15 Best Money Making Agriculture Business Ideas in India

Hey guys! We are back with another article on Agribusiness ideas. This year, we are dedicated to finding the best money making agriculture business ideas you can pursue. Agribusiness is an ancient business domain with roots anchored to human civilization’s beginnings. The evolution of agriculture happened abreast of human evolution. Agriculture has undergone drastic changes in recent years with the aid of new technologies and ideas introduced recently. 

Agriculture continues to surprise us with its potential to create enormous revenues. Every day we witness brilliant, zealous individuals coming up with innovative ideas to make profits and thereby, take the sector to a higher level. We should always aspire to become those individuals by continuing to innovate and by realizing our dreams. With that let us begin with the best agriculture business ideas

A hydroponic retail store is a store that sells pieces of equipment that are required to start a hydroponic farming business and also for its maintenance.

Hydroponics is considered one of the best agricultural technologies today. Increasing emphasis on a healthy lifestyle, high demand for chemical-free nutritious products, and environmental concerns about water wastage have spurred the growth of the hydroponics industry. That is why starting a hydroponics retail store business is profitable. 

Structural requirements

  •  Suitable retail location
  • Hydroponic systems installation
Hydroponic Retail Store | Money Making Agriculture Business Ideas
Hydroponic Retail Store

Pros and Cons

ProsCons
High-quality fresh produce
Year-round production
Efficient space utilization
High initial investment
Requires good technical knowledge

Setup Cost

The cost of setting up a hydroponic retail store can be anywhere between ₹40 lakhs to 2 crores.

Strawberry (Frageria vesca) is a fruit crop having domestic and international importance. Its unique taste makes it a revered ingredient of several delicious food items. They are used in making syrups, juices, smoothies, cakes, and other foods. They are rich in Vitamins and Iron and are best to be consumed raw. They are grown in temperate regions with cool climates. Due to its high domestic and export demand, it is a great business idea that can bring in enormous profits.

Structural Requirements

  • Suitable land 
  • Irrigation systems 
  • Hoop houses or polytunnels to protect the crop
  • Storage facilities
Strawberry Farming | Money Making Agriculture Business Ideas
Strawberry Farming

Pros and Cons

ProsCons
High consumer demand
Short growing cycle
Pest and disease incidence
Perishable nature

Setup Cost

The cost for a 1-acre farm ranges from ₹12 lakhs to 20 lakhs.

Jatropha (Jatropha curcas) is an oilseed crop that has a significant commercial demand. One of the best attributes of this crop is its ability to tolerate a wide range of conditions. They are tropical plants, but can also grow well in subtropical climates. These crops can be grown in wastelands, drought lands, etc., and hence can add value to these lands that are otherwise unused. Jatropha seeds are also used in the manufacture of bio-diesel which is of great demand. 

Structural Requirements

  • Adequate land
  • Irrigation systems
  • Machinery for planting, harvesting, and oil extraction
Jatropha Farming | Money Making Agriculture Business Ideas
Jatropha Farming

Pros and Cons

ProsCons
High demand in the commercial energy sector
High tolerance levels
Market volatility
Variable oil content in seeds
Cost-intensive oil extraction process

  Setup Cost

The venture requires an initial investment of ₹1 lakhs to 3 lakhs.

Refers to the rearing of pigs, primarily for meat. Pig farming is one of the most profitable livestock business ideas in India. The maintenance cost is meager since pigs consume waste materials. It serves as a good waste-management plan. The pigs are reared for their meat (pork) which has a very high demand. Pig farming is also considered a low-risk business venture with a high chance of success. 

Structural Requirements

  • Well-ventilated housing facilities
  • Feeding and watering equipment
  • Waste management systems
  • Proper space for the pigs to move comfortably
Pig Farming | Money Making Agriculture Business Ideas
Pig Farming | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Robust demand
Pigs have rapid growth rate
High feed conversion efficiency
Quick returns on investment
Waste management considerations
Disease control
Market price volatility

Setup Cost

Establishing a small-scale piggery unit including housing, initial stock, and operational cost will cost approximately ₹1.5 lakhs to 4 lakhs.

Soybean (Glycine max) is an important commercial crop in India revered for its nutritional benefits. The crops are easy to grow and are environment-friendly, hence promoting sustainability. Apart from being used as food, they are also used as animal feed and for biodiesel production. They require very low investments and have a high Return on Investment (RoI), because of their high demand and profitability.

Structural Requirements

  • Land with well-drained fertile soil
  • Irrigation systems
  • Labor
  • Equipment for processing soybeans
Soybean Farming | Money Making Agriculture Business Ideas
Soybean Farming

Pros and Cons

Pros Cons 
Robust demand
Nitrogen-fixing crop, can improve soil fertility 
High returns on investment
Weather variability
Pest and Diseases
Market price fluctuations

Setup Cost

The venture requires ₹85,000 to ₹2 lakhs per acre.

Indian food is known for its high inclusion of spices. We can’t think of food items that don’t include spices. Spice farming and processing contribute significantly to India’s commercial agriculture scenario. Spice farming refers to processing spices to produce spice powders, paste, additives, and others. It is a lucrative industry due to its high domestic and international demand. However, one has to have a clear idea about the current market and should create strategies to tackle the existing competition.

Structural Requirements

  • Suitable space for operations
  • Equipment for cleaning, grinding, and packaging
Spice processing | Money Making Agriculture Business Ideas
Spice Processing

Pros and Cons

Pros Cons 
Increases the value
High-profit margins
Expanding global demand
Quality control
Lack of consistency in sources
Market differentiation

Setup Cost

Initial cost of equipment, raw materials, and labor may entail an investment ranging from  ₹2 lakhs to  4 lakhs.

Potato chips are a popular snack in India and abroad. It has become our favorite companion in movie theatres and during sports matches. Starting a potato chip production business is a wonderful idea because, with the right strategies, you can cash in on this ever-increasing demand for the item. Flavoring and quality are very important in this business. An important point is the presence of big global players in the market. So it will be better to start small, and then expand gradually.

Structural Requirements

  • Adequate space for operations
  • Equipment includes potato washers, slicers, fryers, and packaging machinery.
  • Labor 
Potato Chips Production | Money Making Agriculture Business Ideas
Potato Chips Production | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Growing demand
High-profit margins
Quality control
Shelf-life management 
Market competition

Setup Cost

Establishing a small-scale unit requires an investment of ₹3 lakhs to 5 lakh.

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Tilapia ( Oreochromis niloticus) is the most widely grown fish on Earth. It is also one of the most consumed fish species worldwide. In India, this fish was introduced in 1952 but was banned in 1959 due to its negative effects on the aquatic systems. Recently, however, the cultivation of Genetically Improved Tilapia (GIFT) was accepted with some guidelines. These fishes can adapt to wide-ranging conditions and possess high disease resistance. Tilapia farming is a venture that can easily bring you high profits.

Structural Requirements

  • Well-aerated ponds or tanks
  • Water filtration and circulation systems
  • Feeding and harvesting infrastructure
Tilapia Farming | Money Making Agriculture Business Ideas
Tilapia Farming | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Growing demand
High-profit margins
Short growing cycles
Quality control
Disease management 
Market saturation

Setup cost

Setting up and maintenance requires a total investment of ₹2 lakhs to 5 lakhs.

Involves the cultivation of crops such as barley, grasses, oats, and alfalfa, which are used as animal feed. One of the best aspects of fodder farming is its low-investment and low maintenance requirements. Rather than pursuing it as an individual business, it is better to do it as a compliment to your livestock farming business (if you have any). There are multiple varieties of fodder grasses released by various institutes in India each having its specialities. Choosing the right variety is also an important part of the business.

Structural requirements

  • Suitable land
  • Irrigation equipment
  • Labor 
Fodder Farming | Money Making Agriculture Business Ideas
Fodder Farming | Money Making Agriculture Business Ideas

Pros and cons

Pros Cons 
Consist demand
Low investment
Short growing cycles

Pest and Disease management 
Market fluctuation

Setup Cost

Requires an overall cost of ₹50,000 to 1 lakh

Refers to the rearing of rabbits mainly for wool and meat and other commercial purposes. Rabbit farming has gained popularity due to the low space requirements and relatively low investment costs compared to other livestock farming ventures. They can be grown in your backyard and fed with kitchen waste. They are a good addition to Integrated Farming Systems, where their excreta can be used as manure.

Structural requirements

  • Suitable housing facility with proper ventilation
  • Access to clean water
  • Feed 
Rabbit Farming | Money Making Agriculture Business Ideas
Rabbit Farming

Pros and Cons

Pros Cons 
High returns
Rapid herd growth
Market demand
Disease management
Protection from predators
Market fluctuation

Setup cost

The setup cost can be anywhere between ₹1 lakh to 3 lakhs.

A very popular business idea in India that is yet to realize its full potential. It is a viable business idea that requires suitable tropical or subtropical climates for successful cultivation. Banana is considered a good source of energy due to its high carbohydrate content. The fruit is consumed especially by athletes. The fruit has a high demand globally. With proper management practices, banana farming is an ideal profit-making venture.

Structural Requirements

  • Land with well-drained fertile soil
  • Irrigation equipment
  • Pest and disease management
  • Labor 
  • Manures and fertilizers
Banana Farming | Money Making Agriculture Business Ideas
Banana Farming | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
High returns
Year-round production
Market demand
Disease management
Need for regular maintenance
Market fluctuation

Setup Cost

The setup cost for banana farming includes expenses related to land preparation, planting material acquisition, irrigation systems, pest management, and labor. The total cost comes to  ₹ 2.5 to 3 lakhs per hectare.

As the demand for food is increasing day by day, countries are trying to increase production. As fertilizer application is an integral part of crop production, the demand for fertilizers will increase rapidly. Hence fertilizer distribution business is one of the best agriculture business ideas. The business involves the buying and selling of fertilizers to farmers and agriculture businesses. However, one must have a good understanding of soil, crops, and fertilizers to make it a profitable business.

Structural Requirements

  • Storage facilities
  • vehicles
  • Network of suppliers and buyers
Fertilizer Distribution Business | Money Making Agriculture Business Ideas
Fertilizer Distribution Business

Pros and Cons

Pros Cons 
High returns
Rapid growth
Consistent demand
Proper handling and management
Market fluctuation

Setup Cost

The setup cost for a fertilizer distribution business is around ₹3 lakhs to 5 lakhs.

In this fast-moving world, where people don’t have time to cook, starting a frozen food production business is a fruitful idea. It makes the job easier as now the only job remaining is to add the frozen product with other ingredients, saving precious time trying to prepare the produce. Since chicken is always in demand, frozen chicken production is a lucrative business. 

Structural Requirements

  • Poultry housing facilities
  • Cold storage
  • Processing equipment
  • Transportation facilities
Frozen Chicken Production | Money Making Agriculture Business Ideas
Frozen Chicken Production | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Value addition
Cater to retail and wholesale markets
Consistent demand
Proper handling and management
Fluctuating input cost
Strict regulations 

Setup Cost

The setup cost for a frozen chicken production business stands at ₹5 lakhs to 8 lakhs.

Pest attack is regarded as one of the most serious problems in agriculture. Controlling them is a strenuous task. Synthetic chemicals that can eliminate these pests are found to cause environmental problems. Therefore, botanical pesticides that pose little harm are considered an attractive solution. The production of botanical pesticides involves the extraction and formulation of natural compounds for pest control in agriculture. 

Structural Requirements

  • Facilities for extraction and formulation
  • Network of suppliers for raw materials
Botanical Pesticide Production | Money Making Agriculture Business Ideas
Botanical Pesticide Production | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Cater to organic farming
Consistent demand
Proper handling and management
Fluctuating input cost 
Strict regulations 

Setup Cost

The setup cost can be anywhere between  ₹5 lakhs to 8 lakhs.

Cashew nut is very important export crop in India. It has a high demand in the international market due to its nutritious quality. It has a great potential for value addition through processing. So, we can consider this as the great agri business ideas. Cashew nut processing involves the shelling, drying, and packaging of cashew nuts for the consumer market. 

Structural Requirements

  • Processing facilities
  • Drying equipment
  • Packaging materials
  • Transportation facilities
Cashew Nut Processing | Money Making Agriculture Business Ideas
Cashew Nut Processing | Money Making Agriculture Business Ideas

Pros and Cons

Pros Cons 
Value addition potential
High demand
High returns
Proper processing techniques
Strict regulations 

Setup Cost

The cost requirement is about ₹10 lakhs to 15 lakhs.

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The agriculture industry offers diverse opportunities for business ideas, ranging from traditional farming practices to innovative agricultural ventures. Each of the mentioned business ideas has its structural requirements, pros, and cons. Entrepreneurs seeking to venture into agriculture-related businesses should carefully evaluate the market demand, competition, and potential challenges before embarking on any specific business idea. With proper planning, effective management, and a keen understanding of the industry, these agriculture-based ventures have the potential to yield profitable returns and contribute to the sustainable growth of the agriculture sector.

Shuhaib Sherief
Shuhaib Sherief
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