Are you in need of a profitable small-scale farm business? you can start in 2024 as a side hustle? This article will show you the top profitable ones.
Whether you want to farm for commercial purposes, or for yourself and your family, you are in the right place.
The Meaning of Small Scale-Farming
This refers to a small agriculture operation. There are various kinds of small-scale farming, it can be classified by its production capacity and limited size(less than three hectares in most cases.
As of 2021, the global estimate of the cost of a healthy diet was 36.66 purchasing power parity(PPP) dollars per person per day, up to 4.3 percent compared with 2020.
The Reasons You Should Start a Small-Scale-Farming
The common challenges most countries face are the presence of unhealthy fast food, scarcity of fresh foods, and an increase in price of the naturally grown foods.
Take, for example, the cost of a healthy diet increased by more than 5 percent in most countries except for some countries in North America and Europe between 2020 and 2021, which led to food inflation.
According to the Food and Agriculture Organisation of the United Nations (FOA), over 3.1 billion people in the world will be unable to eat a healthy diet in 2021.
Here are some of the Profitable Small Scale-Farming Business Ideas:
1). Microgreen Farming
This type of a Small-scale Farm business that has to do with the growing of young vegetable greens, which are normally ready for harvest after the first few leaves have developed. The tiny plants are very rich in nutrients.
Microgreen farming can be carried out indoors or outdoors, using the necessary seeds like sunflower, radish, or broccoli.
How To Start the Microgreen Farming:
Here are the simple guides:
- Select the seeds of vegetables or herbs that will be good for microgreen farming, some of the suitable ones are sunflower, mustard, radish etc. You have to choose based on your interests and the market demands.
- Create shallow trays or containers that have drainage holes. Make sure you fill them with the quality sterile potting mix.
- Mist the soil or you can make use of a gentle spray to water the seeds. Make sure you keep the soil moist but avoid waterlogging.
- Provide lights: you have to place the trays in a location with plenty of indirect sunlight or you can use any artificial grow lights because microgreens typically need around 4-6 hours of light daily.
You can sow new batches every 1-2 weeks to have more supply of fresh microgreens. For you know when the microgreens are ready to harvest, the first true leaves appear. This normally takes up to 1-4 depending on the type of microgreens.
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2). Poultry Farming
This is a Small-scale Farm business is carried out by rearing domesticated birds for meat or meat. Almost 1.1 billion chickens and 10 million turkeys were slaughtered in the UK alone according to statistics.com in 2022.
This shows that there are high demand for poultry produce and it is a very profitable business to start in 2024. There are no particular number of birds you can start with.
It is very essential to learn from poultry experts before starting a poultry farm due to the fragile nature of some of the bird’s species.
This will greatly help to reduce losses since the primary goal is to make a profit. Ensure you know the do’s and don’t of poultry farming.
3). Tree Nursery
When starting a tree nursery you need to get the required tree species, gardening, and marketing skills. You have to be patient, as the tree takes time to grow.
You can grow a tree from seedlings to desired size before reselling them to be planted in a permanent site.
Taking a glance at some of the articles on Quora, the fruit trees such as oranges, and apples and the rest trees such as pecans, almonds, and walnuts are some of the most lucrative trees to grow.
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Final Words
Many people start small farms for basically different reasons, so can start a farming business just to make money from it or feed their family.
You need to understand with a small farm, you can get both needs met.
