What is the Most Profitable Business?

[Jasmine]

If you check the list of billionaires, not a single one them is directly associated with farming. Apart from Bill Gates, no one seems to be investing in farmland. However, we need to realize that farming will be one of the most profitable businesses in the future. Do you know why? That’s because food prices are constantly rising, and the demand is always rising because global population is also rising.

Manufacturing and selling agricultural products, such as farm machinery and supplies, as well as other farm-related services, constitute the agriculture business.

There are a lot of ways to benefit from this business. You can become a producer (farmer) or a seller (supplier, distributor) and make money by selling farm produce. While farming involves directly working on the farms, selling requires you to distribute the produce in the market.

Framing requires significant investment in farming land and food production, and skills and knowledge in farming practices, whereas selling requires you to bring the produce from the farm land to the market.

 

[Mika]

I read somewhere that agriculture contributes to 4 percent of the global GDP. In developing countries, agriculture accounts for more than 25 percent of the national GDP. While the average global GDP of 4 percent is relatively small, 25 percent of the national GDP in developing countries is comparatively high. Even though the contribution of agriculture to the global GDP is not very much, agriculture ensures that the global population is fed well. Therefore, the demand for food will always increase, and the agriculture business will always be profitable. However, agriculture is also a risky business because is it directly proportional to the climate. Pakistan is one of the highest producers of Basmati rice, however, recently due to flood, thousands of hectares of rice farms have been swept away. This will decrease production. In Europe, there is drought, which will affect farming badly. Natural calamities will have adverse effects on agricultural business.