In this article, we are going to talk about the 10 most profitable agricultural business ideas in 2021. You can skip our detailed discussion about the trends in the agribusiness industry and go to the 5 Most Profitable Agricultural Business Ideas in 2021.
The agriculture industry is one of the major contributors to the world’s GDP as the sector feeds billions of people every day. According to the data from the World Bank, the agriculture industry accounted for 4% of the world’s GDP in 2018, and in some developing countries, it can account for more than 25% of GDP. Aside from the actual farm operations, agricultural business or agribusiness refers to the manufacturing and distribution of agricultural products such as farm equipment and supplies, machines, and other farm-related services.
In a Research and Markets analysis, the global agribusiness market is valued at $3.5 trillion as of 2020.