The business of agricultural production, also known as Agribusiness is the production of crops, as well as crop processing, transportation and distribution. All these are the economic activities that the defines the term Agribusiness. Borno state is bestowed with a climate that is comparatively subservient for agricultural production. A variety of food and cash crops are grown in high yield and livestock are produced in large quantity. These include, Cereals: maize, millet, sorghum, rice and wheat.
Legumes: cowpeas, groundnuts, soya beans and bambara nuts
Fruits: orange, lemon, mango and guava. Borno also produces
Vegetables: tomatoes, pepper, onions, okra, pumpkin and melon.
Tree crops: gum arabic and ginger,
Livestock and fishery: cattle, sheep, goats, poultry, rabbits and fish of different varieties.
Financing agribusiness can increase the added value of raw materials, strengthening local rural economies, food security and nutrition, and improving the quality of life in many homes at risk of exclusion and vulnerability. There are major agricultural business residents of Borno State are engaged in. However, there other areas with potential yet untapped, these opportunities await any investor willing to dive into the agribusiness sector of the state.
Agricultural Business Ideas for potential investors
You don’t need a huge space or money to get into the agriculture business. If you a home or in a rented apartment, you can still plant some crops in small or vertical containers to get the most out of your space.
Vegetable Farming: You can also plant a variety of different vegetables especially, pepper, tomatoes, Okra, Spinach, Hibiscus Sabdariffa etc, which are mostly consumed in this part of the country and harvest them to sell or make into different products before selling.
Livestock Feed Manufacturing: Even if you don’t have enough space to actually farm livestock, you can still contribute to the industry by manufacturing feed for livestock. There are lots of smallholder farmers in the state looking for quality but affordable feeds for their livestock. If there is alternative to imported feeds, then there will opportunities for farmers who have low budget. Especially now that the fish farming business is blooming.
Fruit Growing: one could grow and harvest various types of fruit to sell or make into other fruit based products. Many households have these tree plants producing fruits but don’t bother about selling them most of which rot away. One can source from these households and sell them or you can process the fruit and sell to consumers or food companies.
Field Crop Farming: Soybeans, cloves and other types of crops require a fair amount of field space to grow. But if you don’t have the land, you can rent the land, harvest specific crops to sell to food producers.
Nursery Operation: there is a demand for ornamental plants here, you can also start your own nursery where you grow and sell different types of plants to consumers or businesses.
Dairy Farming: If you have the space and the ability to care for cows or other dairy animals, you could start your own dairy farms where you produce milk, cheese and similar products. You can also build a business around delivering fresh food items to local consumers or restaurants.
Poultry Farming: you could focus on caring for chickens and other poultry animals to supply food production companies. Or you could focus on collecting and selling chicken eggs. There is always a market for eggs.
Fish Farming; Fish farming is also a growing sector of the agricultural industry. The process requires raising fish in large tanks or enclosures without requiring a large amount of land to practice. One can either sell them fresh or process it either by sun drying or smoking and sell in packs.
Bulk Foodstuff Wholesaling: You could also harvest food from farmers in the rural areas that can be sold in bulk, like rice or corn product, that you can sell wholesale to food production companies.
Juice Production: there is a growing demand for fruit salad and fruit Juice a popular fruit based product that you could potentially make and sell at eateries or other venues.
Meat Packing: You can also start a business that processes meat products to sell to consumers or grocery markets. There is a demand for frozen chicken and yet there are very few outlets that meet the demand.
Florist Business: You could even start a florist business where you grow your own flowers and render the service of beautification of office buildings and houses.
Spice Production: There are also plenty of different plants you can grow that will allow you to create various spices that you can process and sell.
Nut Processing: you could grow peanuts, tiger nuts or similar products that you can package and export.
Sustainable Farm Consulting: you could even offer your expertise to other farmers or agriculture businesses that want to utilize sustainable methods as a consultant.
Agricultural Equipment Rental: there is high demand for tractor vendors and they’re very few available If you have the capital to purchase farming or agriculture equipment, you could start a business where you rent or lease that equipment out to farmers.
Firewood Production: if you have other types of trees on your land, you could use prune them and sell the firewood to those who need it. Creating a long term sustainable business would depend on expanding the amount of land on which you can harvest trees and also systematic replenishment through continuous replanting.
Tree Seed Supply: You could also harvest seeds from different trees and sell them to people who want to plant new ones.
Oil Production: There are also various types of plants that you can use to produce oil for cooking or other purposes. For example, there are plenty of Neem tree scattered in every nook and cranny of Borno state which can be extracted for profit.