How Can I Make Money From Agriculture Without Going To The Farm ?
Agriculture has been known from time to be the major source of wealth, livelihood and economic growth for any nation. Agriculture can be a very lucrative business for farmers and investors alike as the cash crops, food and fruits produced coupled with fish and snail farming and poultry business will always yield good income as food is a very important commodity which people can never get tired of.
To better know what you are doing, it requires you doing your homework. Nowadays, investment opportunities are all over the internet, and assets are now owned digitally, bringing investment closer to everyone. Perhaps, the youths being the biggest gainers as they have the largest population of internet users.
About digital assets, these are assets with no physical presence. Things like websites, visual designs, architectural plans, patents, trade secrets, photos, digital paintings, music, video, cryptocurrencies, and now even farms.
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The good thing about digital assets is that they offer great returns on one’s starting capital. These assets do not require as much luck as other types of making money, and one of such which this piece is about being digital farms.
Investing in farming can appear to be an honest strategic move. After all, whether the general economy is in a recession or booming, there is always a high demand for food. This is the reason most persons regard agribusiness as recession-proof. Additionally, the earth’s population is on the rise, which means farming will keep playing an increasingly vital role in the sustenance of humans.
That said, getting to buy a farm is not always a possible plan for an ordinary investor. Getting land for farming requires huge finances. Even the time and expenditure involved in running a farm has to be of considerable importance. Fortunately, investors can now pull funds together and from different parts of the world, even without knowing each other, all within the confines of their rooms using a medium known as the world wide web.
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However, you can invest in the agricultural process and products and earn money from it without necessarily owning a farm or going to one. There are a lot of reasons why you can invest in agriculture, one of which is the increase in the value of the business and it is a low-risk investment, high profits and flexible work.
10 Ways to make money from Agriculture Without Going to the Farm
1. Investing in a farm: this is one of the major ways you can earn money without owning a farm. You can either invest in someone’s farm by giving out capital that is needed for the business and then earn profits. There are also online farms which makes it easier to invest in a farm without physically been present there. You can also invest in a farm by giving out a spare piece of land to another person who has the time to help in managing its for-profit purposes.
2. Exportation of farm produce: you can also earn money from a farm by been in partnership with farmers to export their produce when harvested to other states and countries where they are in need of them. Exportation of these farm produce such as cotton, cocoa, maize, millet, cowpea etc can be very challenging but also rewarding with great profits.
3. Selling of farm produce: you can also earn money from agriculture by buying and selling farm produce in bulk to consumers. You get these products at a cheaper rate directly from the farm and you can sell it at the price of your choice to retailers and consumers. You can either chose to be a distributor who partners with a farm to sell or be a retailer. In either way, you earn enough income from the business.
4. Farmland yield: farmland investors can make money from agriculture through the harvesting of crops and fruits. These crops are either harvested monthly or annually on the farmland. This farmland yield is beneficial to both the farmers and investors even when there is a loss, the farmer can still start all over again.
Packaging and storing of farm produce: if you can do food packaging very well that would be appealing to the consumers, then this is another good way to make money without owning a farm. A good and well packaged product is more attractive to the eye. Packaging and storing of farm produce is also a great way to make money from agriculture.
5. Agronomy consultancy: agronomy provides research background knowledge for farmers. They help to supplement the traditional knowledge of the way farmers do their things with new technologies and tools to increase yields and produce tastier and healthier farm produce. You can earn money from agriculture by rendering advises to farmers on their crops and investments. Agronomy consultants are always in high demand.
6. Farm transportation: transportation is a major challenge for farmers especially, those on a small scale. Limited access to transportation can affect how a farmer will be able to move his farm products into the market. In order to cut out this hardship, then farm transportation is necessary as it helps to move the products with ease. Transportation can be improved by buying a fleet of trucks and then partnering with farmers. Providing access to transportation for farmers can generate a strong profit.
7. Online farming: this is almost like the investment type of farming. In online farming, all you need to do is spend your money for the planting of a particular type of crop for a duration and at the end of the planting season when the crops have been harvested and sold, you will get both your capital and profits. There are a lot of online farms which are legit and offers good rewards.
8. Selling of farm equipment: you can solve farmers problems by the sale of farm equipment and machinery and the sale of high production seeds and crops, fertilizers, pesticides etc for the efficient and high production of farm produce. This is another great way of making a good income on agriculture.
9. Teaching farming classes: If you are a farmer and you are confident in your skill, you can share your knowledge with young farmers who would pay for your classes. You could start an online farming class which can be interactive. This is a very good option for older, experienced farmers who are looking for a retirement option. Also, as a young farmer, if you are skilled and you have the ability to impart knowledge, you can also start your own tutorial online about farming. However, this can be very profitable for farmers who don’t just want to work on the field, but have the passion to share their knowledge with the next generation of farmers.
10. Did You Know ‘Smart Farming’ in Agriculture?
Smart Farming is the application and implementation of modern Information and Communication Technologies (ICT) into agricultural practices. With the experiments on plant breeding and genetics revolutions, this smart farming is taking over the agricultural world based upon the combined application of ICT solutions such as precision equipment, sensors and actuators, geo-positioning systems, Big Data, Unmanned Aerial Vehicles (UAVs, drones), robotics and so on.
Smart Farming is equipped with the potential to deliver a more productive and sustainable method of agricultural production based on a more precise and efficient approach. Smart Farming provides the farmer with added value in the form of better decision making or more efficient exploitation operations and management. Smart Farming can also provide added benefits in terms of environmental needs, for instance, through the efficient use of water or the optimisation of treatments.
No doubt, agriculture is the new “crude oil” and those who invest in it know this. The 21st century’s approach to farming, i.e. using the digital space to get investors, has helped in fusing agriculture and technology to increase food supply and has subsequently generated income for investors. This is something everyone interested in building wealth for themselves, while still having time to concentrate on other important aspects of their lives, would all be excited to sign up for.
There are many reasons to invest in agriculture, from it being a low-risk investment that is financially sound, safe, and secure and keeps pace with inflation, to the fact that it increases in value over the long-term. Agriculture is a hard asset and could stay as a major portfolio or a diversified one.
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The digital farmer can make money through cash flow from crops and animals that are harvested. Most of these are annual, but in some cases, there can be multiple harvests in a year. These yields are secured via long-term contracts by the tenant farmers and placed on sale for investors to buy. Most of these farms are insured, which protects the farmer and investors in the event of a catastrophe. This means that even if crops and/or animals are destroyed or their revenue declines due to a downturn in commodity prices, the farmers will still receive funds with which they can pay their lease and settle investors, thereby putting them on a safe level.
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