Since ancient times, raising livestock has provided humans with a reliable source of revenue. Livestock farming is, without a doubt, one of the most profitable industries today, whether on a local or large scale. If you want to establish a cattle farming business, here are some of the most profitable ideas that will more than double your earnings by 2022. You can start farming in your backyard if you have enough area, or you can rent a spot. The only thing you need to remember is to choose an animal with a high market demand, conduct some research, and get started with your business.
Pig farming is another profitable animal business concept. Every year, more than 1 billion pigs are slaughtered around the world, with the United States, the European Union, and Canada among the top pig exporters. Pigs are mostly raised for human consumption, but their skin, fat, and other body parts are also used for apparel, cosmetics, processed food ingredients, and medical purposes.
Farming of Dairy Cows
Dairy farming is extremely popular around the world. It’s a fantastic method for farmers to quadruple their revenue and provide their family with more nutritious food. While subsistence dairy farming provides fresh milk and a basic income, value-added goods such as yoghurt and cheese provide a greater revenue stream.
Sheep farming is also a lucrative business for farmers. One can raise sheep for its milk, meat, & fiber. But, you need to choose specific breeds depending on the agro-climatic condition of your region. Some of the important sheep-producing countries include mainland China, Australia, India, Iran etc. Before starting a sheep farming business, you must draft a clear business plan that should include financial costs & revenue.
Farming of fish
Fish farming is another profitable venture for anyone with access to a large body of water. You may, however, keep fish in your backyard in small tanks or ponds. You can choose from a variety of carp species, as well as shrimp, catfish, prawns, and salmon. When launching a fish farming firm, it’s critical to conduct a market analysis to determine local demand. Ornamental fish farming and biofloc fish farming are in high demand these days.
Farming of Poultry
Poultry farming can be started for both eggs and meat. Egg-laying hens are called layers, whereas meat-producing birds are called broilers. Poultry farming is a profitable livestock industry for farmers, as the demand for chicken meat grows every day. You may start a chicken farm on a small or large scale with relative ease.
Article by: Hari Yellina (Orchard Tech)