How to Make Money From Agriculture Without Going To The Farm

How to Make Money From Agriculture Without Going To The Farm

Agriculture has been known from time to time to be the major source of wealth, livelihood, and economic growth for any nation, and Nigeria is not an exception. Agriculture can be a very lucrative business for farmers and investors alike, as the cash crops, food, and fruits produced, coupled with fish and snail farming and poultry businesses, will always yield a good income as food is a very important commodity that people can never get tired of.

Get Up to $100,000 Student Loan for Your Master in US or Canada - Apply before 31 December 2024 to get as low as 9.99% interest rate

However, you can invest in the agricultural process and products and earn money from them without necessarily owning a farm or going to one. There are a lot of reasons why you can invest in agriculture, one of which is the increase in the value of the business, which is a low-risk investment with high profits and flexible work.

10 Ways to Make Money from Agriculture Without Owning a Farm

Here I will show you how to make money from agriculture without going to the farm:

1. Investing in a farm: 

This is one of the major ways you can earn money without owning a farm. You can either invest in someone’s farm by giving out capital that is needed for the business or earn profits. There are also online farms, which makes it easier to invest in a farm without physically being present there. You can also invest in a farm by giving out a spare piece of land to another person who has the time to help manage its for-profit purposes.

2. Exportation of farm produce: 

You can also earn money from a farm by working in partnership with farmers to export their produce, when harvested, to other states and countries where they are in need of it. Exportation of farm produce such as cotton, cocoa, maize, millet, cowpea, etc. can be very challenging but also rewarding with great profits.

3. Selling farm produce: 

You can also earn money from agriculture by buying and selling farm produce in bulk to consumers. This means that you can get these products at a cheaper rate directly from the farm, and you can sell them at the price of your choice to retailers and consumers. You can either choose to be a distributor who partners with a farm to sell or a retailer. In either way, you earn enough income from the business.

4. Farmland yield: 

Farmland investors can make money from agriculture through the harvesting of crops and fruits. They harvest these crops monthly or annually on the farmland. This farmland yield is beneficial to both farmers and investors. Even when there is a loss, the farmer can still start all over again.

5. Packaging and storing farm produce: 

If you can do food packaging very well, which would be appealing to consumers, then this is another good way to make money without owning a farm. A good and well packaged product is more attractive to the eye. Packaging and storing farm produce is also a great way to make money from agriculture.

6. Agronomy consultancy: 

Agronomy provides research-based background knowledge for farmers. They help to supplement the traditional knowledge of the way farmers do their things with new technologies and tools to increase yields and produce tastier and healthier farm produce. You can earn money from agriculture by rendering advice to farmers on their crops and investments. Agronomy consultants are always in high demand.

7. Farm transportation: 

Transportation is a major challenge for farmers, especially those on a small scale. Limited access to transportation can affect how a farmer will be able to move his farm products into the market. In order to cut out this hardship, farm transportation is necessary, as it helps to move the products with ease. You can improve transportation by buying a fleet of trucks and then partnering with farmers. Providing access to transportation for farmers can generate a strong profit.

8. Online farming: 

This is almost like the investment type of farming. In online farming, all you need to do is spend your money on the planting of a particular type of crop for a certain duration, and at the end of the planting season, when the crops have been harvested and sold, you will get both your capital and profits. There are a lot of online farms that are legit and offer good rewards.

9. Selling farm equipment: 

You can solve farmers’ problems by selling farm equipment and machinery and by selling high production seeds and crops, fertilizers, pesticides, etc. for efficient and high production farm produce. This is another great way to make a good income in agriculture.

10. 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 could start an online farming class, which can be interactive. This is a very good option for older, more experienced farmers who are looking for a retirement option. Also, as a young farmer, if you are skilled and have the ability to impart knowledge, you can also start your own tutorial online about farming. However, this can be very profitable for farmers who don’t just want to work on the field but also have the passion to share their knowledge with the next generation of farmers.

Read Also: 10 Tips for Present and Future Undergraduate Students in Nigeria

Did You Know ‘Smart Farming’ in Agriculture?

Smart farming is the application and implementation of modern information and communication technologies (ICT) into agricultural practices. With the experiments on plant breeding and genetics revolutions, smart farming is taking over the agricultural world based upon the combined application of ICT solutions such as precision equipment, sensors and actuators, geo-positioning systems, Big Data, Unmanned Aerial Vehicles (UAVs, drones), robotics and so on.

Smart farming is equipped with the potential to deliver a more productive and sustainable method of agricultural production based on a more precise and efficient approach. Additionally, smart farming provides the farmer with added value in the form of better decision-making or more efficient exploitation operations and management. It can also provide added benefits in terms of environmental needs, for instance, through the efficient use of water or the optimization of treatments.

Ways to Make Money From Your Own Farming Business.

1. Plant medicinal herbs: 

This is one of the most effective ways to make money from your farm. With the increase in the side effects of synthetic medicine, more research is being conducted for the use of natural medicine, which is gradually becoming a trend. People now make use of more natural medicines, which are obtained from plants, to cure their ailments. Medicinal plants like:

Aloe vera: this plant can be used to clear the skin, increase the growth of hair, and also stop balding in men.

Lavender: these plants have medicinal usage and are also used in cosmetics. It is a very rare plant to grow.

Lemon grass: this plant has high medicinal value; it can be used in curing malaria and fever, and it can also be used in soaps, perfumes, beverages, and so on.

2. Breed fish and snails: 

Other ways you can earn money from your farm include the breeding of fish and/or snails. The most popular type of fish to breed is the tilapia. The breeding of snails is known as heliciculture, and it involves the raising of land snails for human consumption. Every part of a snail body is usable, and therefore, there are fewer risks in snail farming than in any other type of livestock farming. This business is very profitable, which gives you the additional financial security you need.

Read Also: Top 7 Countries That Developed With Agriculture

3. Have a private lake: 

You can have a private lake on your farm if you have a lot of space. You can use it to charge for commercial fishing, which could be for fun where visitors catch the fish and then release them back into the water, or they can take the fish and pay for them. Either way, you will make a great income.

4. Breed chickens: 

You can add livestock farming, such as the breeding of chickens, to your farm for additional income. You can sell the chicken or sell the eggs that have been produced before they are hatched.

5. Start a honeybee farm: 

The harvesting of honeybees is known as apiculture. Honey bees can produce quite a lot of honey, which makes apiculture a very lucrative business,  especially for people who are not allergic to bee stings. It is important to make sure you wear beekeeper gear once you are around the beehive to protect yourself from the bee stings.

6. Investments: 

You can also earn money by investing in people’s farms. All you need to do is sponsor a farmer, either to buy equipment needed for the farm or the crops that will be planted, and at the end of the planting season, you get your profits. This is also a lucrative way of making good money from the farming business.

Agriculture is very important to any nation’s economic growth, and therefore, its consistent contributions to the evolution of mankind are overwhelming. Agriculture is a very great opportunity for one to make an income, either on a large or small scale. There are also a lot of career options in agriculture.

As the world keeps revolving, there are now different ways you can earn from agriculture without owning a farm or even physically being present on the farm. There is also the use of online farming, which can be done from the comfort of your home. All you need to do is invest your money in farmers who are willing to do the work, and you will get your profits at the end of the farming season. Indeed, agriculture can never be out of season.

Read Also: Top 10 Universities to Study Agriculture in Germany