12 Most Profitable Crops For Small Farms
If you are knowledgeable about what crops to grow, and you focus on the Most Profitable Crops, farming can provide great profits. You can earn a sustainable income from farming, no matter how small or large, whether you have a greenhouse or a farm, agricultural land with many acres.
What is a Cash Crop?
A cash crop is a crop that can be grown for profit. These cash crops, also known as profit crops are then sold to third parties by the farm, such as customers (B2C), or other businesses that sell or cook in their shop (B2B).
Do you know which are the most profitable plants to grow and sell? and What Makes A Crop Profitable?
You can increase your profitability by doing your research and making sure that your crops are:
It can be grown quickly (from seed to harvest).
Has high demand
High yields
It can be used in multiple ways (so that you don't lose sight of one buyer if an industry is struggling).
It can be grown all year
Seeds cost
Maintenance costs
Crop yield doesn't take up much space so you can fit more.
Your profit will depend on whether you sell directly to customers (retail price), or to businesses (wholesale pricing).
Remember that potential revenue estimates do not include overhead or operating costs.
12 Most Profitable Crops For Small Farms:
Below is a list listing the most profitable crops according to organized categories. Each category represents the crop group of which that crop is part. Below is a list of each crop, along with an estimate for its expected revenue. The crop yield for each crop is used to calculate the estimated revenue.
1. Lavender
Lavender can be one of the most lucrative cash crops. Lavender is a profitable cash crop because of its multiple uses and revenue streams. It can be used in aromatherapy and floral arrangements, cooking, and many other uses.
Lavender takes approximately three years to mature fully from seed to harvest.
Lavender Revenue:
You can sell lavender bunches for $6-$13 depending on the end buyer. A single acre can yield approximately 12,000 lavender bunches, which is worth between $6-$13 each depending on who the buyer is.
2. Saffron
Saffron can be described as the most expensive culinary herb in terms of weight, selling for more than $500 per ounce. It is primarily used in cooking as a flavoring and coloring agent. The harvest time is eight weeks from seed to harvest.
Saffron Revenue
Saffron can be purchased for between $10 and $20 per gram or $5,000 to $10,000 per kilogram. A field-grown acre can yield three (3) pounds of saffron worth between $15,000 and $30,000.
3. Gourmet Garlic
Gourmet garlic is more expensive than regular garlic, selling at a price of $16 per kilogram. This compares to the $3.48 per kg that you will find in your local supermarket. After three months, garlic is ready to harvest.
Gourmet Garlic Revenues:
Gourmet garlic can be purchased at a price of $16 per pound. The average yield for garlic is between 10,000 and 12,000 pounds per acre. This makes it worth anywhere from $160,000 to $229,000
4. Chives
Chives can be grown year-round. They keep their leaves green through winter and then grow back in spring. They are often called a "gateway plants" as they are easy to grow, require little care, and are very hardy. Chives are a very profitable crop. They will grow year after year.
Chives can be harvested 30 days after transplantation or 60 days after seeding.
Chives Revenue
Nationally, chive prices range from $8 to $12 per pound. A chive acre can yield approximately 18,000 pounds and is worth between $144,000 and $1216,000.
5. Basil
Basil can be used to make a variety of medicines, including for treating head colds or bites from snakes/insects. It is also easy to harvest and can be ready in three to four days.
Basil Revenue:
Basil can be purchased for between $3-$4 an ounce and $50-$60 per kilogram. A hectare can yield approximately 1,740 pounds basil. This makes it worth $87,000-$104,000.
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