Are you considering getting involved in businesses that are different from your regular job? Are you looking for extra cash? Are you considering farming so as to increase your income? Do you want farming on the side to support your family? You are most likely looking for something to do on the side asides your regular paying job.
Provided below is the top 5 profitable businesses of the various small scale farming that you can involve in. I am certain that the information you will find here will go a long way to help in your quest for more income and profits.
Before we go into more details, it is important that you know the different types of farming. You may decide to go into either crop farming or livestock farming.
While crop farming deals basically with a modern form of intensive farming that refers to the industrialized production of crops, livestock farming is the raising of animals for food and for other uses. ‘Livestock’ here refers firstly to cattle or dairy, poultry, pigs, horses, goats and sheep.
Today, even animals like donkeys, mules, rabbits, snails and insects such as bees are being raised as part of livestock farming.
I will therefore briefly endeavor to categorize the basic small scale farming under the livestock farming:
1. Cattle rearing
You can start raising a cow from a tender age. to purchase this calf, you need to set aside about 40-45,000 naira. If you have sufficient, you can buy 2 calves. This calf can be fed grasses at back of your house while you take care of it yourself.
Although, it takes long before they grow into maturity, you have sure started something worth of note instead of blowing away your cash unnecessarily. When you eventually sell your cow, you make a profit of at least 50-60%. This is a business you can venture into early.
2. Sheep and goat rearing
You can raise sheep on a small scale as backyard farming feeding them with low quality grasses and some concentrates. However, this requires you also to be patient. You do not need a large capital to start a sheep farm and the fact that sheep give birth to lambs frequently which is enough encouragement that your herd size will increase in no time.
Sheep can withstand adverse weather conditions because they are hardy animals and they do not require special housing, just a shed to rest after roaming around is enough for a start.
3. Poultry farming
4. Fish farming
Fish farming deals with raising fish commercially in tanks or enclosures. Farming of aquatic organisms like fish, crustaceans, molluscs and aquatic plants is also part of fish farming.
I have to confess at this point that majority of the Nigerian populace are delving into fish farming now. Even the international market is not left out. Then, why should you? You should realize that if fish farming is not profitable, people would have turned back from investing in it. Now, you want to ask, How much do i need to start fish farming? What do I need to start this venture? where can I locate my small fish venture?
If you have begun to ask these questions, to get started, you can read up on Introduction to Fish Farming.
5. Pig farming