One of the major contributors to the world’s GDP is the agricultural industry, as the sector feeds billions of people every day. Although the agriculture industry has more stable growth than the oil and gas sector, it still faces various uncertainties affecting its profitability. For technology, Data analytics, machine automation, management software, mobile phone apps, and digital marketplaces are some of the technological innovations that have resulted in the development of this industry. Various tasks that humans traditionally perform are now being done with Artificial intelligence. If you are interested in the agriculture industry, take a look at Cargill Inc. This company is one of the largest producers of agricultural commodities in the world.
Insider Monkey focused on agricultural business ideas that require a small amount of initial capital and those that require a large amount of capital but will provide you with a high yield of income. What are the 10 Most Profitable Agricultural Business Ideas in 2021?
An urban farming solution, vertical farming ranks 10th on the 10 Most Profitable Agricultural Business ideas in 2021. Plenty Unlimited really propels growth in the vertical farming industry. Precision Farming ranks 9th. Through its digital platforms, Farmers Edge helps food producers and crop companies improve their operations by providing them with actionable data recommendations. Another company that uses precision farming technology is Deere & Co., which has been around for a long time. Due to the rise in the demand for honey, commercial beekeeping operations have also caught on globally. Florida-based BEESFREE Inc is a tech company that offers food and nutritional supplement for developing honey bees using Apiculture. Microgreens is next. There is an increasing demand for organic food globally. This is due to the increasing awareness of the consumers regarding the consumption of food and its ingredients. Beyond Meat Inc. is a global manufacturer and distributor of plant-based meat protein products such as Beyond Burger, Beyond Fried Chicken, Beyond Beef, and Beyond Meatball. Click to read more on Most Profitable Agricultural Business Ideas in 2021
