Agriculture Farming Business

Agriculture Farming Business Success Stories [2024]

•

Updated: December 18th, 2024

Agricultural farms are the backbone of our economy. The agricultural farm business is also known as agribusiness. Agribusiness involves the entire process of sending an agricultural good to market, from production to distribution.

To start an agricultural farm, you need to decide what kind of crops you want to grow. Choose from different crops like vegetables, fruits, nuts, or flowers. Once you have decided on your crops, then all that's left is raising them and selling them at farmers' markets or online stores.

Agriculture farming can be profitable in many ways. One of the most important ways to make money with agriculture is through selling your crops at the market and by renting out your land for other uses, such as growing crops or raising animals.

The profit from an agricultural farm can be very high, especially if you have a lot of land and a lot of cattle. The Average net cash farm income (NCFI) for farm businesses is forecast at $98,200 in 2022.

In this list, you'll find real-world Agriculture Farming Business success stories and very profitable examples of starting a Agriculture Farming Business that makes money.

1. Chesed Farms ($200K/year)

Jonathan and Sundown were both struck by the limitations of having fresh, local, and sustainable food sources in Walla Walla, Washington. They noticed the lack of a significant mushroom grower in the area, despite the high demand from local restaurants and health food grocers. This gap in the market prompted them to consider mushroom farming as a viable business opportunity.

Before fully diving in, they engaged in thorough research, including testing different growing methods and visiting local restaurants to understand their needs. They also sought validation by consistently selling their initial small batches quickly, which proved there was a strong local demand for gourmet mushrooms.

Throughout this process, they faced significant challenges, including fumbling through initial trials and adapting to the COVID-19 pandemic's restrictions. Each setback provided critical lessons in persistence and flexibility, which helped refine their approach and solidify their business plan. Their dedication to building strong community relationships aligned with the core value behind the name "Chesed" — embodying loving-kindness through their sustainable farming efforts.

How much money it makes: $200K/year
How much did it cost to start: $5K
How many people on the team: 6