Farming plays an important role in the overall economy of any country. And therefore, it offers huge prospects for upcoming entrepreneurs. Here in this article, we have listed down the most profitable farming business ideas in India for your ready reference.
Broadly, agriculture offers four different types of business opportunities. These are productive resources, farming or cultivation, agricultural commodities or agro-processing, and facilitative services. Productive resources generally cater to a wide range of products like feed, seeds, fertilizer, farm equipment, energy, pesticides, insecticide, fungicide, nutrients, machinery, etc.
On the other hand, farm commodities refer to a wide range of raw and processed commodities of food and fiber. Furthermore, farm activity includes vegetables, fruits, grains, spices, herbs, and flower farming. It also includes livestock farming.
Find below a list of the most profitable farming business ideas and opportunities:
66 Farming Business Ideas
1. Agrochemical Manufacturing
Agrochemical is a multi-billion dollar industry. And also this industry is lucrative. The industry caters to a wide range of products. However, agrochemical manufacturing is a capital-intensive business.
2. Bio Fertilizer Manufacturing
The demand for biofertilizers is increasing rapidly. In manufacturing biofertilizers, a laboratory setup is mandatory. However, proper marketing is crucial to get success in this business.
3. Botanical Pesticide Manufacturing
Botanical pesticides and insecticides are naturally occurring chemicals. The awareness and demand for this product are increasing. The manufacturing process is also simple.
4. Certified Seed Production
Certified seeds have huge demand. And the manufacturing process is also simple. However, you must comply with your state Govt Agency. In starting this business, you can source the seeds by contract farming.
5. Cocoa Processing
Actually, raw cocoa is not a consumable item. So, it needs proper processing to get cocoa beans and cocoa powder. Also, proper post-harvest management is important after the immediate harvest of cocoa pods.
6. Fungicide Manufacturing
Generally, fungicides protect the crop and seeds from fungus attacks. It is an essential item for every farmer. Fungicide technical-grade manufacturing is a highly capital-intensive business. However, revenue-wise this is one of the most lucrative ventures in the industry.
7. Hydroponic Equipment Selling
Hydroponics allows growing the of plants with only water and without soil. This type of plantation is gaining popularity nowadays. However, selling hydroponic equipment demands basic knowledge and skill in the hydroponic system.
8. Insecticide Formulation
This is another thriving business in the industry. However, the manufacturing of insecticide technical grade is highly capital intensive. So we recommend starting an insecticide formulation and marketing business.
9. Livestock Feed Production
Livestock feed caters to a wide range of products. The product list includes poultry feed, cattle feed, fish feed, etc. You can start this business on a small and medium-scale basis.
10. Micronutrient Manufacturing
Micronutrient manufacturing is one of the most profitable businesses in the industry. Some of the most popular items are magnesium sulfate, zinc sulfate, copper sulfate, mixed micronutrient foliar spray, etc.
11. Pesticide Formulation
Like insecticides, we recommend you start a pesticide formulation and marketing business. In that case, you will need to source the technical-grade pesticide from the manufacturers. After the formulation of a commercial grade, you can sell the product under your brand name.
12. Vermicompost Production
Vermicompost is one of the most popular compost fertilizers in the industry. The manufacturing process is simple. Additionally, you can start this business with low capital investment. Vermicompost production is one of the most profitable low-cost farming business ideas all across the world
13. Flower Farming
Floriculture or commercial flower farming is a profitable business. There is immense potential in the domestic flower market. In addition, big flower farms can earn very lucrative revenue from exports. Floriculture is an important commercial trade in agriculture.
14. Fruits Farming
Fruit farming is an important sector of horticulture. It has immense economic importance. Also, this is a high-paying option for land utilization. Nowadays, you will find improved seeds and developed technology for fruit farming.
15. Livestock Farming
Animal farming or livestock farming is a profitable business worldwide. The demand for livestock products is increasing rapidly. The major reasons are the immense growth of population, income growth, rapid urbanization, and the production response in different livestock systems.
16. Plantation Crop Farming
Plantation crop includes a large group of crops. The term Plantation crops refer to those crops which are cultivated on an extensive scale in a large contiguous area. However, the farm may be owned and managed by an individual or a company. These plantation crops are high-value commercial crops of greater economic importance.
17. Spice Farming
Spice is an important item in flavoring foods. Different types of spices bring a unique natural taste to cuisine. Even spices can change the look of the food to a more attractive color.
18. Vegetable Farming
Vegetable farming is definitely a profitable business. And this is not only true for bigger farmers. Also, it is profitable for small and marginal farmers. A small-scale vegetable farm has earning potential throughout the year.
The bakery is the best small-scale business in the food processing industry. And this is one of the most traditional industries also. In addition, you can start the bakery business from your home location also.
20. Bamboo & Cane Items Making
The most popular bamboo and cane items are furniture items, utility items, and home decor items. With simple equipment and tools, you can start this business. However, you must have the skill of crafting these items.
21. Banana Wafer Making
The banana wafer is gaining popularity rapidly. If you are living in an area where you can easily procure fresh bananas, then this is the perfect business for you. However, you must pay attention to the packaging of this product.
22. Basket Making
Basket-making is a very good home-based business. You can sell the basket on a wholesale and retail basis. Additionally, you can sell gift baskets to your corporate clients.
23. Broom Making
Broom making is a traditional industry. And it doesn’t demand big machinery involvement. You can start this business at home. However, proper distribution is important to get success in this business.
24. Cashew Processing
Cashew processing is a profitable business. However, this business demands moderate capital investment in machinery and raw materials. In addition, you will need to ensure the regular supply of raw cashew to your factory for processing.
25. Coconut Oil Manufacturing
Coconut oil manufacturing operation is considered a techno-commercially profitable venture. In many countries, coconut oil is an important cooking medium. In addition, this product has immense potential in cosmetics, personal care, and the herbal industry.
26. Dal Milling
You can start this business on a small-scale basis. The business demands small capital investment also. However, it is advisable to check the local market demand before initiating a dal milling business. In addition, the business has the good export potential also.
27. Dried Flower Making
Dried flowers are considered great decorating alternatives to fresh flowers. Due to the longer shelf life, this product is gaining rapid popularity. You can start this business as a home-based also.
28. Flour Milling
Flour milling is a traditional business. However, these days you will find a lot of modern flour milling machinery in the market. Quality products and good packaging are the most crucial aspects of this business.
29. Frozen Meat Production
The frozen meat production business demands substantial capital investment. This product has good export potential also. The business is really lucrative. However, proper marketing planning is important to get success in this business.
30. Fruit Bar Making
Generally, mango and pineapples are major fruits in the fruit bar-making industry. You can start this business on a small-scale and home-based basis. However, you must maintain the proper machine drying process and good packaging of the finished product.
31. Fruit Juice Making
Different types of squash and fruit juices have good commercial potential in the market. Sometimes it comes as mixed fruit juice. According to the availability of fruit items, you can start this business on a small-scale basis.
32. Ginger Garlic Paste Making
Ginger garlic paste is another very profitable small-scale business. The product is gaining huge popularity because of its ready-to-use property. However, you will need to apply the right preservative in the right quantity to enhance the shelf life of the product.
33. Ginger Oil Making
Ginger oil has immense commercial potential in the food processing and cosmetics industry. The manufacturing process is also simple. The product has a good export potential also.
34. Grape Wine Production
You can start a grape wine manufacturing business with substantial capital investment. In addition, you will need to ensure a regular supply of fresh grapes to your factory. In most cases, you will need to set up your own vineyards. Otherwise, you can go to contract farming.
35. Groundnut Processing
Groundnut processing is a profitable business. Additionally, you can start this business on a small-scale basis also. Groundnut oil has good market potential. However, you must establish a good distributor network to get successful in this business.
36. Honey Processing
You can start honey processing in two ways. You can start your own beekeeping business with the honey processing unit. Or you can procure natural honey from other beekeepers for processing.
37. Ice Cream Making
The ice cream industry is one of the most lucrative in the milk processing industries. The production process is also simple. However, the business demands moderate startup capital investment.
The demand for jaggery is there both in the rural as well as urban areas. It finds applications in day-to-day cooking. Unlike sugar, the market of jaggery is seasonal during the harvesting of sugar cane. It has a low shelf life and is generally available for approximately six months a year.
39. Jam Jelly Making
Any individual can start a jam jelly-making business from home. The manufacturing process is simple. Additionally, you can produce marmalade and squash. Mango, apple, pineapple, strawberry, and mixed fruit jams are popular products in this segment.
Microbreweries generally serve freshly brewed beers with different flavors. This is a very self-rewarding business. However, you must secure a good location for this business.
41. Milk Processing
This milk processing industry caters to a wide variety of products. It includes packaged milk, skimmed milk, yogurt, butter, cheese, cottage cheese, etc. You can start a large-scale milk processing plant. Otherwise, you can start with one or two products with low capital investment.
42. Onion Paste Processing
Onion paste has good market demand. Due to its ready-to-cook properties, the product is gaining popularity rapidly. The manufacturing process is simple. However, you will need to pay attention to the packaging.
43. Pickles Making
Pickles and Chutney are popular products in India. Generally, the different types of pickles are popular in different regions. So in starting this business, you must consider the taste of the local people in your area.
44. Potato Chips Making
You can start a potato chip-making business with moderate capital investment. This salty snack is very popular among every age group of people. Additionally, you can produce french fries from the same production unit
45. Potato Powder Making
Potato powder making is another thriving business in the agro-processing industry. However, the business demands substantial capital investment in machinery and raw materials.
46. Rice Milling
If you are living in an area where you can easily procure a lot of fresh paddies, then rice milling is a perfect business for you. Nowadays, there are several modern machines you can find. However, this business demands moderate capital investment.
47. Soya Beans Processing
The Soya beans processing business does not require much capital investment to start. There are several value-added products you can produce and sell the soya beans. However, soya chunks, soya milk, and soya bean oils are the most popular items.
48. Spice Processing
Spice grinding and packaging are profitable farming businesses. Even graded whole spice packaging is also a lucrative venture. In addition, some of the special combined spices have better demand in the market.
49. Sugar Milling
Sugar milling is a large-scale industry. Additionally, the business demands substantial capital investment. However, revenue-wise the business is hugely lucrative. Furthermore, it has immense export potential.
50. Sunflower Oil Processing
Sunflower oil is a popular cooking oil worldwide. In addition, this oil is an essential item in the processed food industry. However, you can start this business on a small-scale basis. Sunflower oil production business is among the most lucrative farming business ideas worldwide.
51. Tea Processing
Tea processing is a profitable business. However, you must establish the unit nearby tea-growing areas. so that you can procure fresh tea easily. Tea has also good export demand.
52. Textile Milling
A textile mill is a manufacturing facility where you can produce or process textiles, or types of clothes into finished products, such as clothing. Alike other milling businesses, textile milling is a large-scale business. However, this is a multi-million dollar industry.
53. Tutti Frutti Making
Tutti frutti is an essential raw material for the bakery and confectionery industry. The manufacturing process is simple. Additionally, you can start this business as a home-based also.
54. Agri Clinic
Agriclinic is one of the most profitable farming business ideas in the service industry. However, it caters to a wide range of services. The list includes soil testing, water testing for aquaculture, nutrient management, etc. And an individual can start this business in two ways. You can start a full-scale agri-clinic with a variety of services. Otherwise, you can deal with one or two services.
55. Agricultural Product Distribution
Agricultural product distribution is a lucrative business opportunity globally. Because agricultural products are highly related to the food and ancillary industries. Agro products embrace a broad all-inclusive category of products related to agriculture. It is among the most profitable retail-based farming business ideas in the agro-industry.
56. Agriculture Consulting
Agriculture consulting service has high demand among farmers. They often look for experts’ advice for their farms. If you are a subject matter expert and have a handful of experience on a specific subject, you can start this business.
57. Cold Chain
A cold chain is a temperature-controlled, uninterrupted supply chain. Additionally, the unbroken distribution activities maintain a given temperature range. Generally, it helps to extend and ensure the shelf life of products such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs.
58. Cold Storage
Cold storage is a specific refrigerated frozen storage facility, usually used to store food or pharmaceuticals. There are many different types of cold storage of different sizes that are popular in India. If you are living in an area where is a local demand for storing local farm produce you can start this business.
The Export-import of agricultural produce is a profitable business globally. According to your local production and demand for the products, you can start a farming-related export-import business in India. This industry is highly profitable and organized also.
60. Farm Equipment Selling
Farm equipment selling is an all-time profitable business. And it gives a lucrative income to the sellers. You can sell the products of any reputed company. In that case, you will need to take distributorship of that company. Even you can start the wholesale distribution business of these products.
This industry offers a wide range of business opportunities. It encompasses flower care and handling, floral design, flower arranging, merchandising, and display and flower delivery. However, you can start this farming-related business focusing on a specific niche audience with little money.
62. Green House Consulting
Generally, commercial glass greenhouses or hothouses are high-tech production facilities for vegetables or flowers. And greenhouse owners often look for experts’ advice for better yield and profitability. If you have the right knowledge and skill, you can start this business with less or no capital investment.
63. Irrigation Business
Irrigation plays an important role in cultivation and farming. Therefore, a proper irrigation system is highly required for any type of farm activity. Generally, the business caters to a wide range of products and services. The list includes planning, designing, material supply, and installation.
64. Landscape Expert
A landscape expert is an educated expert person in the field of landscape architecture. You can offer a wide range of services as a landscape expert. The list includes site analysis, site inventory, land planning, planting design, grading, stormwater management, sustainable design, construction specification, and ensuring that all plans meet the current building codes and local and federal ordinances.
65. Organic Store
The demand for organically grown food is increasing rapidly. Apart from a physical store, you can establish an online organic store with moderate capital investment. However, the business demands proper operational and marketing plans to get success.
66. Soil Testing Service
This is a very specific type of service you can offer to your local farm owners. Even you can start a mobile soil testing service facility. However, you must invest moderate startup capital in laboratory equipment and testing agents.
If you want to get into service-related farming businesses, there is a wide range of opportunities to explore in the fields like soil testing, water testing, consulting, post-harvest management, marketing, insurance, distribution, packaging, transportation, storage, etc.
The farming industry is a profitable and lucrative industry. We hope the above-mentioned list of selected farming business ideas in India that we believe will help entrepreneurs in deciding their preferred business to start with.
Rupak is the founder of MUVSI. He is a small business consultant by profession. His mission is to make people know how to make money and understand personal finance for a better living.