Livestock or farm animals have been a good source of revenue for human beings since ancient times. And livestock farming is undeniably a money-making industry at present, both on a large and small scale. If you want to start a livestock production company, here are some of the most profitable business ideas for livestock agriculture.
You can start farming there if you have little space in your backyard, or else you can acquire a rental space. Selecting an animal that has strong market demand is the only thing you need to bear in mind.
Most ideas for the lucrative livestock farming sector
Dairy farming is common worldwide. Dairy farming is a perfect way for farmers to raise their income and their families’ access to more nutritious food. Although subsistence dairy farming not only provides fresh milk and a source of basic income, a higher source of income is provided by value-added items such as yoghurt and cheese.
One of the most profitable livestock farming companies is goat farming. The goat provides milk and meat for us. A low-investment & high-profit livestock farming sector is goat farming. In contrast to other farm animals, they don’t need a wide area for housing because of their small body size. Moreover, depending on the amount of investment, goat farming ensures rapid and high ROI.
The Farming of Crab
In Asian nations such as India, Bangladesh, the Philippines, Thailand, etc., mud crabs are common. The main producers of mud crabs are these countries. It should be remembered that the brand has enormous foreign market demand. The mud crabs’ meat is also appetising. You can start and run a mud crab farming business easily with very low capital investment.
Agriculture of Fish
Fish farming is another money-making sector for farmers with large bodies of water. However, you can also grow fish in tanks. Various types of carp fish, shrimp, catfish, prawn and salmon are available to choose from. It is important to conduct a market study to understand local demand when starting a fish farming business. Also, ornamental fish farming is gaining popularity these days.
Farming with Pearl
The cultured pearl industry is gaining immense popularity at present. Almost 100 percent of the pearls sold today are made up of these cultured pearls. At a pearl farm, you can artificially grow pearls. Pearl farming, though it needs long-term planning, is a highly productive livestock sector.
Another profitable business concept for livestock is pig farming. More than 1 billion pigs are butchered worldwide every year. The US, European Union & Canada are the main pig exporting nations. Most pigs are used for human food, but their skin, fat, and other materials are also used as ingredients for clothes, cosmetics, processed food and for medical use.
While quail is a small poultry bird, farming for farmers is very profitable. Fast development, early sex maturity, short generation interval and prolification in egg production are the advantages of quail farming. Quail meat often has less fat and less calories, making it a perfect food for individuals who are health conscious. Quail eggs are considered to be a rich source of vitamins, essential amino acids, phospholipids and unsaturated fatty acids, as well as meat. And for human physical & mental growth, all of these are important.
The Farming of Sheep
For livestock farmers, sheep farming is also a lucrative sector. Due to its milk, meat, & fibre, one may raise sheep. But, depending on the agro-climatic state of your country, you need to choose unique breeds. Mainland China, Australia, India, Iran etc. are some of the significant sheep producing countries. You must draught a clear business plan that should include financial expenses & revenue before starting the sheep farming business.
Last but not least, the breeding of ducks. All over the world, there are many meat & egg active duck breeds available. You will consider duck farming if you are planning to start a low-cost livestock farming company. Without water, you can also raise ducks. They don’t need extra care and management as ducks are hardy birds.
The Agriculture of Poultry
A individual may start farming poultry for both eggs and meat. In general, layers are egg-producing hens & broilers are meat-producing hens. Poultry farming is a lucrative poultry sector for farmers as the market for chicken meat is rising day-by-day. You can easily start small-scale or large-scale poultry farming.