Another goldmine and the backbone of our Indian economy is its fertile soil condition, land availability and the agricultural and farming population of this country
If you seem to have these crossed off your profitable business opportunity list then you’ve got one.
The possession of these factors are likely to open your gate to the organic farming business which is booming more than ever now.
Whose market is expected to be worth ₹10,000 – ₹12000 crore by the end of 2020 contributing to its demand by both local as well as global consumers
The reason behind the growth of this organic farming business is
Which made the Indian government impose a GST percentage of 18% which was previously just taxed at 5-6% to promote the larger sector of India and foster domestic production
As well as ensure quality in food to improve the standard of living, making the organic produce a little pricey than the regular.
Organic farming involves testing of animals and cultivation of plants in a natural way thereby avoiding any sort of artificial and chemically infused fertiliser to maintain them.
It includes all variety of oils, seeds, cereals, mill, cotton, vegetable, tea, coffee, dairy etc which are organically maintained through organic wastes of crop, animal, farm and aquatic
The market potential of organic farming is vast as specified by the following facts.
Further, the market potential of this organic farming can be defined through its benefits
On the basis of type of organic farming
The licenses required to run an organic farming business is
The investment required to start with an organic farming business is ₹5 lakhs- ₹10 lakhs
Government assistance available:
The profits one can earn through this business is ₹30 lakhs per month through efficient produce, distribution and marketing
The target consumers for your organic farming business are
Farmer’s market: The farmer’s market is the larger target customer for your organic produce in terms of fruits, vegetables, herbs, fishes, dairy and livestock because of the large household demand for farm fresh and healthy produce
Restaurants and hotels: Many restaurants and hotels also require the organic produce to meet the consumption habits and trends of their diet and health conscious consumers also to expand their menu options
Retail grocery stores: The retail grocery stores are also large target customers for organically produced crops like wheat, millets etc to meet the fibre and diet needs of the health conscious customers
Coffee house and cafés: These are massive target customers because they require organically produced herbs like tea and organic seeds like coffee to give their customers an organic experience
Dairy markets: The dairy markets like retail dairy stores and plants could also make use of the organically produced milk through natural means to meet such needs of the consumers
Online grocery stores: Online grocery stores are another largest target consumers to meet the online shopping consumer’s needs of organically produced fruits, vegetables, grains etc.
The area required to set up an organic farming business is
The raw materials required for organic farming business are
The machinery required for organic farming business is
The manpower required for this business is
Moreover, ample training in terms of the following must also be provided with
The business model of an organic farming business can be defined using these four variants
Value proposition: The value which this business is likely to provide to you is
Target consumers: The target consumers or this business are
Competitor review: Few key competitors to you in this busines are
Marketing strategy: The marketing strategy that can be implemented by your organic farming business is
The organic farming business has witnessed and has the potential for the following growth prospects
The profit margin which this business is likely to yield to you is 22%-35%
It’s time to make India Organic again both in terms of production and consumption while you make some bucks for you. So here are few more reasons why you should take up this business opportunity
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