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The Ultimate Guide to Starting Your Own Agribusiness at Home

Updated on April 9, 2017

A Brief Overview of Commercial Farming.

This hub is for those with great passion for using Agriculture as a worthy profit generating tool. By the way, have you ever come across an empty piece of land and wished that the owner allowed you to make use of it for a season. I personally have for many times. With all the changes in Agriculture driven by demographic, economic and environmental changes, farming has become a lucrative entity. Through specialization, use of modern farming technology and employment of sound management principles, medium and large scale farmers are reaping more profits while only using minimum resources. This is all due to wide scale application of Agribusiness concepts. So, what makes this form of farming a plausible solution to food shortages in the 21st century?

AgriBusiness is a sustainable farming model that has helped small and medium scale enterprises enjoy relative economic success in farming while still providing for their families.
AgriBusiness is a sustainable farming model that has helped small and medium scale enterprises enjoy relative economic success in farming while still providing for their families. | Source

What is Agribusiness?

This is a rigorous farming model in which modern technology is extensively used to increase productivity. Agribusiness is based on sound commercial principles with an aim to improving crop production, breeding, agri-chemicals, product processing to add value and subsequent sales of the produce.


Oftentimes, Agribusiness incorporate farming, processing and product sales effectively eliminating middlemen.

Is there a difference between Agribusiness and Agricultural economics?

Many people often question the variation between Agribusiness and Agricultural economics. Fundamentally, there's only a slight variation. While both deal with improving Agricultural output and resulting profits, Agricultural economics largely focuses on land usage, control of environmental factors such as water, consumer economics and ultimately farm management. Agricultural economics involve both small scale and medium farming enterprises. On the other hand, Agribusiness is more popular with corporate farming.

Principles that Guide Agribusiness Managers.

Agribusiness managers ought to be competent, informed and generally flexible so that they can sustain a commercially oriented mode of farming. This is why understanding the guiding principles of agribusiness management is vital for any agribusiness manager. Below are the basic agribusiness principles and their role in success of any agribusiness entity. Read on.

Principle 1: Planning

Agribusiness is no different to a mainstream commercial entity. It's success is pegged on the understanding of marketing needs, the effectiveness of the marketing strategy in place and the ability to compete with similar brands. Planning helps to layout a winning marketing mix that will help edge competition. Through apt planning, marketing roles are assigned to the right people and resources set aside for the same.

Principle 2: Organizing

This entails arranging available resources so as to guarantee success and eliminate possible pitfalls. Organizing incorporate guiding decision making, seeking the right support such as legal guidance or partnerships.

Principle 3: Controlling.

Controlling entail moderating the usage of various resources. This includes coordinating efforts to achieve primary and secondary goals and reporting on the same. Agribusiness managers design and control management process and also undertake to report on any progress in the agribusiness.

Principle 4: Directing

This entails ensuring that set goals are achieved in specified time and under set budgets. Directing is concerned with budgeting, accounting and organizing production.

Important resources on Agri-Business.

Profitable Agribusiness Ideas for Small Scale Farmers

Medium and large scale farming calls for intensive capital and labor. Due to this, small scale farmers have ever been compelled to stick to traditional, less productive methods for lack of funds. Rise of cheap agribusiness alternatives have turned the tide though. There are multiple choices that peasant can turn to even with their limited resources. Here are five such options.

1. Miniature Greenhouses that Can be Moved from One Place to Another.

A recent innovation that helps reduce insect and disease buildup in the close environment of a green house. Movable green house can be moved in different times to allow soil and crops access to sun's warmth. This prolongs farming season and thus increases returns for farmers.

The small structured can erected on minimal space yet they are highly productive and less costly than open farming.
The small structured can erected on minimal space yet they are highly productive and less costly than open farming. | Source

2. Aquaponics

Aquaponics is a dynamic and environmental friendly farming model. It involves growing fish and vegetables in a self sustaining model. Water used in aquaponics is recycled within the same and thus reused time and again.This saves water wastage while guarantee farmers constant supply of vegetables, fruits and fish.

Beekeeping is fast dwindling making honey products expensive. For this, Apiculture is a lucrative opportunity for farmers to make large profits.
Beekeeping is fast dwindling making honey products expensive. For this, Apiculture is a lucrative opportunity for farmers to make large profits. | Source

3. Apiculture

Basically, apiculture is farming of bees. It presents great opportunities for farmers to gain numerous profits especially with dwindling honey products in the world market. Apart from honey, apiculture farmers benefit from pollination around their farms.

Hydroponics farming eliminates challenges such as soil infertility, environmental degradation and land shortages.
Hydroponics farming eliminates challenges such as soil infertility, environmental degradation and land shortages. | Source

4. Hydroponics

Is a farming model that is independent of soil. In hydroponics farming, plants are grown in a nutrient rich, pH adjusted nutrient solution. This makes plants grow at a high rate since there are less disease and environmental interference. More so, it can take place on small piece of land.

Safety Tips for Farmers

As with any other undertaking, farming poses a series of risks that can harm you as a farmer. It's important to ensure you are well protected even as you go about your duties in the farm. Here are some simple tips to keep you safe:

1. Always wear protective clothing such as safety toe boots.

2. Always consult a professional before opting to use a product you aren't conversant with.

3. Don't overburden yourself by carrying overly heavy equipment.


Poll

How much do you earn from agribusiness

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Summary

Do you have an alternative form of agribusiness farming that could benefit small scale farmers? Kindly share with fellow hubbers in the comments section.

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