10 Most Profitable Livestock Farming Business Ideas
Since ancient times, livestock or farm animals have been a good source of income for human beings. And at present, livestock farming is undoubtedly a money-making business both as large-scale and small-scale. If you want to start a livestock production business then here are some of the most profitable livestock farming business ideas.
If you have little space at your backyard then you can start farming there or else you can acquire a space for rent. The only thing you need to keep in mind is select an animal that has good demand in the market
1. Dairy Farming
Dairy farming is popular all over the world. Dairy farming is a great way for farmers to boost their income and access to more nutritious food for their families. While subsistence dairy farming gives not only fresh milk & a source of basic income, value-added products like yogurt & cheese, provide a higher source of revenue.
2. Goat Farming
Learn MoreGoat farming is one of the most profitable business livestock farming business. Goat gives us milk and meat. Goat farming is a low-investment & high-profit livestock farming business. They don’t need a big area for housing due to their small body size in comparison to other livestock animals. In addition, goat farming ensures quick and high ROI depending on the investment amount.
3. Crab Farming
Mud crabs are popular in the Asian countries like India, Bangladesh, Philippine, Thailand etc. These countries are the key producers of mud crabs. It must be noted that the product has huge international market demand. Also the flesh of mud crabs is appetizing. With very low capital investment, you can easily start and run a mud crab farming business.
Read also: using Mycotoxin binders to reduce economic loss and improve livestock health
4. Fish Farming
Fish farming is another money-making business for the agropreneurs who have ample water bodies. Nevertheless, you can also raise fishes on tanks. You can opt for different types of carp fishes, shrimp, catfish, prawn and salmon. While starting a fish farming business, it is important to do a market study to understand the local demand. These days, ornamental fish farming is also gaining popularity.
5. Pearl Farming
At present, cultured pearl industry is getting huge prominence. These cultured pearls make up almost 100 percent of the pearls sold nowadays. You can produce pearls artificially in a pearl farm. Pearl farming is a highly profitable livestock business, though it requires long-term planning.
6. Pig Farming
Another profitable livestock business idea is pig farming. More than 1 billion pigs are butchered every year worldwide. The largest pig exporting nations include the US, European Union & Canada. Majority of pigs are used for human food but its skin, fat & other materials are also used as clothing, cosmetics, processed foods ingredients and for medical use.
7. Quail Farming
Though quail is a small poultry bird but its farming is quite profitable for farmers. The benefits of quail farming are quick growth, early sex maturity, short generation interval & prolificacy in egg production. Also quail meat has less fat & fewer calories, making it an ideal food for health-conscious people. Quail eggs as well as meat are well-known for being rich source of vitamins, essential amino acids, phospholipids and unsaturated fatty acids. And all of these are essential for human physical & mental development.
Read also: Health benefits of probiotics in livestock
8. Sheep Farming
Sheep farming is also a lucrative business for livestock 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 sheep farming business, you must draft a clear business plan that should include financial costs & revenue.
9. Duck Farming
Last but not least is duck farming. There are several meat & egg productive duck breeds available all over the world. If you are planning to start a low-cost livestock farming business then you may consider duck farming. You can also raise ducks without water. As ducks are hardy birds, they don’t need extra care and management.
10. Poultry Farming
A person can start poultry farming for eggs as well as meat. In general, egg-producing hens are layers & meat-producing hens are broilers. As the demand for chicken meat is growing day-by-day, poultry farming is a profitable livestock business for farmers. You can easily start poultry farming on a small-scale or large-scale basis.
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