Agriculture can be a very lucrative way of making money also when you think about the most profitable crops per acre. As a farmer or investor, your main goal is usually to reap the maximum amount of money possible, for the capital that you pour into the venture. good thing is that there is no shortage of opportunities in the sector, provided that you choose the right approach as you make the investments.
At times however you will find yourself being limited by the factors of production, one case in the example being the size of the land that is accessible to you. in this case, it is essential to see to it that you control all the other factors of production, to get the most output in a given season- which in some occasions can include determining the most profitable crop to farm.
Here some examples of the most profitable crops per acre:
Saffron may actually be the most pricing legal crop in the entire world. It goes for around $2500 per pound, making it the most expensive culinary herb. It can be hard to describe what’s this plant tastes like, most people talk about it as having a floral honey flavor.
Why does this plant cost so much? Apparently Saffron comes from the stigmas of the crocus plant. Close to 75000 flower cash needed to produce a single pound of dried saffron. To grow this number of crocus flowers, one needs a quarter acre of land- So you can begin to have an idea of how lucrative growing the crop would be.
Saffron has been found to grow best in dry regions that have mild winters, such as California. One can however plant them in polytunnels or greenhouses if living in other regions.
This is a crop that has been quite controversial for years but has been gaining a strong footing in some continents due to the realization that it has very valuable health properties. Cannabis exists in two forms that is hemp and marijuana. The difference between the two forms is very significant, and sadly most people do not know this. They belong to a similar plant species referred to as Cannabis Sativa L.
Industrial hemp is characterized by high-fiber and low THC (that is tetrahydrocannabinol). THC is the psychoactive component in marijuana. With one acre of hemp, one can harvest close to 700 pounds of Grain, which can later be processed to produce 22 gallons of hemp oil or an equivalent of 5300 pounds of straw that is later turned into fiber. The money he will fetch for each end product varies from one state to another, but you can be sure that the yield for 1 acre Can fetch you quite an impressive amount of money.
This is one of the fastest Rohan plants in the entire world. In fact, there is a species in Japan that grows at a rate of more than one meter per day. You may tend to think of bamboo as being a tropical plant, but other very hardy varieties have the capability to survive winters even when the temperatures drop below zero degrees.
So far, who has been identified as a very versatile landscaping plant that can be sold in its standalone form, are used in the creation of hedges and screens. They are homeowners and landscapers who are usually willing to part with as much as $150, to lay their hands on a single potted bamboo plant.
If one decides to grow their bamboo in pots in their nursery, they can produce several thousands of dollars worth of this plant in a single year. One can for instance grow up to 600 bamboo plants in 5-gallon pots placed in a piece of land that measures 40 feet by 30 feet.
There is actually hope that this plant is going to be even more profitable in the future since it’s gaining popularity as a raw material in the textile and fabric industry. If you are living in a climatic region that supports the growth of bamboo plants outdoors, this is a plant that you can actually consider growing as a cash crop.
Goji berries are quite nutritious and packed with antioxidants, and are well-known for having both anti-aging and anti-cancer benefits. They are therefore highly sought after as a superfood. Most of the Goji berry produce comes from China, though the North American Climate also favors their growth equally well.
The organic and dried berries fetch over $20 per pound, with the fresh berries fetching an even higher price. One can grow up to 7000 pounds of these berries on a single acre of land, making it one of the most valuable types of berry.
Goji berry plants usually grow best when they spend the first weeks of their development in a greenhouse, before being transported outdoors. This makes them withstand both the cold winters and the cold summers effectively.
As you can see here, there are quite some valuable opportunities that can be tapped into if one is all about making money in the agricultural sector. The one thing one cannot do is simply take a blind leap into it all, expecting that somehow things will go well. There are some global trends that you need to be aware of, moreso if you are trying to scale up your production in a bid to earn a lump sum of money. Even as a farmer who is out to simply ramp up your production so that you can meet the demand for food in the market, you can do an even better job if you take the time to do some research about the state of affairs in the agricultural industry, and how best you can position yourself to ensure that you achieve your objectives.
To that regard, you can actually have a look at what the recommended 4 part series below has to offer in terms of information that can guide your decision making as you navigate this field. Have a look at what the experts have to say about the state of affairs in this field, in this decade.
I hope you enjoyed today’s article about the most profitable crops per acre and that it will give you insights on the crops to target as a farmer or as an investor. Do you have any other crops inn mind, that you think I should have highlighted? Feel free to share them in the comments section. If you also have any questions, then you can drop them in the same section. All the best as you excel in whatever it is that you settle on.
I wish you well,
Eric, Investor, and Team Member at Gold Retired.