5 Most Profitable Agricultural Business Ideas in 2021

3. Farm Machinery

Market value: $103.3 billion

Ranking 3rd on the list of the 10 most profitable agricultural business ideas in 2021 is farm machinery. Agricultural machinery does all the action during soil cultivation, irrigation, planting, fertilizing, haymaking, and harvesting. Because of emerging technologies in the sector, as well as improving economic conditions and increasing farm income, the global agricultural machinery market is expected to expand dramatically in the years to come.

Headquartered in Georgia, one of the biggest tractor manufacturers in the US is AGCO Corporation (NYSE: AGCO). In the fourth quarter of 2020, the company’s net sales amounted to $2.7 billion while shares of AGCO surged 206% in the last twelve months.

London-based CNH Industrial N.V. (NYSE: CNHI) on the other hand sells farm and commercial equipment and vehicles such as excavators and large wheel loaders. The company had revenue of $8.5 billion in the fourth quarter of 2020. Shares of CNHI were up 171% over the past twelve months.

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