5 Factors to Consider before venturing in Agribusiness
Many people venture into agriculture without counting the cost of it. They do not take it as a business. A business is an entity one ventures to make a profit. The goal end is to get profits. Therefore, if you want to venture into farming as a business, you have to make a profit. Making profits comes with a price the investor must pay. The farmer needs to prepare a business plan for his business. This will save him a lot in the farming process. 1. Products to produce As a farmer, you must make a choice about the products to invest in. This can be either crop production or animal husbandry. This needs a farmer to do research on which animals and crops do well in that area. Every crop has its own favorable conditions for growth and even animal. The farmer can choose to consult agricultural practitioners within his locality. There are other factors to consider as you choose what to produce, such as market availability, choosing the right variety, and other inputs. ...