Most Popular 10 Profitable farming business ideas in India

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Farming Business creates opportunities to lift people out of poverty in developing nations. over 60% of the world’s working poor works in agriculture field. Farming businesses create more jobs and employment opportunities all over the world. Here I describe in this blog popular 10 profitable farming business ideas in India.

Agriculture is the primary source of livelihood for about 58% of India,s population. India’s arable land area of 159.7 million hectares (394.6) a million acres is the second largest in the world after the United States.

Gross Irrigated crop area of 82.6 million hectares (215.6 million acres) is the largest in the world. China is the country with the largest agricultural land extent (500 million hectares of land) followed by the United States and Australia.

India is one of the largest agricultural product exporters around the world. During 2021-22, the country recorded the US $49.6 billion in total agriculture exports.

According to the Economic Survey of India 2020-2021 GDP contribution by the agriculture sector is likely to be 19.9% in 2020-2021.

What is farming business:-

A farming business includes farming activities-farming, production,marketing, and management of agricultural commodities like grains, vegetables, fruits and livestock.

Farming Business is an Industry engaged in the production operations of farms, the manufacture and distribution of farm equipment and supplies and the processing, storage and distribution of farm commodities.

Government Facilities to farming Business:-

Paramparagat Krishi Vikas Yojana (PKVY) comes under the central government scheme; the Indian government provides financial help to the farmers of Rs. 50,000 per hector every three years for organic processing, certification, labeling, packaging and transportation in organic production.

Pradhan Mantri Fasal Bima Yojana (PMFBY).Insurance protection for food crops, oilseeds and annual horticulture/commercial crops is notified by the state government. Uniform maximum premium for all farmers (i) Kharif Season-2% of sum Insured (ii) Rabi season 1.5% of sum insured.

What is Organic Farming:-

In India the Organized farming business ideas are very popular and profitable business ideas among the farmers. Organic products are the best for health. It means the demand for organic products is increasing. With organic farming any farmer can earn a good amount of profit.

Organic farming is agriculture that makes healthy food, healthy soil, healthy plants, and healthy environments a priority along with crop productivity.

1. Grapes Farming Business:-

Grapes are remunerative crops. Graps cultivation in India is a very profitable business. Fruits are very popular in India. Grapes cultivation are also very popular farming business in both fresh and processed items.

Commercially this is a very important fruit all over the world. Grapes account for 16% of world fruit production.

In graps production China is the first in Asia. In India, the top Grapes producing states are Maharashtra, Karnataka, and Tamil Nadu & Andhra Pradesh. It is most profitable farming business ideas in India.

The Health benefit of Grapes:-

1. Grapes containing powerful antioxidants are known as polyphenols. It helps slow or prevents many types of cancer, including the oesophagal, lung, mouth, pharynx, prostate & colon.

2. Fiber and potassium in grapes also supports heart health.

3. Grapes have a high water content.

4. This keeps you hydrated and your bowel movements regular. It is a high antioxidents products for eye health.

5. Grapes are good for skin and hair health.

From farming annually you will get Rs. 2,50,000 to Rs. 3,00,000 per acre of grape production in India. It is a very profitable farming business idea in India.

2. Pomegranate Farming Business:-

Commercial production starts within 3 years of a pomegranate plantation and it lasts for 30 years. Pomegrants are a high value crop in the market. It has huge export potential in the market. Pomegranates Farming is the best business for the farmers to earn more profits.

Health benefits of Pomegranates:-

1. Pomegranate has anti-oxidant, anti-viral and anti-tumour properties.

2. It is a good source of vitamins, especially vitamin A, vitamin C, vitamin E, as well as folic acid.

Globally, Egypt, China, Afghanistan, Pakistan, Bangladesh, Iran, Iraq, INDIA & Burma & Saudi Arabia are all important pomegranates growing

countries.

The top exporter of Fresh Pomegranates is Canada -at 10.6% and Thailand at 9.03%.

In India, the state of Maharashtra is the leading state with 82 thousand hectares of land area under pomegranates cultivation, followed by Karnataka and Gujarat with 13.6 thousand hectares and 5.8 thousand hectares of land. Andhra Pradesh & Tamil Nadu are the 4th and 5 the position state in India.

The minimum income per acre even without taking special care is Rs.2 Lacs, which beats the profit from sugarcane. With proper farm management, you can touch Rs.15 Lakh per acre.

3. Capsicum Farming Business:-

Capsicum is important in cooking. The method of growing capsicumiis very easy. Farming under a controlled atmosphere brings more yieldand profit more than the open field.It is the most profitable farming business idea of INDIA.

Generally green, orange, yellow and red are the most common and popular types of capsicum, you can find globally. The color variety depends on the time of harvest and the degree of ripening.

Globally, you will find capsicum farming in most parts. Especially, you can find it in the temperature regions of Central and South America and European countries. You can also find it in tropical and subtropical regions of the Asian continent, mainly India & China.

Health Benefits of Capsicum:-

Capsicum contains plenty of vitamin C. However, you can find the

highest amount of Vitamin C in red verity. These are a good source of Vitamin E. Vitamin E plays a key role in keeping skin and hair beautiful.

Capsicum also helps in activating thermogenesis and increases metabolic rate. Hence, it supports weight loss. In the greenhouse, the crop duration of green and colored capsicum is about 7-10 months and yields about 80-100 tons per acre.

Generally, greenhouse farming protects fruits from the air,wind, and high temperatures. Hence it helps to minimize the damage ofinsect pests and diseases thereby improving the quality of yield.

With a bit of hard work and an understanding of nature, any Farmers can earn a minimum of Rs10 Lacs per annum from 1 acre of land

4. Vegetable & Fruits production farming:-

As per the National Horticulture Database published by the National Horticulture Board, during 2020-21, India produced 102.48 million metric tons of fruit and 200.45 million metric tons of vegetables.

Vegetable business in India profitable business. On average, retailers are selling vegetables for more than 48.8% of the wholesale price in the market.

At present, greater than 70% of our population is engaged in agriculture over an area of 320million acres. Out of the hardly 1-2% of the total cultivated the area is under vegetable crops. This figure shows how vegetable farming is so important for India.

The vegetable farming business is a profitable business and it is not only for a big farmer. It is also profitable for small and marginal farmers. Small-scale vegetable farming has earning potential throughout the year.It is the most profitable farming business ideas in India.

Among the fruits, the country ranks first in the production of Bananas (26.29%), Papayas (43.26%) and Mangoes including mangosteens and guavas (45.14%). There are tremendious opportunities of exports in India.

West Bengal produces 15.9% country,s total vegetable production in 2018-19, while UP produced only 14.9%, Madhya Pradesh 9.6%, and Bihar 9% whereas Gujarat only produces 6.8% of the vegetable producer of our country.

If farmers utilize water, soil and fertilizer and land with 4-5 types of vegetables, farmers can earn 8-10 Lacs per annum.

5. Herbal and Medicinal plants:-

Herbs and aromatic plants are used for ayurvedic medicinesand personal care products-sold by companies like Dabur, Himalayan,Natural Remedies and Patanjali are the main ingredients of this farm. earnings boom.

Many herbs like Ateesh, Kuth, Karanja, Kapikachha,shankhapushpi these herbs and aromatic plants mean little to urban consumers but represent a life-changing income opportunity for some
farmers.

Acharya Balkrishna says the company is always ready to help the farmers who cultivate herbs under their company.Industryestimates that the market for herbal products at Rs. 50,000 crores is growing at a fast annual clip of 15%growth.In India, mass consumed medical plants like Tulsi, Aleavera, Brahmi, Ashwagandha, Isabgol and Senna generate more profits of more

than Rs. 1,00,000 per hectare per year.

In India of 17000 species of higher plants, 7500 are knownfor medicinal uses.Cultivation of medicinial plants in a commercial mode is one of the most profitable agribusiness farmers in INDIA.

If anyone has sufficient land and knowledge of herbal marketing, then they can earn a high income with moderate investments.

Farmers growing herbs, largely used in ayurvedic medicine, in the higher reaches Uttarakhand and Himachal Pradesh may easily get Rs.2-Rs5 Lakh per acre. A lavender farmer may get Rs.1.2 Lakh Rs1.5

Lakh return per acre.

The top 10 herbs for your Kitchen are Basil, Cilantro, Dill, Mint,Oregano, Parsley, and Rosemary. Most farmers in India earnings asmuch as Rs. 3 Lakh per acre by cultivating HEBS.

6. Horticulture Farming:-

India is currently producing about 320.48 million tons of horticulture produce which has surpassed the food grain production, that too from much less area (25.66 million hectares of land) for horticulture against 127.6 million hectares of land.It is the most profitable farming business ideas in India.

In India all sorts of fresh fruits, vegetables, and medicinal plants can be grown in different regions of the nation. In addition, there is also health consciousness among the Indian population.

Despite the challenges in horticulture, gamers can earn a net profit of Rs.1 Lac per acre of land annually if they focus on horticulture production.

There are 4 types of Horticulture:-

1. Olericulture-Which is the production of vegetables.

2. Pomology:-Which is called fruit & nuts culture.

3. Viticulture:-The production of grapes (largely intended for winemaking)

4. Floriculture:-Floriculture the production of flowering and ornamental plants.

The total horticulture production has increased from 212.2 million tonnes in 2007-08 to 311.71 in the year 2018-19.Career-wise, both agriculture and horticulture are the best in India. Horticulture is the highest demandable stream in India.

7. Banana Farming:-

Banana is the second most important fruit crop in India next to mangoes. Banana is all around availability, variety of range, taste, nutrition and medicinal value making them favorite fruit among all classes of people.

Banana contributes 37% of total fruit production in India. Bananas occupy 20% area among the total area under crop in India.

In Banana production Maharashtra state is the no1.in India. Jalgaon is a major growing district in Maharashtra which occupies 50,000 hectares area under Banana.

By cultivating 1 hectare of land of bananas you can make a profit of about Rs. 8 Lacs per annum.

The highest Banana produces in India are1. Andhra Pradesh 5838.88 mt., Maharashtra is 4628.04, and Gujarat produces 3907.21 mt of bananas in 2021-22.

Nearly one farmer can produce 100mt. of Bananas in one hector of land in IndiaThese bananas sell between Rs.20-30 per kg. If the average price is Rs. 12 then you can earn Rs12, 00,000 lacs per annum. Around Rs 8, 00,000 will be the net profit.

8. Mango Farming:-

Mangoes yield per acre in 1 year 2.5 to 3 mt. (cost is Rs. 2, 70,000) if cost per kg. Mango is Rs. 100(average cost).The total profit from the revenue is ( Rs. 2,70,000-Rs. 2,00,000)= Rs. 70,000.

Uttarpradesh is the rank first in Mango production with a share of 23.58% and the highest productivity in 2021-22.

Mango is the major production farming in Indian Agriculture farming.Besides the delicious taste, excellent flavor and attractive fragrance; it is rich in Vitamin C & E.

Mango fruits are utilized at all stages of their development both in their immature and mature states. Raw mango is used for making chutney, pickles and juice purposes in India.It is the most profitable farming business idea in India.

The ripe fruits besides being used for dessert are also utilized for preparing several products like squashes, syrups, jams and jellies.

Mango occupies 22% of the total under fruits comprising 1.2 million hectares, with a total production of 11 million tons. Uttar Pradesh, Andhra Pradesh, and Telangana have the largest area under mango each with 25% of the total area followed by Bihar, Karnataka and Tamil Nadu.

The Mango plantation’s ideal spacing in the orchard is 10 10 meters. Within this distance, 82 trees can be planted per acre. Mango is planted at 3x2meter which accommodates 674 plants per acre.

The total cost of a 1 acre Mango Farm Capital cost for the establishment of one-acre mango cultivation is Rs.. 80,000.

9. Broiler Farming:-

Today India is the the fifth largest producer of broiler meat in the world. Broiler annual production of Broiler in India is 2.47 million MT.

Despite this achievement, the per capita availability of Broiler meat is 2.96 kg which is below the ICMR recommendation of 11 kg. Meat per capita per annum.

Total sale value /income from chicken @ Rs.90kg. Rs. 21,60,000.The total profit on the investment is around Rs. 4,44,000.(annually).The sale of other byproducts of farms like manure and gunny bags can bring in an extra income of around Rs.25000.

Owning a poultry farm can be a lot of, can do a lot of hard work. But it can also be very satisfying Poultry farming has proven already that it can be very profitable.

If there is enough space and knowledge, you can start a poultry farm in your local area with a very small investment.

Tamil Nadu is the largest poultry farming business in India. Amounting to 12.8 million in 2019. Haryana, Uttar Pradesh West Bengal is the leader in poultry meat production in the country.

The largest producer of meat in the country is Uttar Pradesh producing 23% of the total meat followed by west Bengal.

If you start a layer farming from a small level ( 1500 chicken, then you can earn Rs. 50,000 to Rs. 1,00,000 every month.First of all, you have to spend 1-2 Lakh will have to spend on the cage & equipment & Rs. 50,000 for buying chicken.

Poultry farming is one of the fastest growing and most profitable agribusiness in the current Indian market scenario.

10. Fish Farming:-

Fish is filled with omega 3 fatty acids and vitamins such as D and B2.Fish is rich in calcium and phosphorous and a great source of minerals such as zinc, iodine, magnesium, and potassium. It is most profitable farming business ideas in India.

India is the third largest fish-producing country in the world. It is accounting for 7.96% of the global production and second largest producer of fish through aquaculture, after china.

Andhra Pradesh is the first coastal aquaculture and freshwater fish production in India. It ranks second in fresh water fish production. In prawn production, Andhra Pradesh contributes nearly 40% of the total marine exports in the country.

Andhra Pradesh recorded the highest production of inland fish (34.50 lakh tons), whereas Gujarat is the leading state in Marine fish (7.01 lakh tons) in the country.

The average net income from Catla fish farming is over Rs. 1,00,000 per acre per year. However, with proper management net profit can rise up to Rs1,50,000 per annum.

Commercial fish farming has already been shown to be a profitable business enterprise throughout the world.

Fish is a major source of food and protein, it is in high demand and the price of fish and fish related products is fast rising in terms of population expansion.

Conclusion:-

As per the economic survey report over 70% of rural households depend on agriculture. Agriculture farming is a very popular sector of the Indian economy. It contributes about 17% to the total GDP and provides employment to over 60% of the population.

A strong agricultural farming business can bring economic development and social progress by increasing productivity, employment opportunities and income of the people.

The top 10 most profitable farming business ideas which I have discussed above kindly read and give your comments.

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Most Popular 10 Profitable farming business ideas in India

ByAJAY PATRA