Even if it is not as lucrative a business as business in many other areas, I presume agriculture business if done seriously by devoting time, will give reasonable return. Apart from that it will give satisfaction of increasing food grain ( or whichever crop is cultivated) production of our country. It is the most environment friendly business from climate change point of view. Many crops, flavors, varieties are vanishing now. We see apples, peers and many other fruits imported from abroad these days. Perhaps, enough people are not engaging in cultivation. This trend should be reversed. More and more people should tend to agricultural production. Government should provide enough surface water irrigation and less dependence on ground water alone.
Leaving emotional and philosophy behind, I would like to say that in business terms, agriculture is a good gamble. If you play the game correctly and smartly, then the profits are almost as much as any business. If you dont, then it will not even be worth remembering.
I have lot of respect for my friends who talk about producing food for the nation and all, but at the same time, it is also equally important to talk practical about monetary gains.
People who ask if agriculture is profitable are people who look at agriculture as business.
So we should try to guide correctly.
An example of how agriculture can make or break you.
Last year 2011 from Mar to May, we grew tomato 1 acre. total yield 60 tons, excellent crop. Daily we used to send out 3 tons of tomato, it was a wonderful feeling. However in terms of monetary returns, we got Avg rate Rs. 2/kg. :(
However this year 2012, in the month of Mar and Apr, we have not grown tomato and rates are hovering at Rs. 15 / kg. Imagine if we produced 60 tons and got this rate, we would have made Rs. 9 lacs in just 1 acre in just 3 months ;). Hence I say it is a gamble.
Other crops which have standard govt controlled pricing, they are not worth considering as a business potential since the profits after covering all expenses is very less to be a viable business.
I also feel we should stop blaming the govt for things that dont go our way. The main reason for failure of crops are
2. Pests and diseases
3. Water issues
5. Labor issue
In all of the above, I dont see where govt can help the farmer. So I feel we should be honest and work harder to make it successful.
Moral of the story, look at agriculture as a way of life, you will never be disappointed and will live longer and happier.
If you want to look at agriculture as business, be ready for a roller coaster ride.
I am proud to be a farmer no matter what the profits are.
Last edited by niksnarayana; April 3rd, 2012 at 08:41 PM.
Totally depending on the cultivation and the crop yeild and the place where it is grown. This is a poll open for all.
Please give your answer as YES or NO with valid points. Just surveying......
Yes.Agriculture is a good venture.Taking profit or making loss depends on the grower.If one adopts good packages and latest techniques/methods,with multiple cropping,depending on the needs and requirements,one can reap profit.One should not depend on weather God.Put hard work and have faith in God,rest will fallow.