Start An Agriculture Farming Business - Business Ideas

Updated: September 15th, 2022
Start An Agriculture Farming Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Agricultural farms are the backbone of our economy. The agricultural farm business is also known as agribusiness. Agribusiness involves the entire process of sending an agricultural good to market, from production to distribution.

To start an agricultural farm, you need to decide what kind of crops you want to grow. Choose from different crops like vegetables, fruits, nuts, or flowers. Once you have decided on your crops, then all that's left is raising them and selling them at farmers' markets or online stores.

Agriculture farming can be profitable in many ways. One of the most important ways to make money with agriculture is through selling your crops at the market and by renting out your land for other uses, such as growing crops or raising animals.

The profit from an agricultural farm can be very high, especially if you have a lot of land and a lot of cattle. The Average net cash farm income (NCFI) for farm businesses is forecast at $98,200 in 2022.

Starting an Agriculture Farming Business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell agriculture farming, or selling agriculture farming online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$1.18B
starting costs
$18.9K
gross margin
43%
time to build
270 days

Startup Costs

Min Startup Costs Max Startup Costs

Equipment & Supply Expenses

$66

$1,200

Retail Business Expenses

$1,250

$11,650

Inventory Expenses

$350

$14,750

Advertising & Marketing Costs

$75

$9,636

Software Expenses

$0

$425

Website Costs

$13

$215

Total Startup Costs

$1,754

$37,876

Successful Businesses

Business URL Rank

Ag Daily

agdaily.com

215,842

American Farm Bureau Federation

fb.org

321,390

Agricultural Marketing Resource Center

agmrc.org

399,695

FarmingUK

farminguk.com

609,603

American Farmland Trust

farmland.org

950,706

EZ Farming

ez-farming.com

1,019,862

Association for Vertical Farming

vertical-farming.net

1,565,822

California Ag Today

californiaagtoday.com

1,784,450

Agriculture In Zambia

agricultureinzambia.com

2,429,099

UnitedAg

unitedag.org

2,741,799

Sustenir

sustenir.com

3,905,081

Pros & Cons

Pros Description

Rewarding work

Starting a Agriculture Farming Business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Meaningful business connections

You never know who you will meet as a Agriculture Farming Business. This could be the start of an incredible business opportunity!

Daily physical activity

Agriculture Farming Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.

Amazing perks and discounts

Working in the Agriculture Farming Business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.

You are your own boss!

With starting an Agriculture Farming Business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

Local Community

One of the best parts of starting an Agriculture Farming Business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.

Cons Description

Crowded Space

Competition is high when it comes to your Agriculture Farming Business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Finding The Right Supplier

Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Low margins

The gross margins for your Agriculture Farming Business are typically around 43%, which can make it more challenging to incur new expenses and maintain profitability.

High employee turnover

In the Agriculture Farming Business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Taxes

As a Agriculture Farming Business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.