Using the latest technology we will be applying various farming techniques to increase success and reduce loss. As the project develops we will focus on the more successful areas as we grow. I expect the first year to be set up so we can only expect cost. Initially, we will focus on specialty indoor crops with high returns. At the same time, we will be making improvements to the surrounding acreage with the plan to eventually plan corn and soybeans or other crops. We will be using a system of rotation and planting crops that do well in dry regions.
By the second year of operation, we should start seeing income from reselling products we grow. Realistically we are looking at minimal 5 years for a $10,000,000 investment to start showing a payback. Most of that payback will come in an increase of the land value as it becomes viable for a variety of crops and livestock.
| ITEM | QTY | PROFIT/1YR | EXTENDED |
| SOLAR FARM | 1 | $40,000 | $40,000 |
| HERBS | 1 | $30,000 | $30,000 |
| VEGETABLES | 1 | $100,000 | $100,000 |
| CANNABIS | 1 | $500,000 | $500,000 |
| GINSENG | 1 | $15,000 | $15,000 |
| HONEY | 1 | $5,000 | $5,000 |
| LIVESTOCK | 1 | $250,000 | $250,000 |
| LAND VALUE | 1 | $1,000,000 | $1,000,000 |
| $1,940,000 |
Most Profitable Agricultural Business Ideas in 2021
- Vertical Farming. Market value: $3.9 billion.
- Precision Farming. Market value: $7 billion.
- Apiculture. Market value: $8.3 billion.
- Microgreens. Market value: $10.9 billion.
- Vegan Food. Market value: $14.4 billion.
- Herbs: Market value: $11.03 billion.
- Corn – as the land is viable
- Soybean – as the land is viable
Cannabis
- Cannabis. Market Value: $22.10 billion.
Solar Farm
Potential profit of $40,000 per year.
| Vegetable | USD Value/SF |
| Cilantro | $ 21.20 |
| Arugula-Roquette | $ 20.92 |
| Green Salad Mix | $ 17.55 |
| Chives | $ 16.40 |
| Dill | $ 16.40 |
| Lettuce | $ 16.20 |
| Tomato, Cherry, small & medium | $ 15.57 |
| Turnip | $ 9.90 |
| Tomato, large | $ 9.50 |
| Squash, Winter | $ 8.40 |
| Tomatillo | $ 8.00 |
| Cucumber | $ 7.74 |
| Basil | $ 6.63 |
| Radish, Red | $ 6.22 |
| Pumpkin | $ 6.20 |
| Chard, Swiss | $ 6.14 |
| Celery | $ 6.00 |
| Squash, Summer | $ 5.96 |
| Choi | $ 5.70 |
| Peas, Snow | $ 4.50 |
| Pepper, Jalapeno | $ 4.50 |
| Squash, Summer, Zucchini | $ 4.17 |
| Onion, Bunching | $ 4.14 |
| Pepper, Bell | $ 3.60 |
| Brussels Sprouts | $ 3.59 |
| Carrots | $ 3.56 |
| Rhubarb | $ 3.25 |
| Squash, Winter, Butternut | $ 3.20 |
| Kale | $ 3.07 |
| Grass, Lemon | $ 3.00 |
| Peas, English | $ 3.00 |
| Onion, Bulb | $ 2.63 |
| Radish, White | $ 2.60 |
| Bean, Bush | $ 2.51 |
| Peas, Edible Pod | $ 2.50 |
| Artichoke, Globe | $ 2.40 |
| Cabbage, Chinese Napa | $ 2.24 |
| Squash, Winter, Delicata | $ 2.10 |
| Spinach, Spring/Fall | $ 1.80 |
| Leeks | $ 1.75 |
| Potatoes | $ 1.50 |
| Parsnips | $ 1.50 |
| Garlic | $ 1.37 |
| Squash, Summer, Yellow | $ 1.34 |
| Parsley | $ 1.31 |
| Corn | $ 1.25 |
| Squash, Winter, Acorn | $ 1.20 |
| Squash, Winter, Hubbard | $ 1.20 |
| Eggplant | $ 1.10 |
| Greens, Mustard | $ 1.10 |
| Rutabaga | $ 1.00 |
| Beet | $ 0.89 |
| Cabbage, Savoy | $ 0.80 |
| Broccoli | $ 0.80 |
| Kohlrabi | $ 0.75 |
| Cauliflower | $ 0.60 |
| Broccoli, Chinese | $ 0.60 |
| Cabbage | $ 0.50 |
Average Net Cash Farm Income for U.S. Farm Businesses Forecast Up In 2021
Farm businesses are farms with annual gross cash farm income of at least $350,000 or operations with less than $350,000 in annual gross cash farm income but farming is reported as the operator’s primary occupation. Farm businesses account for half of U.S. farms, but they contribute more than 90 percent of the farm sector’s value of production and hold most of its assets and debt.
U.S. Department of Agriculture, Economic Research Service. Farm Sector Income & Finances: Farm Business Income, December 1, 2021.
https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/farm-business-income/