cash crop.
India is one of the biggest producers of coconuts in the world. Therefore, profits from coconut farming are pretty high. Kerala, Tamil Nadu, and Karnataka are well known for large-scale coconut farming.
Papaya trees are fast-growing and easy to grow, with fruits available all year. It bears fruit all year, making it a highly profitable farming venture.
Mango is one of India’s most beloved fruits; thus, mango farming is one of the most profitable industries in India. Andhra Pradesh, Tamil Nadu, Uttar Pradesh, and West Bengal are India’s top mango-producing states.
It is a protein-rich fodder primarily grown in northern India. The top dairy owners believe alfalfa is their most profitable crop, producing 8–14 tons per acre.
Mushroom farming is one of the most profitable agricultural businesses you can start with little investment and a small farm. UP, Kerala, and Tripura are significant producers of commercial mushrooms in India.
Profitable Farming In Dry Soil:
11. Aloe vera:
Aloe vera farming is becoming more popular in India because the profit per acre from aloe vera production is very high and requires little investment. Rajasthan, Gujarat, and Andhra Pradesh are major aloe producers.
Peanut, or groundnut, is an essential oilseed crop mainly cultivated in Gujarat, Andhra Pradesh, Tamil Nadu, and Karnataka. Groundnut cultivation is more profitable than farming other nuts.
Tomatoes are short-season vegetable crops that are easy to grow. Thus, it is one of the most profitable farming businesses. The leading tomato-producing states are Maharashtra, Bihar, Karnataka, and Andhra Pradesh.
Beans are simple to grow and require little effort or labor. They are grown for money in Rajasthan, Gujarat, and Punjab, where they do well even when there is a drought.
Millet is a heat-tolerant crop, which makes it profitable because it requires little water to grow and can thrive even in low-fertility lands.
16. Custard Apple:
Custard apples are not native to India but grow well in many parts of the country, particularly in Maharashtra and Gujarat. In addition, it is a highly profitable crop in dry areas.
Orchids are mostly imported, making them expensive flowers. Orchid cultivation is a profitable farming business. An acre of orchid farmland can be worth around 1.25 crore Indian rupees.
18. Poultry Farming:
Poultry farming is the fastest-growing sector of agriculture and farming business in India. This farming requires less investment than other livestock.
Cactus farming is becoming a profitable agriculture business in India. Exotic cactus varieties are used as food and also have medicinal value. Moreover, it requires less investment and little water.
Rose farming is one of the most profitable agricultural businesses. Karnataka, Tamil Nadu, West Bengal, and Maharashtra are the rose-farming states. For an average of 5000 plants in an acre, 150,000 roses are obtained.
High Profit Water Farming (Hydroponically):
21. Oyster Farming:
Oysters are a highly valued seafood delicacy, and the demand for oyster meat is increasing in many regions of India. Oyster farming primarily occurs on the Indian Coast.
23. Water Spinach:
Water spinach is a popular vegetable around the world, especially in Southeast Asia. They are easy to grow. It is mainly grown in Andhra Pradesh, Karnataka, and Tamil Nadu and gives an average yield of 125 quintals per acre.
24. Fish Farming:
Fish farming is a popular form of agriculture in India. A well-maintained fish pond can yield a significant profit. The central fish farming states are Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, and Gujarat.
25. Pearl Farming:
Pearl farming is one of the most lucrative agricultural businesses in states like Maharashtra, Gujarat, and Karnataka. In terms of profit from pearl farming, you can expect to earn 50–60% of your investment.
26. Shrimp Farming:
Prawn farming is a profitable agricultural business idea with a high profit margin that can be harvested in six months. Prawn farming can make you good money because their consumption demand is always high.
27. Lotus Farming:
Lotus has numerous practical, medicinal, and cultural applications. Every year, each farmer receives approximately 1 lakh lotuses. Lotus farming can earn growers at least Rs 5 lakh per year.
28. Water Chestnut:
Water chestnut is one of India’s most crucial minor fruit crops. You can find water chestnuts in the east of India, in places like West Bengal, Jharkhand, and Bihar.
29. Algae Farming:
Algae are used in a variety of products, ranging from pharmaceuticals to cosmetics. In addition, some strains are excellent biofuel sources, while others are used as feedstock. Therefore, algae farming can be a potentially profitable farming idea.
30. Lobster Farming
Lobsters are a well-known seafood delicacy with high market demand and price.Mud-crab farming is also gaining popularity in most Asian countries.
Money Making Farming In Hills:
31. Apple Farms:
Apple farming is prominent in Kashmir, Himachal Pradesh, and other hilly regions. Apple orchards with a standard spacing of 20 to 30 feet yield between 20,000 and 30,000 apples per acre.
Peach fruit is primarily grown in hilly areas such as J&K, Meghalaya, Uttarakhand, and Sikkim. Peach farming is a popular and traditional agribusiness that makes good money.
Commercial plum farming is a simple and profitable business in many parts of the world. Growing a plum tree is an easy process. These are primarily grown in Jammu and Kashmir, Himachal Pradesh, and the U.P. hills.
In India, commercial apricot farming is quite limited. However, because apricot fruits require a hilly environment to grow, you can start a profitable apricot farming business in the hills of Ladakh and Kashmir.
Strawberry farming is one of the most profitable farming businesses, with average returns of Rs. 475,000 per acre. The profit margin is significantly higher than that of most other crops.
36. Tea Cultivation:
Tea farming is a profitable agricultural business if done correctly. Assam, West Bengal, and Kerala are major tea-producing regions in India.
37. Cardamom Cultivation:
Cardamom farming is a profitable farming business that can earn around Rs 90,000 per acre after expenses.It is one of the main cash crops cultivated in Sikkim and Darjeeling.
38. Black Pepper:
Pepper farming is one of the most profitable businesses in Kerala and Karnataka, with minimal investment and intermediate care. As a result, it is highly sought after in both international and domestic markets.
39. Cashew Nut:
Nut trees are among the most profitable crops to cultivate. Nut trees are relatively simple to grow and sell well. Commercial cashew cultivation in our country occurs primarily on the west and east coasts.
Nutmeg is a cash crop grown as an intercrop by coconut farmers. This farming business can expect an annual profit of 80,000 to 100,000 per acre.
Agriculture remains an important industry in India, as the country is recognized as one of the world’s largest producers, consumers, and exporters of agricultural products. Moreover, most farming operations are carried out on a large scale. Nonetheless, a well-thought-out plan and vision can assist you in efficiently starting a small-scale profitable agricultural business. Our list of agriculture businesses can help you get started.