Do you want to start a livestock production business? If YES, find here a list of the most profitable livestock farming business ideas for your ready reference.
Basically, livestock products are the major source of animal protein for human consumption. In addition to that, we get other important materials from livestock. These are wool, skin, bones, etc.
From the ancient age, domestic livestock keeping has been a lucrative income source for human beings. These days, livestock farming is definitely a profitable business both large-scale and small-scale.
If you have some backyard areas you can start farming there. Otherwise, you can acquire a space for rent for farming purposes. In the USA, some of the major potential items are cattle, poultry, pigs, catfish, and sheep. The United States is the world’s largest beef producer and second-largest beef exporter, but significant imports of lower-valued processing beef also make it the world’s largest beef importer. However, you have to select the variety according to the local market demand.
Always select an animal that has demand in the local market. Because whenever you will carry them for a long distance it will increase your cost.
List of 15 Livestock Farming Business Ideas
#1. Crab Farming
Basically, mud crabs are most popular in Asian countries. Countries like India, Bangladesh, Thailand, and the Philippines are the major producers of mud crabs. However, the product has huge international demand too. The flesh of the mud crabs is delicious. With low capital investment, one can start and run a mud crab farming business even at home.
#2. Dairy Farming
Cattle farming or dairy farming is widely popular throughout the globe. However, cattle have the most unique and complex lifecycle of any food. Additionally, it includes a variety of segments. Apart from producing milk and meat, the cattle provide high-value hides for the leather industry. Cattle farming is easy. However, it demands moderate capital investment and strategic planning.
#3. Duck Farming
Actually, a duck is a specific type of poultry bird. There are a number of meat and egg-productive duck breeds available throughout the world. If you want to start a low-cost livestock farming business, then you can consider duck farming. Even, you can raise ducks without any water. Basically, it is a less expensive business. As the ducks are very hardy birds, they need less care and management.
#4. Emu Farming
Emus are large-sized poultry birds of the ratite group and have high economic value. They produce valuable eggs, meat, oil, skin, and feathers. USA, AUS, and China are the leading emu-producing countries. Emu is popular for producing low-calorie meat. Additionally, the birds take less food and convert them into various types of valuable products. Even, you can raise emu with your other livestock.
#5. Fish Farming
Fish farming is a lucrative business for ecopreneurs who have sufficient water bodies. However, you can also raise fish in the tanks. Different types of carp fishes, catfish, prawns, salmon, and shrimp are very popular globally. In starting a fish farming business, it is important to conduct a market survey to understand the local demand. Additionally, ornamental fish farming is also gaining popularity these days.
#6. Goat Farming
Undoubtedly, goat farming is a profitable business. The goat provides milk, meat, and skin. Basically, it is a low-investment and high-profit livestock farming business. Goats don’t require a huge area for housing because their body size is comparatively smaller than other livestock animals. Additionally, goat farming ensures high and quick ROI depending on the investment amount.
#7. Ostrich Farming
Ostriches allow the farmer to make higher and quicker returns on investment. These are big poultry birds. In recent years, a number of European and American beef producers have converted to ostrich farming because of its amazing profitability. An ostrich produces 40 eggs every year. Ostrich chicks usually reach market size in about 14 months. Apart from the meat, Ostrich provides leather and feather also.
#8. Pearl Farming
The cultured pearl industry is getting huge prominence these days. These cultured pearls make up nearly 100% of the pearls sold today. You can produce pearls on the pearl farm artificially. It is a highly profitable business. Though it demands long-term planning. Additionally, pearly farming demands specific knowledge and skill.
#9. Pet Birds Farming
This is another low-cost business you can start part-time also. You can start pet bird rearing at home. And there are numerous ways to sell the birds. Some of the most popular pet birds are pigeons, parrots, African grey, Amazon, Cockatoo, Macaw, Conure, Loris & Lorikeets, etc.
#10. Pig Farming
Pigs are a popular form of livestock. More than one billion pigs are butchered each year worldwide, 100 million of them in the USA. The largest pig exporting countries are the United States, European Union, and Canada. The majority of pigs are used for human food. However, it also supplies skin, fat, and other materials for use as clothing, ingredients for processed foods, cosmetics, and others for medical use.
#11. Poultry Farming
Any individual can start poultry farming for eggs and meat. Generally, egg-producing hens are layers and meat-producing hens are broilers. It is a profitable business. The demand for chicken meat is increasing day by day. Basically, chicken meats are a healthier animal protein than red meat. You can start poultry farming both on a small-scale and large-scale basis.
#12. Quail Farming
Basically, the quail is a small poultry bird. Quail farming is gaining huge popularity these days. And definitely, there are several reasons behind this. The list may include rapid growth, early sex maturity, short generation interval, and prolificacy in egg production.
Quail meat has less fat and fewer calories, forming an ideal food for health-conscious consumers. Quail eggs and meat are renowned for being rich in vitamins, essential amino acids, unsaturated fatty acids, and phospholipids. And all these are vital for human physical and mental development
#13. Rabbit Farming
Rabbit farming is both fun and profitable. You can raise rabbits for both pet and livestock purposes. Actually, rabbits are small-sized animals. So, they require less space, feed, care, and management. You can easily raise rabbits on your farm, backyard, terrace, and even at home. Rabbit has a very high reproduction capacity. One female rabbit can give birth to kids after every 30 days and 2 to 8 kids per delivery.
#14. Sheep Farming
This is another lucrative business for livestock farmers. You can raise sheep for milk, meat, and fiber. However, you have to select specific breeds depending on the agroclimatic condition of your area. Some of the major sheep-producing countries are mainland China, Australia, India, Iran, and former Sudan. Before commencing the business, you must craft a clear business plan including financial costs and revenue.
#15. Snail Farming
Heliciculture or snail farming is a lucrative business. Additionally, it is a low-cost livestock business that you can start from home. Snails prefer a wet atmosphere. And they become dormant in the dry season. And you will need to start the snail farm with the right species. Generally, the big-sized giant snails fetch more revenue than smaller ones.
In starting any of these businesses, you must craft a business plan prior. You must understand the cost related to it. Additionally, you must calculate the break-even time also. We hope this list of the most profitable livestock farming business ideas will help you in starting your own business.
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.