Do you want to start a business in the agriculture industry? If yes, this article will enlighten you on the top 10 Profitable Agribusiness Ideas in Kenya.
The agricultural industry is no doubt amongst the leading industry in most countries of the world; it is the industry that produces food for the populace and also helps in the generation of income.
Profitable Agribusiness Ideas in Kenya
Top 10 Profitable Agribusiness Ideas in Kenya range from commercial farming of livestock to vegetable produce into revenues. This kind of venture relies on farming or agricultural-based activities.
In Kenya most agribusiness ventures are done on a large-scale, though small-scale agribusiness activities also thrive well in Kenya.
1. Poultry Farming
Raising chicken for eggs and white meat brings in a lot of money in the poultry farming industry. In Kenya, one kilogram of chicken flesh costs Ksh 600. Chicken eggs also cost between Ksh 300 and Ksh 450 per tray.
Selling chicken manure, starting a small egg hatchery, or breeding chicks to sell them to farmers in Kenya and Uganda are some other profitable ventures in poultry farming.
2. Spices Farming
To enhance the flavor of nearly every food, spices are added. In the Kenyan market, spices are highly sought after. You can grow and sell spices to traders and customers for a substantial profit, such as nutmeg, thyme, and so on.
To increase your revenue from the spices, you may also choose to start packaging and processing your own species.
3. Hass Avocado Farming
The primary reason for growing hass avocados is for export. Due to the great demand for this variety of avocado in the USA and China, Kenyan farmers are making astronomical profits, with each kilogram fetching Kshs 150.
Why Invest in Hass Avocado Farming?
- Hass avocado has high demand, giving you access to a ready market
- It has a high profit margin due to its nutritional value
- It takes less time to mature(2.5 to 3 years)
The biggest obstacle to investing in this venture is locating a market that will accept your produce. But, organizations like Oxfam Organics can help you easily build an appropriate clientele.
4. Tree Farming
For you, commercial tree growing is a low-risk agricultural venture. They require very little upkeep, and you can easily take care of them. For Kenyans who live in towns and are diaspora or telephone farmers who want to invest in their rural farms, this is a great agribusiness idea.
There are three types of tree farming you can try; Orchard (fruit tree) farming, commercial (timber) tree farming, and tree seedlings raising which you can combine with a landscaping business.
5. Pig Farming Business
Pig farming is a great venture with high returns; it entails feeding and administering the right medical care to ensure your pigs are ready for the market.
Why Invest in Pig Farming?
- The high demand for pork in the country makes pig farming quite lucrative
- With the right care, pig farming can earn you very high-profit margins
- Pig farming can be a side hustle; it doesn’t require a lot of your time
Epidemics and excessive feed costs are the pig farming industry’s biggest problems. You may give your pigs the best care possible and stockpile adequate feed for times when supplies run out.
6. Vegetable Farming
Are you in the agriculture business to make money? Think about planting leafy plants like spinach, kale, cabbage, and other high-value veggies like okra. From January to December, there is a significant demand for them.
Additionally, practically all homes include vegetables in their meals. To guarantee constant yields in terms of both quality and quantity, you can either irrigate them or grow them in greenhouses.
Apart from the leafy veggies, you can raise potatoes, carrots, and tomatoes as well as onions.
7. Dairy Farming
Dairy farming encompasses milk production, meat, and dairy products like cheese. Due to the constant demand, dairy farming earns you an income of Kshs 16,500 per cow monthly.
Why Invest in Dairy Farming?
- Constant demand: Dairy products like milk are a basic need that people buy every day so you have a ready market to supply to.
- High growth potential: Similar to other livestock, cows can give birth to calves, adding up to your dairy farm population and sales.
In this industry, the biggest obstacles are costly feed and illness outbreaks. A veterinarian can provide advice on how to prevent infections in your cattle and save expenses by mixing feed with agricultural plants like nappier grass.
8. Sell Animal Feed
Animal feed includes poultry, livestock, pigs, and pets. You can venture into those with high demand, like chick feed. This will make you a monthly income between Kshs 30,000 and Kshs 200,000.
Why Invest in Animal Feed?
- Animal feed has a high and recurrent demand, giving you access to a ready market.
- You can easily expand and become a producer and supplier once you master the process.
If you want to manufacture animal feed, obtaining raw materials will be your biggest commercial difficulty. You can farm a portion of the raw materials on your property and establish connections with important raw material suppliers in nearby nations to guarantee a seamless operation.
9. Rabbit Production
For an entrepreneur with a passion for animal husbandry, producing rabbits might be financially rewarding. Starting a business doesn’t cost much. All you need is solid experience raising animals.
In the best habitat, rabbits are abundant and have a low death rate. Because it is medically suggested to be healthier than red meat, rabbit meat is very popular.
10. Agribusiness Consulting
Create a specialized consulting company to assist new and established farmers with their growth and expansion. Your services, such as maintaining records, creating business plans, and doing market research, will be outsourced.
In addition to this, you can aid traders in accessing digital marketing, export markets, and online markets by helping them build up e-commerce sites and other services like taxation and statutory compliance.