The agricultural industry is steady and reliable, with a lot of growth potential. In fact, it contributed to $134.7 billion in the U.S. Gross Domestic Product last 2020. But despite this positive outlook, getting into this industry can be challenging. Agricultural businesses are constantly competing with one another and need to find ways to stand out and be profitable.
One of the most critical factors determining the success or failure of your agribusiness is the products you offer. You must ensure that you select products with high market demand and can produce them at a lower cost than your competitors.
But with so many options on the market, it can be challenging to know where to start. To help you out, here’s a list of some of the best products for an agribusiness, broken down by category.
Grains
In the United States, grain consumption reached 346.7 million tons in 2020. This figure means a constant demand for grain products, making it an excellent option for your agribusiness.
You can grow various types of grains, such as wheat, corn, oats, and barley. When deciding which ones to plant, you must first consider your area’s climate and soil type. Different grains require different soil conditions in order to thrive. For instance, wheat is a cool-season crop that does well in areas with cold winters and hot summers. On the other hand, corn is a warm-season crop that prefers hot and humid conditions.
The most important thing is to talk to your local extension office or agricultural department to get advice on which crops will grow best in your area. Once you’ve got a handle on these basics, you’ll be well on producing top-notch grain products.
Fruits and vegetables
Almost every household buys fruits and vegetables, making them another essential category for your agribusiness product list.
The great thing about growing fruits and vegetables is that you can do it all year round. You just need to select suitable crops for the season. For example, you can grow asparagus, Brussels sprouts, and strawberries in the spring. Summer is the perfect time to plant watermelons, tomatoes, and zucchini. Of course, you’ll need to consider your area’s climate and soil type when choosing crops to grow. This way, you can be sure that your plants will have the best chance of thriving.
With some care and attention, you can produce high-quality fruits and vegetables that your customers will love. As a result, you’ll have a steady income all year long.
Livestock
If you’re planning to make it big in the agricultural business, you can’t go wrong with livestock. In 2020, the global livestock market was valued at $4.62 billion. And it’s only expected to grow in the coming years.
You can raise many types of livestock, such as cattle, pigs, and goats. But before anything else, you need to consider your suppliers. That is because you’ll need to purchase starter animals, feeds, and other supplies for your livestock.
If you’re planning to raise cattle, you must ensure they come from the best Charolais sires. That’s because this cattle breed is known for its high-quality meat. For pigs, on the other hand, you’ll need to purchase weaners or feeder pigs. These are young pigs that have been weaned from their mothers but are still too young to reproduce. As for goat breeds, there are many options to choose from, such as the Alpine, Nubian, and Saanen goats. But the best one for your agribusiness will depend on your specific needs.
Regardless of which livestock you decide to raise, you must be prepared to provide them with the best possible care. In doing so, you can be sure that they’ll stay healthy and produce high-quality products.
Poultry
Of course, no product list for an agribusiness would be complete without poultry. This industry is on the rise, and it’s only expected to grow in the coming years.
There are many types of poultry that you can raise, such as chickens, turkeys, and ducks. To decide which ones to start with, you need to consider your target market. That’s because each type of poultry has its distinct flavor and texture. For instance, chicken is the most popular type of poultry in the world. It’s also the leanest and has the mildest flavor. On the other hand, turkey is richer and has a stronger flavor. Duck, on the other hand, has a gamey taste.
You can also offer different poultry products. Aside from meats, you can provide eggs and feathers. Each of these products has a distinct market, so you’ll need to decide which ones you want to focus on.
Of course, you’ll need to follow the proper poultry-rearing practices to ensure that your birds are healthy and productive. But if you do it right, you can be sure that your poultry business will be a success.
Now that you know the essential types of products for your agribusiness, it’s time to start planning your business. By providing high-quality goods and services, you can earn the trust and loyalty of your customers, paving the way for success now and in the future.
