RAJESH SURESH DAKE Raigarh, India 210 Questions 106 Answers 0 Best Answers 32 Points View Profile 0 RAJESH SURESH DAKE Asked: February 23, 2020In: Agriculture How do I start a business in agriculture? 0 How do I start a business in agriculture? Share Facebook 1 Answer Voted Oldest Recent RAJESH SURESH DAKE Raigarh, India 210 Questions 106 Answers 0 Best Answers 32 Points View Profile RAJESH SURESH DAKE Added an answer on February 23, 2020 at 9:38 am This answer was edited. Originally Answered: How can I be an entrepreneur based on agriculture? What are the things do I have to do? The Agricultural Value Chain There are so many ways you can get into Agriculture without farming and it starts with understanding the value chain. Let’s take a look at each stage in the value chain. Source: NIRSAL 1. Input Producers: There can be no agricultural revolution without input producers. These inputs can come in the form of improved seed technology, fertilizers and machinery used on the farm. Farmers are able to realize more yield from a farming season when they adopt these inputs 2. Farmers: are the centrepiece of agriculture because they are responsible for locating a land that is viable for farming, identifying the right soil texture, tilling the land, planting the seeds and monitoring until harvest time. 3. Agro Dealers/Storage: it’s important to have off-takers before you harvest, and also properly store crops after harvest or they will be susceptible to rot. This is where agro-dealers/storage comes in. An agro-dealer is an individual or a business that deals in the sale and purchase of agricultural produce. They will store agric produce under the right conditions until it is ready to be distributed to the wholesaler, retailer or final consumer. An agro-dealer may also purchase agricultural inputs like fertilizers, pesticides, herbicides and farm implements, and sell to farmers. 4. Agro Processors: after crops are harvested, they need to be processed for human consumption. For example, after cassava is harvested, agro-processors are responsible for processing it into garri, cassava flour, animal feed, etc. More profit can be made after crops are harvested and processed than when you just harvest and sell. 5. Industrial Manufacturers: are responsible for manufacturing, designing and repairing farm equipment such as pruning machines, harvesters, trimmers, hydraulic components, etc. 6. Distribution and Exports: this is more focused on logistics; properly stacking the farm produce and distributing to the wholesalers, retailers or consumers in different parts of the country or in the case of export, moving the produce to the point where it can be transported either by air or sea to different countries of the world. As an exporter of agric produce, you will need to obtain the right license, decide on the agric produce that is in demand and that you can export and finally, get the right partners/companies that will need your product. Every stage in the value chain is important and dependent on each other; and also every stage is profitable. You will need to do your feasibility study, decide on the stage that interests you and get the right knowledge for you to be successful, especially since you are approaching this value chain as an agricultural entrepreneur. How to be a Successful Entrepreneur in Agriculture The same rule of entrepreneurship applies across every sector. Here are the ways to be successful in agriculture or in any other business. 1. Know your Big Why: there are several industries that you could have chosen, but why agriculture? In an industry that is not easily identified as glamorous, it’s only important that you ask yourself this question. Once you understand your big ‘Why,’ it will be way easier to scale through your first hurdles as an agricultural entrepreneur. It will be easier to put in the hard work so you can reap the big rewards. You will be able to see clearly that agriculture is not: THE NEW OIL – but your contribution can save the world from hunger. MMM – but you are bound to be a success when you help enough people get what they want: Food A QUICK FIX – but with hard work and smart work, you will make a good profit. 2. Understand the sector: this is the first step to becoming successful in any business. To be successful in agriculture (this plays a strong influence no matter where you are in the value chain), you need to know: which crops are planted when,in what part of the country is this crop in huge demand andwhat are the factors that can affect this crop?How much will I need to invest and how much profit will be made?How many times can this crop be planted in a year?What diseases affect this crop? 3. Get a mentor: You can have a mentor even in agriculture. Your mentor, who has already achieved what you want to achieve will be able to guide you every step of the way. He or she may be able to connect you with the right people and even take it a step further by introducing you to people in their network. 4. Learning: by belonging to a community and practicing what you learn, let your learning have a meaning which becomes your identity. Agriculture is a profitable business but more importantly, it’s a business for those with a mission to contribute to humanity’s continued existence and, is a great avenue to impact your immediate society while making profits. We couldn’t end this post without letting you know the easiest way to become an agricultural entrepreneur. It only takes five minutes to become an agric entrepreneur with us. Step One: Sign up here to be a farm follower. You will be able to follow any of our farms including Cassava farm, Soyabean farm, Rice farm, Maize farm etc. Step Two: Start receiving regular farm updates that detail progress on our various farm cycles. You will also receive informative newsletters where we feature the best trends and articles on agriculture; you also be the first to know whenever we have new farms available for sponsorship. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.