MOST LUCRATIVE AGRICULTURAL BUSINESS IN WEST AFRICA

in #farms6 years ago

The demand for agricultural products, both in westAfrica and in the world as a whole, will always be high as food is one of the basic needs of human beings. Therefore, as an entrepreneur, you can capitalize on this demand and start an agricultural business that will bring you huge wealth.

There are many reasons why an aspiring entrepreneur should consider agriculture. There are endless possibilities in agriculture and more and more people are starting to recognize this, especially young people.

1. Poultry – chickens

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It is for meat production. The good thing about broilers is that they need very little time to mature.
The best time to start this business is February versus Easter and October sales for December. The cost of a one-day chick is N125, while a one-week chick is N250. It is advisable to look for chicks for a week as they have a survival rate of more than one day.
The bulk of your expenses should go to the feed for the chicks for a period of 3 months. At maturity, a chicken can be sold between N2,000 and N2,500. If only 35 of your chicks are left until maturity, you can earn $ 70,000 after the sale.
These prices are of course relative and subject to time and place. But that gives you a general idea of ​​the profitability of this business. You do not need special skills, only your determination to be successful and your willingness to learn.

2. Poultry farming - breeding layer

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Here rare your laying hens for the main purpose of laying eggs. It takes longer and costs a bit more money to mature this business, but here is the good: it gives you two important sources of revenue. You sell the eggs, which are very lucrative at all times, and when the layers get weaker, you sell them too.

3. Poultry feed production

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He was able to start producing food and feed all the poultry farms around him. Food is an excellent source of income in the poultry sector because they have to eat a lot for the chicken.
This requires that you know a lot about poultry farming and what constitutes food. Again, if you learn from people who are already in the business, you will learn many mistakes in downtime

4. Poultry farming: hatcheries

There are people who specialize in hatching day-old chicks for poultry farmers. Due to the demand of poultry farmers to breed more chickens, hatcheries are usually reserved throughout the day.
This is an opportunity for more people to enter this sector, as it is rare for poultry to have a holding involved in all processes. Specialization is the key.

5. Production of poultry equipment

These are usually skilled craftsmen who build the various devices in poultry farming: welders, carpenters, electricians etc. You can learn the different specifications required for the poultry team and you are in business.

6. Broiler and egg distribution business

This essentially means closing the gap between poultry producers and the consumer market. It is very lucrative and requires relatively little money to start.

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You can only focus on chicken, eggs or both. They know the poultry farmers, buy their stocks and sell them on the market to wholesalers and retailers. You do not need special skills, just your marketing skills and a working vehicle.

10. The breeding of catfish

Wels is a unique species rich in polyunsaturated fatty acids and helps to control cholesterol levels in humans.
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The many health benefits of this fish make it more popular with health-conscious consumers, especially those over 40 years of age. Restaurants, fast food restaurants, hotels, food courts (shopping malls such as Shoprite), pepper soup stores, women's market, secondary and tertiary institutions and offices are potential markets for any entrepreneur in the culture of catfish in Nigeria.
The profitability of fish farming depends on how much you are willing to invest as an entrepreneur.
In addition to the catfish culture, you can also specialize in fish food. This is another lucrative aspect in the fish sector. There are many articles on the internet about how to grow catfish in Nigeria.

As I've already explained, the best workout you can get is to visit a successful catfish farm and see things first-hand.

7. Fish farm

This is for people with great experience in fish farming. Many people who would like to start fish farming prefer to hire a fish brood advisor instead of buying finger cots, which is more expensive.
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You can start a fish farming business to help fish farmers set up and grow their business. The amount you charge for your services depends on your website and the number of breeding plants you need to incubate.

8. Exports of agricultural products

The export of agricultural products is one of the most lucrative agricultural trade ideas in which it can currently invest. Nigeria is the main exporter of some very popular agricultural products such as cocoa, cashews, sesame seeds, bitter kola and so on.
The products are sold in Europe, Asia and America. While the importers are crying because of the FOREX situation, the exporters laugh on the way to the bank.

9. Mushrooms

The strong demand for mushrooms inside and outside Nigeria has made the mushrooming activities profitable.
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The good thing is that mushrooms only take a few weeks to mature, so you can get income from this business in a few weeks.

10. Production of Yam flour

Most people prefer to prepare their crushed yam flour with yam flour instead of crushing the cooked jam. The times when African men demanded that their wives meet their yams every evening for dinner fade quickly.
This opens up another opportunity for entrepreneurs to venture into the yam business. The investment scale varies according to the available capital. A yam flour business is very easy to start.
At the lowest level you need a capital of about 20,000 N to buy big yams. Cut the yams into small slices and let them dry in the sun. Then take it to a grinding motor where it is ground to flour. The next step is packing and selling N200 for a small package.

11. Start a blog on Agro Niche

Young people adopt agriculture as a business enterprise. Most of them need reliable and accurate information to get started. You can start a blog about a niche in agriculture to make up for this lack of information.
For example, you can create a fish farming blog to inform interested fish farmers and fish farmers about new ways to manage their fish farm. You can monetize your blog through ads, sales of information products, and online advice.

12. E-commerce website based on agriculture

In addition, you can start an e-commerce website where farmers can sell their products. Many farmers complain that officials are stealing their hard-earned profits. Then an e-commerce site based on agriculture will fill this gap and eliminate the middleman. It will connect farmers directly with buyers.

13. Agricultural export agent

Exporters of agricultural products need agents who buy agricultural products from farmers. These agents know where the farmers are and the export process.

14. meat processing company

Nigeria still needs a shop that focuses on processed meat. Most of the meat sold in the country is kept in an unhygienic environment. You can build a meat processing company that processes and stores meat in a hygienic environment that is safe for human consumption. You do not need to breed processed animals from scratch, you can buy these animals from breeders in the country.

15. Tomato processing company

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Most of the processed tomatoes (sheet or sachets) consumed in this country are imported from abroad. You can get fresh tomatoes from northern farmers and set up your own tomato processing business.

16. Grass trimmer

Nigerians love to cut meat on a spit (Nchi). You can start a grass-growing business by cutting lawn trimmers to supply restaurants, unions and hotels.

17. Trade in palm oil

Palm oil is needed to prepare almost all delicacies from Nigeria. Therefore, there is a great demand for palm oil during the year. You can start a small oil processing company or buy the oil in barrels and resell it for a higher price.

All this are lucrative business in agricultural sector In West Africa

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