6 ways to make money in Agriculture without farming.
Nowadays investing in agriculture does not necessarily mean having a farm, You can still do farming and make decent money without even owning a farm or having to go to the field and toil like farmers,?
I mean you can do it virtually, The only thing that matter is your CASH?
A lot of people want to engage in Agriculture, not because it's trendy but because it is promising, and slowly people trying to see the real wealth in it.
The funny thing is we can't have a world full of farmers, but I think everyone is responsible to make sure food is produced and the environment is conserved at some point.
So let us go straight to the point, Below are 6 ways to do so.
Solve farmer's problems :I think this is one of the easiest ways to make money in agriculture because this sector has a numerous number of problems to be solved. From farm mechanization, food waste, post-harvest loss, market constrain, Labor shortages, food safety, and many others,?
So if you are brilliant enough to solve them, all the money is yours.
It's interesting because some innovators and other problem solvers are leveraging technology to solve those problems. may seems easy but not. Agtech companies are always slow to ride and facing a lot of challenges
Virtual farming: This is almost like an investment type of farming. In online farming, all you need to do is spend your money for the planting of a particular type of crop for a duration and at the end of the planting season when the crops have been harvested and sold, you'll get both your capital and profit.
Some people think this is a scam but there are a lot of farms that are legit and offer a good reward.?Here is a few examples In Tanzania JATU, MR.KUKU also there is another global farm crowdfunding platform eg Farmcrowdy,?Ifarm360
Consultation and training: Do you have good knowledge of farming and cultivating horticultural crops or rearing animals? if yes, Good! It's time to make some money.
Try to package your self maybe collaborate with successful?farmers and provide training plus consultation for the people who are interested in farming,
You can use a successful farmer as a testimonial to make other people believe. On top of that, you can resell farming material because you're the expert already.
Exportation Business: With the current unstable exchange rates, There is no doubt that exportation is a gold mine. This multi-billion business is valued 70.3$ billion in 2022 to 2023 and grows at a compound annual growth rate of 24% you can see the figures.
So, you can decide to focus on exporting agricultural produces especially horticultural crops to the countries that need them, especially the EU and UAE.
To do this you can simply partner with manufacturers or farmer, follow the legal exporting procedures, go and buy the produces, export it to either individual in the diaspora or companies.
?Exportation can be quite expensive to begin but the return would be worth it trust me.?
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Production, Processing & Packaging:?Adding value to agricultural produces is where the money is.?In Tanzania, anyone who can properly process and package products better than foreign products can make a scary profit because sometimes you can even triple the actual price.
Why??
It's quite appalling that Tanzania has been importing some agricultural products like rice, Soya beans, maize, etc but I see consumers nowadays are seeking an alternative to these items that are produced within the country.
Thanks to low-cost technology like solar drying and freezing that simplify the process of adding value.
Store food items: My family used to make a lot of money from this business, Also I know a lot of people who did,
It's simple like this.
Go and buy food in the season of plenty, store it in a food store and sell it off at a time of scarcity. For instance, Rice, Beans, and Wheat are the most demanded item during dry seasons, So you can buy them in bulk when the prices are still low and the product is everywhere and sell when it becomes expensive and in demanding simply its a game of "demand and supply"
Teaching farming classes: If you are a farmer and you are confident in your skills, you can share your knowledge with young farmers who would pay for your classes. You can start an online farming class which can be interactive and this is a very good option for retired people.
I repeat if you are skilled and you can impart knowledge, also start your tutorial online about farming. however, this can be very profitable for farmers who don't just want to work in the field, but have the passion to share their knowledge with the next generation of farmers.
Bonus
Investment / strategic contract farming?You can also earn money by investing in people's farms. All you need to do is to sponsor a farmer either to buy equipment needed for the farm or crops which will be planted and at the end of the planting season, you can help them to access sure market, there after you get your profit.
?This is also a lucrative way of making good money from the farming business.??
As the world keeps revolving, there are plenty of ways you can earn from agriculture without even owning a farm or even physically being present on the farm, All you need to do is to invest your money in farmers who are willing to do the work and you get your profit at the end of the season. Indeed, Agriculture can never be out of season.
Let's make an Africa that can feed itself and feed the world.
Thanks for reading my article. don't forget to share your comment below.
I like to write more about the future of agriculture and the wave of new Generation.??
Helping SMEs understand industry trends, spot growth opportunities, and develop effective strategies to achieve their objectives.
2 年Nzuri
Digital Marketer | Content writer
2 年This is a great, For the people who want to invest their money and also are interested in agriculture. I like the one that you can solve farmers' problem, you get money while you make their work a bit easy, it's a win-win.
Business Operations Leader | Organizational Excellence, Business Strategy Execution Expert, Leadership Development and Performance Improvement Professional with over 20 years of experience.
2 年Farming is very easy theoretically, but in practice, things are different. If someone is thinking about solving farming challenges, I suggest he practice farming first.
Content Alchemist: I turn online attention into paying customers for B2B & personal brands.
2 年Very helpful tips here. I'm doing "kilimo cha M-Pesa" ?? you send money home, you buy maksai wa kulima and the rest is done for you.