![]() Ranking 10th in our list of the 10 most profitable agricultural business ideas in 2021 is an urban farming solution, vertical farming. Let’s see the 10 most profitable agricultural business ideas in 2021 starting from number 10/ 10. To give you the most accurate insights about the 10 most profitable agricultural business ideas in 2021, we ranked each agribusiness segment by its global market value. We focused on agricultural business ideas that require a small amount of initial capital as well as those that require a large amount of capital but will provide you with a high yield of income. Cargill is one of the most reputable companies in the agriculture industry with revenue of $114.6 billion in 2020. Cargill employs about 155,000 employees working in 70 countries and delivers products to over 125 countries. The company expanded its business to bio-industrial, meat and poultry, pharmaceutical, animal nutrition products, metal, and shipping. Over 150 years later, the company has become the world’s top producer of agricultural products such as grains, edible oil, cotton, and biofuel. started in its early days with a single grain flat house William Wallace Cargill acquired in 1865. It is one of the most successful companies in the agriculture industry. If you are interested in investing in the agribusiness industry and want to know the potential of the agriculture market, one company to look at is the American agriculture firm, Cargill Inc. Of all of the innovative solutions, the digital marketplace allowed profitable business-to-business transactions such as connecting large farms to local food stores and restaurants.ġ0 Most Profitable Agricultural Business Ideas in 2021Ĭopyright: budabar / 123RF Stock Photo Most Profitable Agricultural Business Ideas in 2021 The use of these technology trends in the industry has resulted in seamless and efficient farm operations at a reduced cost. Technology in the Agribusiness Industryĭata analytics, machine automation, management software, mobile phone apps, and digital marketplaces are some of the technological innovations that have helped in the development of the agricultural industry according to a study from the Graduate School of Stanford Business. Although the agriculture industry offers more stable revenue and growth than that of the volatile sector of oil and gas, there are still a few key factors that could impact its growth such as volatility in production, climate change, supply and demand chain, demand, and access to labor. The industry also contributes to the growth of the economy by employing approximately 1.4 billion people around the world. North America plays a vital role in the agribusiness industry. In a Research and Markets analysis, the global agribusiness market is valued at $3.5 trillion as of 2020. Aside from the actual farm operations, agricultural business or agribusiness refers to the manufacturing and distribution of agricultural products such as farm equipment and supplies, machines, and other farm-related services. According to the data from the World Bank, the agriculture industry accounted for 4% of the world’s GDP in 2018, and in some developing countries, it can account for more than 25% of GDP. The agriculture industry is one of the major contributors to the world’s GDP as the sector feeds billions of people every day. You can skip our detailed discussion about the trends in the agribusiness industry and go to the 5 Most Profitable Agricultural Business Ideas in 2021. In this article, we are going to talk about the 10 most profitable agricultural business ideas in 2021.
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