Following a steady growth of the food and agribusiness industry, the sector is said to be worth over $5 trillion. The industry has been soaring to greater profitability each year following a consistent food demand. As population keep surging yearly, the industry will attract even more profit due to food demand.
The visible growth in the agricultural sector informs a strategic interest in the business for the budding farmers. You will not only be in line to amass the business’ bountiful profits but also addressing gaps in modern farming.
I have compiled profitable cash crops to consider as you take on your agribusiness venture below.
- Ginger
Ginger is popular for its rich aromatic rhizomes used as spice in meats, baked foods and salads. It’s considered one of the most profitable crops to grow in 2020 given its medicinal value.
Growing ginger requires an optimum temperature of 25 – 30 degrees Celsius and loose well drained fertile loamy soils.
2. Garlic
For thee with sufficient land, garlic is in your top list for the cash crop to plant. The versatility of this plant enables it to be grown in many different soil types and climate.
Garlic is a high yield crop which requires small startup capital. However, the secret to successful garlic farming is selecting the right variety. Consult with crop experts before settling on a given variety.
3. Herbs
Many different types of speciality herbs like Chives, Cilantro, Oregano, Chamomile and Lavender are very popular for their medicinal values. These herbs have especially become popular in 2020 due to the growth of the organic beauty industry.
The aforementioned herbs are used to make essential oils, body splashes and perfumes. This points at a ready market but you need to choose the right herb for your target market.
4. Spices
Speciality spices have grown popular worldwide. Given their scarcity, these spices are quite expensive. Saffron, Cardamom, Pure Vanilla are considered very profitable given their wide range of uses. Should you want to dine with the who is who on this earth, my brother take on spice farming!
5. Vegetables
Vegetables are a stable addition in every Kenyan meal today. With sufficient land and access to quality seeds and fertilisers, an entrepreneur can start quality vegetable farming. Some of the vegetables to consider are cabbage, cauliflower, spinach, carrots and kale. Indigenous vegetables like spider flower are an added advantage!
