Scaling up an Agricultural Business in 90 Days
If there’s one sector that is always in rush, it is agriculture. India is an agricultural country, and farming is the backbone of commoners. It is the world’s largest producer of pulses, rice, wheat, etc. Nearly 70% of people are dependent on agriculture. The agricultural sector employs more than 52% of the total population.?
Hence it can be concluded that agriculture can be a potential business idea in India.?
Now, what is agribusiness? It is the business sector which includes farming and farming-related activities. It involves all the steps from sending an agricultural item to market.?
Agribusiness (Image source: agrifarming)
However, just like any other business, starting an agricultural business also needs proper systematic planning and strategizing to achieve the desired goals.?
A step-by-step guide is provided below. With the help of the steps given below, you’ll be able to scale up your agricultural business in 90 days:?
HDFC ERGO sets up a remote sensing lab for crop insurance (Image source: Moneycontrol)?
The first thing as a farmer is to decide what crop you want to produce. What you want to grow typically depends on you and your interests.
2. Draw up a plan to have a consistent growth
Consistent growth shown (Image source: Dreamstime)?
Planning is very much important in order to be successful. If you have a detailed planned study about all the ins and out, definitely you’ll be able to grow your business very quick and smooth.?
3. Figure out pricing
How to price your products (Image source: medium.com)?
Like any other business, you need to gather funds to get started. You’ll require land, license, types of equipment, and more. You could also manage to get a commercial loan or look out for investors willing to invest in your business.?
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4. Property purchasing
Uzbekistan offers 20,000 hectares of land to farmers (Image source: farmlandgrab)?
To start up, you’ll require a place. Well, purchasing the correct property is very important.?
You have to look over all the considerations before purchasing a property. Eg: climate, etc.?
5. Strategize?
Ways to strategize effectively (Image source: burnie group)
You have to plan to prepare the land. If you are growing crops, ensure the land is fertile enough, and if it’s not, use chemical fertilizers to make it fit for crops. In this step, you start to perceive everything from a business point of view.?
6. Execute your agricultural business plan
A great plan is only as good as execution (Image source: inward strategic consulting)?
You have created the business plan, now it’s time to bring it into action. It is important to be flexible in this journey and make certain to keep backup if something goes south way.?
7. Develop your product
Let’s say you decided to grow a carrot. You could choose to sell carrots. You could also produce and sell carrot juice and other carrot products.?
Decide on how you want to take your product. Figure out the methods that will keep your brand on top and sort out the pricing
At this step, you will want to develop your brand also. Start by establishing who you are as a business and what sort of service you can plan to provide for your customers.
8. Market your products
Farm produce pictures (Image source: unsplash)?
How you market your products will revolve around whom you plan on selling your products. Try targeting strong brands. This will give your brand identity and will help it grow.?
There are so many uncountable ways how to strategize and grow your business. Every agricultural business is hard and will be different.?
Now that we have discussed from ground level how to start an agribusiness with a solid plan, it’s your turn to get geared up and take up the guide and grow your agribusiness in a few days.?