[Music] the significance of agriculture in this modern day and age especially with the current Global Trends cannot be overemphasized for many African economies agriculture has proven to be a solid and trustworthy source of Revenue and empowerment in Africa the single most significant economic sector is agriculture producing an average between 30 to 60 percent of GDP and roughly 30 percent of the value of exports whilst giving employment to about two-thirds of the working population on a continent [Music] so often in the past agriculture has largely been restricted to the practice that only involves the tilling of
land and planting and cultivating of crops the concept of Agriculture has evolved to now include a broad range of activities that go beyond the conventional as a result of global transformation and expansion today the practices that build the agricultural sector have expanded massively giving rise to a plethora of successful commercial Endeavors in that respect our video today examines 10 lucrative agricultural business ideas which require no farming be sure to give the video a like comment and subscribe foreign agribusiness that engages in the processing of food into finished goods is one of the ways an entrepreneur
can enjoy the benefits of Agriculture without having to own a Farmland the bountifulness of farm produce at certain season makes it difficult for Farmers especially peasant Farmers to properly store their Farm produce a proper business model would take into consideration the possibility that farm produce would be bought directly from these farmers and might come at a cheaper rate the preference for finished goods has increased over the period once there is an available market for it there is money to be made the business operation could range from turning cassava into flower Tomatoes into paste or the
making of vegetable oil [Music] foreign agri-finance also known as agricultural financing is a concept that helps disadvantaged and Rural small-scale Farmers boost investment and minimize risk on their Farms which enhances production and revenue like any other investment or financial institution agricultural Finance organizations generate a profit by lending money to Farmers to support their expansion and growth variety of financial programs can be drawn to suit the preference of these Farmers though there might be inherent risks there is also the tendency of having a lucrative business when run properly foreign [Music] Supply is one that helps Farmers
increase yield and expand seed supplying helps in making well nurtured seeds of different varieties available as a business there will be no need of having a farm before commencement all it takes is harnessing the already existing market and fixed prices based on the pace of demand for seeds even though starting a seed supply business is relatively inexpensive the benefits far outweigh the cost flexibility is another quality a startup entrepreneur May under the appropriate circumstances even work from home [Music] foreign farm equipment is a great business possibility depending on one's level of investment there are several
ways to start a business sutland farm equipment is a successful Venture in both Rural and Suburban locations agriculture equipment supports a broad range of farm products in various sectors the rise of Agriculture equipment sales is being fueled by the growing automation of farming equipment and expanding population the selling of agricultural equipment is a successful industry that entrepreneurial Daredevils can Venture into foreign of agribusiness to think about is selling agricultural products this Enterprise can be thought of as including the operations of distribution retailing and wholesaling sometimes customers may not receive the fresh food from the farms
at the right moment this difficulty may be used as a commercial opportunity so that the farmer can sell its goods on schedule and customers can purchase fresh fruit pretty quickly to accommodate farm products that have the ability to be preserved for longer periods of time wholesale points could be set up for firms working in agriculture agricultural advisory Services provide a broader perspective due to the rapid speed of agricultural Innovation Consulting Services have become necessary a few of the services offered by agriculture Consultants include financial management feasibility studies market research soil education seat appropriation and financial
management there will always be a need for new Consulting service features products and services since firms and business processes are always evolving moreover a variety of price levels and business strategies may be used to cater for a wide range of clients the need for food has grown along with the population growth rate this has made it difficult for Farmers to increase their yearly output yields equitably over time the application of fertilizers has become an imperative practice by supplying the soil with abundant nutrients that a plant development fertilizers enhance the soil starting a firm for the
manufacture of fertilizer will be easier given the current market the amount of money you can make as a business owner producing fertilizer could be enormous the business is often profitable if the necessary expertise and Management Services are provided foreign [Music] product whether conventional or industrialized must be transported transport plays a crucial role in getting agricultural products from farms to markets and cities as a result a lot of agricultural Goods must be delivered to the sites where they will be collected stored or subsequently sold for sales large amounts of Agricultural Product might be lost or suffered
from degradation in the absence of a functioning Farm transportation service the chance for an entrepreneur to profit on Farmers dependency on Transportation might result in the creation of a successful Enterprise technology and Innovation should be the main priorities for agricultural Logistics and transportation in the future manufacturing animal feed is a successful agricultural business the right components are sourced by animal feed producers to make a recipe that is nourishing for farm animals businesses that produce animal feed offer their goods to farms and other Associated Industries so that the livestock owners can use it the production of
feed has emerged as an essential aspect of animal husbandry and as a result its profitability has increased foreign sector to grow and expand there is a need to inject major funding whether the operation of an insurance company a micro credit facility or soft loans resourceful Financial Designs can be made available to agricultural players with proper structuring and business models Investments can be recouped with interest to the benefit of the financial business foreign so there you have it the top 10 most lucrative agricultural business ideas which require no farming if you enjoyed this video watch also
the next one on your screen which looks at 20 practical money saving tips be sure to leave a comment to let us know what you think give the video a like And subscribe to the channel for more in cycle videos [Music] [Music] foreign [Music]
