Whether you’re an experienced farmer or just starting out, there are several profitable agriculture business ideas out there. From growing bees to marketing ostrich meat, there are many ways to earn money in the industry. But the process isn’t always easy.
Fortunately, the government is encouraging more people to get into farming. In fact, according to data from the U.S. Department of Agriculture, nearly half of the employed population worked in the agricultural industry at some point in their lives.
There are also hundreds of tech startups working in the agricultural industry. They have similar backgrounds to other startups in the early days of the Internet. These startups use technology to improve the agricultural sector.
Agribusiness is an important part of the global economy. It produces important products for export. The government helps farmers with subsidized inputs.
There are also companies that provide support services to farmers. These services help them compete with large-scale operations. Some companies are creating software that will monitor and optimize the crops they grow. Others are introducing hardware that will help farmers track pests.
One of the fastest-growing businesses in recent times has been the hydroponic retail store business. Plants are grown without soil. This saves space, and allows for easier harvesting.
Another startup is FarmLead, which connects farmers and grain suppliers. Their software allows farmers to predict their revenue, forecast profitability, and prioritize their workforce.
Farmers need advice and services. Some of the most innovative agricultural business ideas involve these services.