A small farm can generate income through a variety of channels, from livestock to educational programs. However, growing and selling crops is generally at the top of the list. If you’re looking for the best cash crops to add to your farming business, here are some profitable crops to consider.
Small-scale agriculture in 2023
Small farmers will face many challenges in 2023, from challenging weather conditions to consumers increasingly concerned about rising food prices. With the world’s population rising, there is a continued demand for high-value cash crops. And farmers can get these items to consumers through a variety of channels, from farmer’s markets to wholesalers and restaurants.
Most profitable cash crops for small farms
Whether you are looking for a lucrative cash crop to add to an existing farm or are trying to build a farm from scratch, here are some lucrative plants to consider.
1. Goji berries
Goji berry plants are easy to grow and each can grow up to 4 feet in height, leaving plenty of berries to pick. If you are interested in planting goji bushes, they can be easily sold to supermarkets, restaurants and food brands for use in high-quality snacks and dishes.
2. Oyster mushrooms
Gourmet mushrooms such as oyster mushrooms are often used in expensive dishes. But they also grow quickly and are quite cheap to produce.
Microgreens like arugula and other leafy greens don’t need much space to grow and they are quite easy to keep alive in a variety of climates.
Almonds are popular in everything from trail mix to milk alternatives. Once established, almond trees are quite hardy and can produce a high yield in the right climate. However, it may take a while for them to get going. So think of this more as a long-term investment.
Coconuts are among the most profitable crops in the tropical plant family. Those in warm climates can start these plants without much resources and then grow them into large trees that yield lots of coconuts.
Growing ginseng root can be profitable, as it is used in a variety of therapeutic and supplemental products. It may take years for this plant to mature enough to sell the roots, but you can sell seedlings in the meantime.
7. Cherry tomatoes
Cherry tomatoes are the smallest of the tomato family, meaning they grow quickly and easily. Tomato plants sprout easily year after year and are used in a variety of dishes.
Garlic is a small plant that does not require much space or resources. It is also used in numerous dishes and for gourmets, garlic can command a hefty price tag.
Saffron is one of the most expensive culinary spice products on the market. Some startup money is required to grow these plants. But in the end, the established factories can bring high profits every year.
Basil is another herb that features prominently in many dishes. It’s small and easy to get started. You don’t even need a large outdoor garden to get started.
More of the most profitable crop options
In addition to those mentioned above, here are some of the most lucrative crops that you may not have considered.
11. Bonsai plants
Bonsai plants are generally grown indoors. And each can command a hefty price tag. They are generally sold as small potted plants. So you can offer them in stores or even online.
Lavender plants are fairly hardy. And they can be sold in bunches to consumers or even wholesale to companies that use the oil for fragrance or related products.
A bamboo business can thrive due to the ability of these plants to grow quickly and have a decent price tag. This plant is mainly sold as a potted or landscaping plant.
Hemp is used in a huge range of products from supplements to fabric. And the plants are fairly hardy and cheap to grow.
Juniper is popular in landscaping. And the oil can even be used in various products to add fragrance and flavor.
Hostas are among the most hardy of landscape plants and are in great demand across the country. You can even replant them from cuttings of existing ones.
17. Pine trees
Pine trees can grow in a variety of environments, even during cold winters. Then you can sell them to eager buyers during the Christmas season.
Pumpkins are a particularly popular crop during the fall. So you can easily add them to an existing operation to increase traffic during this growth cycle. Many growers offer them as a U-pick option for consumers. But you can also harvest your own and sell them to supermarkets or food manufacturers.
Sorghum is similar to wheat, but it is in many products and can be grown with less land. This ingredient is often found in drinks and syrups. So you can even establish wholesale relationships with these suppliers to generate ongoing revenue for your business.
Flowers in general can be profitable crops for growers who work with nurseries or florists. Sunflowers, in particular, can be quite hardy and come with a significant price tag. Growing flowers may require a lot of space, but they are generally quite easy to care for.
What are the most profitable plants to grow and sell?
There are many options available to those interested in growing plants and selling them. If you’re looking for one new crop with a minimal investment that can yield a significant return, consider gourmet mushrooms such as oyster mushrooms or shiitake mushrooms.
Can a small farm become a successful business?
Yes, a small farm can become a successful business. However, you usually need at least one valuable crop, such as mushrooms, ginseng, flowers, or herbs. Many different enterprises run farms with various other crops to generate additional income throughout the year.
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