Livestock Business Ideas for 2022 : 8 Most Profitable Ideas
Livestock rearing has been a good source of income for human beings since ancient times. Currently, livestock farming is undoubtedly one of the most profitable businesses – both at small-scale or large-scale. If you want to start a livestock farming business, then read on for some of the most profitable ideas that will double your revenue in 2022.
If you have little space at your backyard, you can start farming there or hire a space on rent. The only thing you need to keep in mind is selecting an animal that has good demand in the market, doing a little research, and beginning with your business.
Best Livestock Farming Business Ideas for 2022
Below we have mentioned 8 most lucrative livestock business ideas that anyone can start with little guidance;
Goat farming is one of the most profitable livestock farming businesses because it produces milk and meat. Goat farming is also a low-investment and high-profit livestock farming business. Because they are smaller than other livestock animals, they don’t require a large area for housing. In addition, goat farming provides quick and high ROI depending on the amount invested.
You can start with 6-7 goats at the beginning and once your business gets established, you can increase the numbers.
Pig farming is another profitable livestock business idea. Globally, more than 1 billion pigs are butchered every year, and the US, the European Union, and Canada are the top exporting nations. Pigs are primarily raised for food, however their skin, fat, and other materials are also used as clothing, cosmetics, food ingredients, and for medical purposes. Pig farming is mainly practiced in the northeast regions of India.
All over the world, dairy farming is popular. Farmers will have a chance to double their income and provide their families with more nutritious food. Although subsistence dairy farming provides fresh milk and a source of basic income, value-added products such as yogurt and cheese provide a higher source of revenue.
In order to get started with dairy farming, you can choose some of the best cattle breeds in India.
Farming sheep is also a lucrative business for farmers. Sheep can be raised for their milk, meat, and fiber. However, you need to select certain breeds based on your region’s agro-climatic conditions. Mainland China, Australia, India, Iran, etc., are some of the important sheep-producing countries. Before you start a sheep farming business, you should draft a clear business plan that includes financial costs & revenue.
Fish farming is another money-making business for anyone who has ample water bodies. However, you can also raise fish on small tanks or ponds in your backyard. You can select different types of carp fishes, shrimp, prawns, catfish, and salmon. Before starting a fish farming business, do a market study to understand the local demand. In today’s world, ornamental fish farming and biofloc fish farming are very popular.
Currently, the cultured pearl industry is gaining enormous popularity. Presently, almost 100 percent of pearls sold are cultured pearls. A pearl farm can produce pearls artificially. Pearl farming is a very lucrative livestock business, but requires long-term planning.
Many farmers earn lakhs of dollars a month through pearl farming. A farmer even grows pearls at home in buckets.
Poultry farming can be done for eggs and meat. Egg-laying hens are called layers, and meat-producing hens are called broilers. Due to the growing demand for chicken meat, poultry farming is a profitable livestock business for farmers. You can start a poultry farm on a small or large scale.
Even though quail is a small poultry bird, its farming is very profitable. Quail farming benefits are rapid growth, early sex maturity, a short generation interval, and prolific egg production. Quail meat is also low in fat and low in calories, making it an ideal food for health-conscious individuals. Quail eggs and meat are known for being rich in vitamins, essential amino acids, phospholipids, and unsaturated fats. This is essential for the physical and mental development of humans.
Loans and subsidies for Livestock Business
You can easily obtain a loan from a bank to start these businesses. Furthermore, the government offers mudra loans to all those who wish to start their own businesses. All you have to do is visit your nearest bank and tell them about your business plan. The amount of the loan will be determined by the type of business and its requirements.