Is livestock farming profitable?

Before starting any side hustle/ business, the natural question that comes to anyone’s mind is How profitable is the hustle/ business?

An answer to this question is yes, but it depends on a lot of factors. Some of which are, what livestock are you dealing with, your location, and more. Therefore, while choosing an animal rearing hustle, you need to put all these factors under consideration.

Read also: 10 easy profitable gardening business ideas.

Why livestock farming?

There are many side hustle ideas but why livestock rearing? This is the question I guess most of you are asking yourselves. There are some personal reasons as to why specific people may prefer livestock rearing such as it being a hobby. Some specific ones give it an edge. Below are some of them.

• It doesn’t require a lot of time.

This makes livestock rearing exceptional. There are many sides hustles out there, but only a handful require very little time to do. Remember, a side hustle should not negatively impact your main hustle. One that shall actually not affect is livestock farming. This is because of the very little time they require.

You can read more about how to save time for your side hustles in your tight schedule.

• It doesn’t require a lot of skill to do.

This is what gave birth to the myth “agribusinesses are for the uneducated”. The hustle requires very little skill or no skill. You can always invite your veterinary doctor to help out with the complex roles of the hustle.

• You can start it small with very little startup capital.

Not all hustles can start small and some side hustles require a lot of capital to start on a small scale.

• Livestock rearing is scalable.

You can start the side hustles on a small scale and later expand them. This applies to all livestock side hustles which may not apply to others.

The reasons you should start a livestock rearing side hustle/ business are many. You can read more about them here.

Here are the top 10 profitable livestock small-scale side hustle/business ideas you can start today.

Beekeeping.

Beekeeping is a top small-scale livestock rearing idea. Are bees livestock? If that’s what you are asking yourself? The short answer is yes, they are.  I consider beekeeping a passive idea. That’s because bees are heavy workers. They do most of the work for you. After setting up your apiary, what is left are checkups. Beekeeping is gaining popularity nowadays. If you wish, you can give it a try as it’s easier now because a lot of people have gained experience in the field.

Reas also; how to start a beekeeping business in uganda.

Goat rearing.

Goat rearing is a very profitable venture that you can start. Goats are very resistant to diseases and pests, require relatively small land for grazing and their products such as meat have a ready market. You can start goat rearing on a small scale with at least three goats. Your backyard can serve as a grazing field and you can consider a bigger field as the hustle grows.

Sheep rearing.

Sheep is a perfect substitute for goats. Just like goats, they too are resistant to diseases and pests. They require very little space for grazing and the only difference is that people prefer goat’s meat to sheep. Sheep are raised on a free-range system especially in the villages or under shades where food is provided. You can give them a try.

Rabbit rearing.

Rabbit meat is one of the best and it’s recommended by health personnel for people with health problems. This is because it is purely white meat and this has made its demand skyrocket. You can start rabbit rearing on a small scale in your backyard with the smallest number of two. Rabbits multiply and grow so fast. In a short time, you’ll get back all your investment capital and profits. Rabbits are vegetarians and you’ll feed them mainly on greens and special pelleted feeds. It’s is one of the ideas that require very small startup capital that you can start.

Chicken rearing.

Chicken rearing is a top business/ side hustle you can start today. It has a ready market from the locals, restaurants, hotels, and also from all other businesses that deal in chicken. You can start rearing broilers for meat, layers for eggs, and rearing local chicken on a free-range system for their meat. It’s a good idea to start small and grow your hustle steadily.

Quail farming.

Quails are a special type of bird whose meat and eggs are used as medicine due to the vast minerals and vitamins they contain. Quails lay more eggs than layers and their eggs are expensive than chicken eggs. This makes quails a worthwhile and profitable venture that you can start.

Piggery.

Pork is one of the highly consumed meat worldwide. The demand for pork is steady and rising gradually as pork is consumed nowadays like never before. You can start piggery on a small scale just with few pigs in your backyard. You can feed the pigs on standard formulated feeds and greens as supplements.

Fish farming.

In old days, fish was got from natural water resources. Due to increased demand and extinction, these sources can no longer meet the demand for fish. You can do fish farming in artificial ponds or tanks. Just like any other animal, you can feed fish on natural foods such as greens or special feeds that are made specifically for the fish. Fish farming is fun and profitable especially if you do it right.

Read also: Top roadside businesses in uganda.

Dairy farming.

Dairy farming is the rearing of livestock mainly dairy cattle and goats for milk. Milk is highly consumed throughout the world as a tea by both babies and adults. Dairy farming is a very good venture though it’s a little challenging and expensive to start on a small scale. There are a lot of challenges that come with dairy cattle. But with all these challenges, you can still successfully run the side hustle and reap good from it.

Duck and turkey rearing.

Duck and turkey rearing is part of poultry farming under the livestock category. Ducks and Turkeys are not advocated much compared to chicken rearing. But actually, it’s just that they are a little expensive for a small family say the turkey, and have some bias from some cultures and religions. As a business, if you can specialize in them, you can get good money as there are people who like them.

Conclusion.

All that is required of you is to choose one of the top 10 profitable livestock business ideas and start it. The start may be challenging but things shall normalize with time. Starting a business is the way to fight unemployment.

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Just because I am discussing why you should consider an agribusiness doesn’t necessarily mean that they are the best. Other non-agribusinesses can also work out. It’s all about what favors you. Am encouraging agribusiness because of the many reasons I’ll discuss. And also because the current generation is biased against them.

Why do you need a side hustle?

This article is about why you should consider agribusiness for a side hustle. But one may ask, Why do I actually need a side hustle?

The reasons you need a side hustle are many. To earn additional income, learn a new skill, keep yourself busy, and more. You can read more about why you need a side hustle here.

Before looking at why you should consider agribusiness, let’s look at myths that people raise against agribusinesses.

Myth is the core behind all the bias against the sector. Below, I’ll discuss some that people raise.

• Agribusiness are full of hard labour.

This is no more. Machines have come in to do the heavy work involved in agribusiness. Though there is still some human labour required just like in any other business.

• It’s for the poor.

The rich too can do farming. And there aren’t any criteria that determine who should or shouldn’t do an agribusiness. Agribusiness is a Plain business and so, whoever is interested in making money can freely join.

• It doesn’t pay off anyway/You can’t get rich doing agribusinesses.

This can apply to subsistence farmers only maybe. Agribusinesses pay off well and a lot of people are rich doing agribusinesses.

• They are for the uneducated.

Almost everyone is educated in today’s generation, and you too can do an agribusiness with whatsoever qualifications. It’s plain business.

Reasons why you should consider agribusiness for a side hustle.

There are a lot of reasons you should start or consider an agribusiness. By starting one, a lot of parties shall benefit from your initiative to start one. The government, your neighbors and other people shall all benefit. In this article, I’ll try to limit it to personal benefits. There are hardly any people who start side hustles with the sole aim of benefiting a neighbor.

Favorable government policies.

Agribusinesses are the backbone of every economy, especially on the African continent. They provide food directly or indirectly and revenue, especially to the locals. The government always sets up policies that favor the sector. In addition, it heavily supports it through poverty elimination campaigns. This is done by providing resources, services, and more. By investing in this sector, you stand a chance of free assistance from the government and most of its policies shall favor your hustle.

There is a ready market for agribusiness products and services.

Food is life. Agribusinesses provide food for the masses directly or indirectly. Farming as an agribusiness directly provides food. Farm supply services aid farming hence indirectly providing food. As the final product ” food” has assured ready market, then it avails it for all agribusinesses.

Expertise and experience in the sector are easily accessible.

Another reason you should consider agribusiness is the higher chances of growth given the availability of experts in the sector. The experts help out in case things are not right. This makes agribusinesses stand a higher chance of success. This is not the case in other sectors where you may fail to find an expert locally.

You can start small.

Almost all agribusinesses can be started on a small scale. This is not the case with all other businesses. Others require big startup capital and mass production to achieve success. This reduces your risk in the business and gives you a chance to learn the business at work. You can consider expansion of the hustle at a later stage when you’ve gained experience in it.

Minimal income requirements at the start especially when starting small.

Money is the biggest problem. You may wish to start a side hustle or business but when you don’t have the money. Most unemployed people are in this category. They have very good ideas but with no money to start them.  Sometimes, you prefer to start small but the capital to start small is also a lot. This is not the case with agribusinesses. If you have little money but wish to start a business, consider agribusinesses. They require small startup capital and can help you raise capital for other better ideas that require more.

You can read through these low-cost agribusinesses by clicking here

Small-time requirements.

If time, is your problem doing a side hustle, then agribusinesses are your friend. Not all agribusinesses require little time. But some do. The average time required for agribusiness especially farming is small. For example, apiculture requires very little time. You can do some research about others.

You can read about how to save time in your busy schedule for your agribusiness.

Good expansion potential.

Expansion of agribusinesses is unlimited because of the ready market for the products. It’s not nice to start a small-scale business and later realize, you can’t expand it any further. This limits you to the small profits from the small-scale side hustle hence limiting your development. This isn’t the case with agribusinesses.

Conclusion.

Doing agribusinesses is easy and profitable. if you want to start a side hustle, you can try out some of these livestock rearing agribusinesses.

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