5 New Innovative Agricultural Business Ideas

3. Floriculture

Farmers can dedicate a portion of their land for growing flowers and can reap tremendous rewards from this investment. Flowers are in high demand during the holiday and wedding seasons across the world. Flowers can be grown at relatively cheaper prices than other plants and are sold at a healthy premium. Since their shelf life is not that long, it is possible to use the land allocated to flowers for some other purpose in the off season. The flower sector is especially interesting for investment as supply chain challenges, labor shortages and poor growing conditions have led to a global shortage of fresh flowers in the past few months. This has created a surge in demand and prices are through the roof. Millions of weddings take place in the United States alone every year. This represents a significant revenue opportunity for farmers who grow flowers.