Home Business Ideas 3 Profitable Small-scale Farm Business Ideas to Start in 2024

3 Profitable Small-scale Farm Business Ideas to Start in 2024

It is important to learn from experts before starting a poultry farm due to the fragile nature of some bird species.

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Are you looking for profitable small-scale farm business ideas to start in 2024 that can make you money? You are in the right place.

This article talks about 3 profitable small-scale farm business ideas that you can start without too much capital.

Whether you want to farm for yourself and your family, or for a commercial purpose, you’ll find this useful.

What is a small-scale farm?

A small-scale farm refers to a small agricultural operation.

It can be owned and run by an individual or a family.

A small-scale farm is characterized by its limited size and production capacity (less than 2 hectares in most cases.

The global estimate of the cost of a healthy diet in 2021 was 3.66 purchasing power parity (PPP) dollars per person per day, up 4.3 percent compared with 2020.

Why should you start a small farm in 2024?

The cost of a healthy diet increased by more than 5 percent in all regions except Northern America and Europe between 2020 and 2021, reflecting the rise in food inflation.

More than 3.1 billion people in the world, or 42 percent were unable to afford a healthy diet in 2021. This is according to the Food and Agriculture Organization of the United Nations (FOA). 

Some of the challenges urbanization causes for us include an abundance of unhealthy fast food, scarcity of fresh produce, and an accompanying increase in the price of naturally grown foods.

Thus, it is important to get involved in growing food, for ourselves and our communities.

Below are the most lucrative small-scale farm business ideas you can start today on a budget.

1. Microgreen farming

What is microgreen farming?

Microgreen farming has to do with growing young vegetable greens, which are usually ready for harvest after the first few leaves have developed.

These tiny plants are rich in nutrients and often used as garnishes or in salads.

Microgreens can be grown indoors or outdoors, using various seeds like; radish, broccoli, or sunflower.

They are fast to grow and can be a nutritious addition to your diet. 

How to start a microgreen farm:

Here’s a basic guide to get you started with microgreen farming:

1. Choose seeds of vegetables or herbs that are suitable for microgreens. Common choices include broccoli, radish, mustard, sunflower, and arugula. Choose based on your preference or market demand.

2. Prepare shallow trays or containers with drainage holes. Fill them with a good-quality, sterile potting mix.

 Scatter the seeds even across the surface of the soil. Press them down in a gentle manner, ensuring good seed-to-soil contact. 

3. Mist the soil or use a gentle spray to water the seeds. Always keep the soil moist but avoid waterlogging. You can use a spray bottle to avoid disturbing the seeds.

4. Provide Light: Place the trays in a location with plenty of indirect sunlight or use artificial grow lights. Microgreens typically need around 4-6 hours of light per day to germinate properly.

Once the first true leaves appear, the microgreens are ready to harvest. This usually takes 1-3 weeks, depending on the type of microgreen.

Harvest when they reach a height of 1-3 inches, depending on the variety, using clean scissors to cut the microgreens just above the soil line.

Your microgreens are ready for consumption or sale. Rinse the harvested microgreens gently and allow them to dry. Store them in a clean, airtight container in the refrigerator. They are best when consumed fresh.

 You can sow new batches every 1-2 weeks to have a continuous supply of fresh microgreens. Time of cultivation is one of the best benefits, as you can sow new batches every 1-2 weeks. Remember to try out different varieties of seeds to discover your favorite flavors and textures. 

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2. Tree nursery

Starting a tree nursery requires knowledge about tree species, gardening, and marketing skills. It’s also important to be patient, as trees take time to grow. 

A tree nursery farmer grows trees from seedlings into a desired size before reselling them to be planted in a permanent site.

According to an article on Quora, fruit trees such as apples, oranges, and avocados, and nut trees such as pecans, almonds, and walnuts are some of the most profitable trees to grow.

It is up to you to find out the trees in demand in your local market and the ones that inspire you. Raise at least 20, and decide what’s best afterward.

3. Poultry

Poultry farming is the rearing of domesticated birds such as chickens, ducks, geese, etc., for their eggs or meat.

According to statistics.com, in 2022, almost 1.1 billion chickens and 10 million turkeys were slaughtered in the UK alone.

Chicken accounts for more than half of the meat eaten in the UK.

This statistic shows there’s a high demand for poultry produce. Hence, it is among the most profitable small farm businesses to start in 2024. You can start with as low as 50 birds, and It is also very scalable.

It is important to learn from experts before starting a poultry farm due to the fragile nature of some bird species.

This is to help you manage or reduce losses to a bare minimum since the goal is maximizing profit. Ensure to know the do’s and don’ts of poultry farming.

You can learn more about poultry farming at classcentral.com or hire a professional to help you start your farm.

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Conclusion

People start small farms for different reasons.

Many of the reasons stem from a love for nature and food, and others for profits.

With a small farm, however, you can have both needs met. I hope you have fun getting your hands muddy.

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Faith Ujong is an SEO writer and a contributor at EntrepreneurBusinessBlog.com. You can connect with her via her email, [email protected].

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