Some time ago, we published an article highlighting business opportunities in the agricultural industry. So today, we will focus on one section of that industry and that section is livestock. What is livestock?
Livestock or animal husbandry is simply the process of raising animals for consumption. But in this article, we’ll focus on the profit or business side of farming. It is a known fact that as long as humans exist, there will always be a need for food and the two main sources of food for humanity are crops and animals.
Today, livestock farming is one of the most profitable businesses in agriculture or the agri-food industry. But most people shy away from this business because it is capital and labour intensive. However, if you are interested in raising animals for profit, here are some animals you can raise and make money from their sales.
Top 15 Livestock Business Ideas and Opportunities
Livestock farming is a business that attracts people who needed empty land and resources to make it work. Now, as long as there is demand for milk, meat, leather products, etc., livestock will continue to be a profitable business. For those who are interested in this livestock business, it is important to know that there are several ways to make money from this business. You can choose to raise bulls or cattle for your meat or engage in large-scale dairy production. In fact, you can also make money by selling your lungs to organic fertilizer companies.
2. Goat farming
Goat farming is no longer a new business. Goat farming is a very lucrative and profitable business because goats have a low mortality rate as they are resistant to disease, weather and are omnivorous.
3. Sheep farming
The business of sheep farming can be very lucrative and a profitable enterprise, especially if you breed a good number of them. However, for an entrepreneur to succeed in such an enterprise, patience and understanding of the cycles of his business is required.
4. Poultry Farming
Poultry is a viable business at any time of day and the good thing about poultry is that demand is increasing as people are reducing their consumption of red meat due to health problems. There are several aspects of poultry that you can venture into raising chickens, Turkey, guinea fowl, quails, etc.
5. Raising pet birds
Another livestock business that you may want to consider is pet bird breeding. In this case, you will be raising birds for pet and other domestic uses, not for consumption. Examples of pet birds include parrots, pigeons, deaf chickens (peacocks and chickens), etc.
6. Fish Farming
Fish farming can be divided into two basic categories: freshwater fish farming and saltwater fish farming. The demand for fish can never be met and about 70% of the fish consumed in Nigeria is still imported, making fish farming a profitable business.
7. Snail farming
Another lucrative livestock business you can venture into is snail farming. As the migration from red meat consumption to white meat increases, the demand for snails will also increase because snails are a good source of protein. With only a little capital and a small space in the garden, you can start this business.
8. Pig farming
The management of a pig farm is another profitable business with less competition. Most people shy away from raising pigs because of their religious beliefs and the capital and labor investment required.
9. Worm Farming
Growing worms is the easiest way to turn leftover fruits and vegetables into a great potting soil or soil amendment for the plants in your home or garden. In fact, this is a business that most people are not even aware of.
Did you know that worms have an important role to play in maintaining soil fertility? Well, know today that there is a market for worms. Worm farming is specifically vital and useful for people who like to compost their food scraps but don’t have room for compost in their backyard.
10. Farming with lawn mowers
11. Shrimp farming
12. Lobster farming
13. Crab farming
14. Guinea pig breeding
Guinea pig breeding is very lucrative and rewarding because they are very prolific. First of all, mating is very simple. Breeding them is also easy and at the end of the day, you will smile as you watch these small creatures grow and develop. Just make sure you will be able to provide good homes for the babies.
15. Growing Rabbits
Rabbit breeding is a business that requires less space and can be done anywhere from a standard farm, backyard, terrace or even at home. The capital investment for this business is very small and the profit potential is enormous.