Lucrative Farming Businesses
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The Most Lucrative Farming Businesses

Posted on |Agriculture and Farming|| 0
The Most Lucrative Farming Businesses

There are different kinds of farming, all of which deal with plants and animals for human consumption, or other purposes. Other types of agriculture are specialized in different kinds of plants and animals of agricultural interest.

The following are the most profitable farming businesses.

Aquaculture

Aquaculture is the breeding, raising, and harvesting of aquatic animals like fish, shellfish, and aquatic plants. The process involves rearing marine animals in an artificial reservoir or dam.

Aquatic farming is a multibillion-dollar industry, accounting for more than 30 percent of all sea animals consumed each year.

Fish farming is the primary source of fish for consumers around the world. The United Nations, Food and Agriculture Organization, said in a report that aquaculture is growing thrice the pace of land farming.

The rise of the human population will exponentially increase the demand for fish. The commonly reared fishes are catfish, tilapia, salmon, trout, and cod.

Poultry Farming

Poultry farming is the raising of birds for either domestic or commercial purposes. This is primarily for meat, eggs, and feathers.

Chickens, turkeys, ducks, and geese are the birds of central interest in poultry farming, while guinea fowl and squabs are domestic interests.

Chicken is the most sought-after poultry bird. Over 50 billion chickens are reared and bred every year for human consumption. Eggs, poultry meat, and feathers are all by-products of poultry farming.

The shift in consumers’ tastes from red meat to white meat is because of the research           that says white meat is healthier and more affordable than red meat.

The poultry farming market is expected to grow at a 3.65 percent CAGR between 2020 and 2028, from USD 235.04 billion to USD 313.11 billion.

Dairy Farming

Breeding, caring for, and managing dairy animals – mostly cows, goats, buffalo, and donkeys—with the primary goal of producing milk and other dairy products for both domestic and commercial use.

Dairy products are a crucial part of the world’s food network. Up to 6 billion people depend on dairy products like cheese, milk, yoghurt, and gluten.

Cow’s milk is the top agricultural product in more than 35 countries. The dairy product market cap was USD 489.74 billion in 2020, with a 2.5 percent increase expected in 2027.

Fruit Farming

Fruit farming is the planting, cultivating, and harvesting of fruit crops for domestic, industrial, and commercial purposes.

Fruit farming is a very lucrative business. However, this profit varies depending on the type of fruit plant you are into. Apple farming is most especially profitable.

Apple Farming

Apples are a ubiquitous fruit, mainly due to their health benefits and variety of uses. Cultivating apples on a large scale will require a large piece of land. The land should be prepared as if planting a traditional field crop, hence you would need a tractor hire for land preparation.

The fresh apple market is vast, with a USD78B cap. The market is expected to grow at a CAGR of 4% over the next five years (2022-2027).

Chris Evans Author

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