Is Farming A Profitable Business In India?
- Farmers and farming are synonymous with Indian culture.
- They are the mainstays of our system for ages.
- With over 70% of Indians dependent on farming for their bread and butter, we can say India is primarily a Krishi Pradhan country.
- However, for the last few years, due to the unavailability of the right resources and a definite platform to cope with the new-age requirements.
- India's farming and farmers have become the unsung heroes and long-forgotten.
- Here we have come up with a strategic mind to address the significance of farming in India and its benefits as a business so that it can strike your analytical mind.
- And urge you to think out-of-the-box for getting into the business and generate substantial profit.
What is Farming?
- It is mainly an act of working the ground, excavating the agricultural lands, planting seeds, and growing them for human consumption.
- Although farming greatly signifies agriculture, raising animals for availing plenty of milk and meat also comes under the world of farming.
- Farming in India is not a new or borrowed concept.
- It requires extensive effort, human power, water, a supportive climate, and other crucial resources.
- So, if you think it will be a romantic getaway with green fields all around with pleasing air, fowls screeching.
- And the tractors doing all the work, then you need to brush up your thinking before getting into the business.
Farming In India
- The word farm was originally a Latin word 'firma’, which means 'fixed payment.'
- Farming is a noble profession; however, catastrophes like drought and flood, irregular rain, and especially the impending loans offer the farmers in India a pile of terrors and agonies.
- Possibly, because of the above reasons, nobody wants to get into the profession and think of making an exceptional endeavour, especially in India.
- However, Indian farmers don't get distracted from their profession and think it's worthless.
- They feel proud of being the feeders, but with the uncertainties of potential income, they look for secondary sources to cope with the situation.
- On the other hand, considering such intricacies, even their next-generation turn off their mind from farming and are happy with a lucrative 9 to 5 job.
- Besides this, the youth in the country, which houses more than half of the total population, also deem farming a fading profession, and nothing is exciting about it.
- Apart from the finance and natural calamities, the primary reason for the current condition of the Indian farmer is the lack of knowledge.
- They bring in those conventional farming approaches and don't know what to do, how to do it, and where to do it precisely.
Types of Farming
- Organic farming is the new-age farming that uses organic compounds, plant, and animal deposits instead of fertilisers and chemicals.
- Organic farming also provides a healthier way of living.
- It features a great demand among the mass so you can count on organic farming and get success by investing your capital and effort.
- In a country like India, the demand for flowers will never go off, as there are countless religious, political, and social events around the year.
- So, most of the flower farmers realise a substantial profit with extensive effort and effective strategies.
- Mushroom is the second most popular item in the vegetable category, and its farming doesn't require huge space and extensive effort.
- It also requires minimal investment.
- So, if you want to start farming with minimal investment and effort and become successful, you can go for mushroom farming.
- Dairy farming requires a huge capital investment but guarantees a high ROI, as milk and milk products are always in demand, which will not diminish soon.
- If you have the investment, business plan, and effective strategies, then opt for dairy farming, and it will pay off in the long run.
- If you are interested in farming, you can start horticulture for producing fruits, vegetables, and spices.
- However, if you wish to be successful in India's farming business, then consider having a better environment, deep irrigation, transportation, and expert guidance.
- The above resources will help you venture into horticulture and generate a huge profit.
The True Scenario Of Farming Business In India
- Looking at the above types of farming, you can assess their significance in the market, business perspective, and requirements to get into the ventures.
- Remember, farming is not an overnight job, and if you intend to make a quick profit, then farming is not for you.
- There is a big chance of losing your investments due to natural calamities or accidents.
- However, if you have a prospect for 5-7 years, you will likely reap benefits.
- So, first of all, assess your requirements and only then, dive into the world of farming.
- On the other hand, India has a large agricultural sector, including forestry, animal husbandry, and fishery, which ensures a huge return on investment if you have the thirst and dedication.
- So, we can say farming can be a successful business in India is carried out systematically and scientifically.
- Farming is way more than sowing crops during the rainy season and harvesting the same.
- Currently, with the advancement in technology, there is a lot of micro-management to handle nature's intricacies.
- Moreover, being an agricultural country, India offers great potential to the farming business.
- There is a year-long demand for products all across the country.
- Moreover, the large population also leads to higher consumption of cultivated products, which boosts your business.
- However, in India, the lands, and even the farming business (old ones) are not systematic; you can't bring them into one scale.
- Besides this, the older ones still follow the conventional practices, leading to unexpected loss and a lot of burdens.
- There is a need for transformation in the farming sector where the individuals can get the necessary skills and a helping hand for their business plan.
- So, if you want to get into a farming business in India and get success, then avail of the much-needed training, count on an efficient workforce, and rely on the best business models.
- Last but not least, farming is profitable in India.
- However, it is not sustainable, hence, in such scenarios, there can be extensive Government policies and proactiveness and farmer-centric.
- Farming is and will be the primary occupation for Indians.
- They love their fields and even worship for better crops, rain, and profit at the time when technology is in the mood to replace human intervention.
- So, you can come up with your best plan, work dedicatedly, then you will witness a great return on your investment for sure.
- We can conclude by saying farming in India is surely a successful business.
- If you think the ongoing farmer protest in the national capital can make any difference to this statement, then remember that is a completely different affair.
- In general, it is a profitable endeavour where you need to incur the best of the technologies, investments, and wait for the time to manifold your business.
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How Can I Start A Dairy Business In India?
Farming Business in India FAQs
Q- What are the most profitable and successful farming businesses in India?
- With the evolution of technology, now there are many profitable farming businesses in India apart from agricultural farming, such as poultry farming, dairy farming, organic fertiliser production and distribution, and fish farming.
- If you have a definite business plan with an objective, you can avail of sure-shot success and subsidies.
Q- How to start farming in India?
- If you are keen on starting a farming business in India, find out your objectives, draft a necessary business plan, and follow all the necessary steps.
- If you want to go for agricultural farming, then start a nursery or even an organic firm.
- On the other hand, you can also start with dairy farming or poultry farming but remember, you need to maintain your animal husbandry and take proper care in terms of feeding and health for better profit.
Q- What is the future of farming in India?
Ans- Seeing the evolution of technology, we can say the future of farming will see extensive usage of state-of-the-art equipment, on-time availability of resources, and AI-based technologies for minimising the workforce to maximise profit and productivity.