10 great Agribusiness ideas for 2016

It employs 43 percent of Ghanaians, according to data from the Agriculture Ministry. Pulse Business has compiled for you ten agribusiness ideas for 2016.

FERTILIZER DISTRIBUTION BUSINESS

Fertilizer distribution in Ghana is largely government controlled.  According the Ministry of Agriculture, 43% of Ghanaians are employed through farming and its auxiliary activities.

The fertilizer business shows no signs of declining. The growth is mainly driven by the increase in global population which is increasing the food demand. Fertilizers are extensively being used to improve per hectare production of crops that can be used for food and industrial applications. This is a huge profit making venture for people interested in helping people work with the soil, you might enjoy being a part of the fertilizer industry by starting fertilizer distribution business.

BEEKEEPING AND HONEY PRODUCTION.

Beekeeping is a huge avenue to make profit with little investment. You don’t need to have land or any establishment to start beekeeping business. It however demand day-to-day monitoring and close supervision with the bees.

Honey is in high demand globally because of the increasing awareness of its health benefits.

Other products like wax is a profitable venture to start with less startup investment.

FROZEN CHICKEN PRODUCTION

Many Ghanaians have come to depend on frozen chicken for some time now.  There is huge demand for it. A lot of people prefer not to go through the stress of slaughtering and preparing live birds because frozen chicken can easily be stored and used at will, thereby saving time; and many people think it is cheap too.

SOYA BEAN MILK

Soya bean milk is a healthy and nutritious drink that is in high demand by health conscious people. You can also start a soya bean milk processing business for a little capital.

RABBIT PRODUCTION

Rabbit production can be lucrative for an entrepreneur who has passion for animal husbandry. It is not expensive to start up. All you require is good knowledge in animal rearing.

You can start from your backyard with 1 male rabbit and 2 female rabbits.

Rabbits are prolific in nature and have low mortality rate. Rabbit meat is highly in demand as it is medically recommended over red meat.

SETUP A SMALL POULTRY FARM

Start up a small poultry at your backyard. Poultry farming is the fastest growing sector in agriculture and farming business, experts have said.

Poultry farming is a viable business anytime any day; and to be sincere with you, it’s a business I have been considering for some time now.

With the increased awareness on the health implications of red meat; there’s an increased demand for white meat and birds are a source of white meat.

DAIRY PRODUCTS

You can start making your own dairy products like milk, cheese and butter for sale.  However, you will need a detailed business plan and a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) of your plan and the resources you have available will be critical to the success of your business.

As a beginner, you have to try your possible best to keep cost at its lowest minimum. For example, you can make use of family labor. Talk to the people around you to help you work the farm, if you can. This is because the fewer people on the payroll at first, the better. Try and keep costs as low as possible.

POULTRY AND MEAT PRODUCTION AND PACKAGING

There is the general belief that manually packaged meat or poultry are not too hygienic because of the way they might have been handled. A lot of people are now making good money from machine processed and packaged meat.

FRUIT SALAD

Fruits are good for healthy living. People will like to have a taste of many fruits as much as possible. However due to cost, they restrict their desires. You can consider fruit salad- a mixture of packaged fruits-for people who want a mix of ‘everything.’

HATCHERY

Another very good business for young entrepreneurs is starting a hatchery for eggs and selling day-old chicks to poultry farmers.

It is a highly profitable business and your return on investment is very quick. The poultry industry is one of the fastest growing sectors in the world. You can start with very little money and you can start generating an income within 3 weeks from starting.

COMPOST PRODUCTION

Compost production is a great way of making money from organic waste. If you produce organic waste, say on a farm, you may be able to use composting to manage your waste. Composting and compost provide numerous opportunities for farmers to improve their production systems. Potential income either directly from tipping fees or selling surplus compost, or indirectly from increased production supported by compost-improved soil.