6 Agribusiness Ideas in the Philippines You Can Base Your Business On
Agribusiness ideas always have had great potential in the Philippines.
During the term of President Ferdinand Marcos (1965-1986), the Philippines was known to the world for excellence in Agriculture and Agribusiness. Neighboring Asian Countries would go to the country to study and master Agriculture.
The change happened when Marcos term ended, and the next presidents gave priorities to other sectors. Nevertheless, Agribusiness still has a high significance in the Philippines’ economy.
There are so many kinds of Agribusiness you can venture in. For this article, we’re providing you 6 of those Agribusiness Ideas.
One of the problems the world is facing is hunger. If we can plant common crops in our home, then, we’re providing ourselves with some food. So how are we going to do it with the limited space we have in the city? The answer lies in vertical gardening. You could use the wall at the back of your house and the fences surrounding you. Plant in pet bottles and hang it on your wall or your fences. Small crops such as Pechay and Mustard could be good choices to plant in these pet bottles.
As for your limited floor space, use a variety of pots and a combination of different crops to plant. You could use 3-5 pots to plant onion, then, another 3-5 pots for lettuce. Continue the process until you utilize whatever floor space you have. In the end, Urban Agriculture not just provides food for the family but income as well, especially when your yield is high and you can sell some to your neighbors or a market near you.
Just like Urban Agriculture, herb growing needs a small space to grow. One of the common questions posted on the internet is how to start with herb growing? The answer is not that complicated. Just select your preferred herbs, use an appropriate soil, and plant them in a pot.
There are many uses for herbs. One of which is for cooking. Although there’s a lot of artificial seasonings for food out in the market, health-conscious people still prefer herbs. Artificial seasonings are high in salt content and are not good for people with heart disease and high blood pressure.
Another use of herbs is for medicinal purposes. Garlic could be used to lower the cholesterol of a person while Ginger is used for easing nausea and motion sickness. There are so many herbs to use as alternative medicine, and you have to do your research on the internet.
Herb Growing is a good Agribusiness as people nowadays are looking for healthier options.
Vegetable Farming is one of the good business ventures you can do. If you can find a market where you can easily lodge your yield, then, it will be easy for you to sell. In the Philippines, Balintawak Market is a well-known drop-off for vegetable products. You can visit the place and get yourself oriented about what vegetables are in demand in the market. Upon knowing this, you can be selective on the vegetable crops you’re going to plant on your farm.
Your visit to Balintawak wouldn’t be complete if you weren’t able to find vegetable stores where you can be the supplier of their merchandise. You need to market your vegetable farm to them and make competitive offers. Once you made the deal, you need to constantly supply the demand of the market in terms of vegetable supplies.
Another one among the great agribusiness ideas is the nursery operation. It is the maintaining and propagation of seeds and saplings to grow more plants and vegetables. As we all know, since we keep on harvesting from our farm, we have to keep on planting and replenishing what has been taken out. Most of the plants and vegetables propagate from their seeds. It wouldn’t be a good idea to plant these seeds directly to your planting area as you don’t know their viability yet. Instead, it is ideal for planting these seeds temporarily in a certain area called the nursery and see if those are the good ones.
The nursery supplies the seeds and saplings for your continuous planting. Some farmers intentionally produce more samples in their nursery. They do it for a purpose. Some want to have more seed reserves, and some want to earn an income by selling it to other farmers. With the growing population making planting as their hobby, the prospect of nursery operation is great.
Milk is considered as one of the most nutritious foods on earth. Milk can produce a variety of products as well. This includes butter, cheese, cream, yogurt, ghee, condensed milk, dried milk, ice cream, etc.
Dairy Farming has a huge market around the world. The meat of the cow and its milk are always in demand. This Agribusiness is surely a hit.
Poultry Farming is the raising of chicken, ducks, turkeys, and geese to produce meat and eggs that serve as foods for the people. There is a great market for Poultry Farming, especially in countries where Pork and Beef are not allowed due to religious beliefs.
The investment in Poultry Farming is cheaper compared to other forms of livestock. This is very favorable to people who are just starting their Agrobusiness.
If you’re thinking of getting into any Agribusiness, our Philippine business startup experts team in 3E Accounting can help you. You can contact us for more information.