High Profit Crops That EVERY Farmer Needs To Know To Become A Millionaire!
This Video is from the Youtube channel: “Down On The Farm”.
High Profit Crops That EVERY Farmer Needs To Know To Become A Millionaire!
Welcome back to Down On The Farm, today on the channel we are going to check out the High profit crops to become a farming millionaire. Have a guess – what do you think are the most profitable crops for small farms to grow? If you’re short of space or time input, you should look toward high value crops to maximise the output of your small farm production. In this video we’ll take a look at some basic questions you should first consider and then guide you through a list of the most profitable crops to grow.
Mushrooms. When you think of small scale farm ideas, mushrooms probably aren’t one of the first things that come to your mind as the best cash crops you can grow. But growing mushrooms can be surprisingly profitable. Mushrooms are an excellent crop for urban farmers or anyone who doesn’t have much extra space to work with. They are most often grown indoors and produce an extremely high return per square foot. Oyster mushrooms can produce up to 25 pounds per square foot. And best of all, they can be grown vertically in large hanging bags to maximize the space that you’ve got available. Mushrooms don’t last long after being picked and are difficult to ship across the country, so local growers have an advantage over larger commercial operations. Lavender. We recently wanted to purchase some lavender for a baking recipe and went to shops all over our city looking for it without any success. We don’t know if this indicates that the market for lavender is underserved, or if there simply isn’t a demand for it. But either way, growing the herb might be one of your most profitable farming options. Lavender is an extremely versatile crop. Its flowers can be sold fresh or dried to florists. The dried flowers can also be made into floral arrangements or wreaths, or sold directly to crafters or craft supply shops. Selling dried bouquets of lavender is the easiest way to go. It requires a minimal investment into equipment, labor, or time. Finish this video for more High profit crops to become a farming millionaire.
Mushrooms $20/lbs depends on variety.
ginseng 6yrs to mature $200k per acre
lavender fresh or dried $10 a bunch
saffron most expensive herb, $2500k 1/4 acre of land to produce.
goji berries $20/lbs or $140k per harvest
bamboo renewable resources $25k or about 200 bamboo plants from an acre
the real hero. thanks
Nice to see some figures for these types of crops. Thank you Ed
Hemp?
North Central Wisconsin is the largest Ginseng growing area in the USA. 95% of which is exported to China – a testament to the their successes
May I ask the point you are making here?
A HUGE part of this is the marketing of the products and actually making the sales required to reach these numbers. Harvest time is another thing to consider and take into account. Regardless these are great ideas.
yeah and in an incorporated/fascist nation, small business farmers are screwed.
What is a fascist nation?
One where ppl scream at u if u don’t agree with them
@YouOnlyGet1Shot 🤣👍
I started growing Lychees here in Florida when I saw how delicious and expensive they were $12-25 a pound. A mature tree can produce ~25 lbs. per year.
At first I thought you said leeches. Oops. What are Lychees and how do they taste?
@Bee Bob They are a Tropical fruit in the same family as Longans and Rambutans? Got it. LOL They are small Golfball sized, weird looking Red fruits that have a hard shell and 1 large pit inside. They are extremely sweet with the texture similar to a Grape. They don’t like Frost, so if you live in an area where it gets Frost you’ll have to grow them in a large container in full sun.
How is that going for you? I live in Thailand, and my wife knows all about Lychees. If they’re growing well, I’d seriously consider coming back, buying land, and growing Lychees.
@Some Body I’m in St. Lucie county and they grow great here in our yard. A commercial grower is located about an hour South of us. Not sure about if there are any others.
@Gathering No Moss That’s my PERSONAL tree output. Commercial trees are much bigger than the 5 year old trees I have. My trees are pruned so I can harvest STANDING ON THE GROUND. Commercials use a man-lift to harvest them 30-100′ Tall mature size
The nice thing about lavender is that it doesn’t have to be replanted.
It sounds as though three years is the typical turn around for these crops. Not bad as long as you have patience.
What about the other valuable crops. I bet a crown of broccoli would sell well if food was scarce. Don’t forget about the main foods we eat every day
And you want to make sure that you’re not harvesting the lavender when the bees are out and about cause they sure love those flowers. I only have one on my balcony and can’t go out there when the plant is flowering 🤣
I started a very small lavender farm and my oldest plants are now dying at six years old. But they ended up getting large enough to where they actually created a hedge. As for bees, if you’re careful and move slowly, they won’t bother you
Potatoes can sell for 25¢ each. Start there. Good luck! 🤞
@Sarah Sappir my bees thank you!
In Michigan growing ginseng is somewhat regulated. Wild ginseng used to be quite common but has been overharvested heavily and is now fairly rare. It’s a threatened species nationally so collecting wild ginseng is illegal. I believe to sell ginseng you’ll need a state certification, at least in Michigan. Growing cultivated ginseng in a wild setting can be problematic check your states regulations. Ginseng requires a long growth period to mature, hence 6+ years. Actually the older it gets the more potent and valuable it becomes. Wild ginseng is worth much more because it’s more potent than cultivated. Also if you grow outside you may have a problem with people poaching your plants.
Wild Ginseng season and harvesting still happens every year here in West Virginia. Pretty sure it’s most of the Appalachians though.
Thanks Calvin great information 👍
Of course everything must b regulated.. that way they get their part of your hard work.. while i agree the over harvesting isn’t good.
Not only us bipeds … Most critters seem to love this root …
I sell my ginseng to Chinese herbalists in Chicago. I grow in Michigan and sell in Illinois. They still haven’t thrown me in jail.
What you can grow depends greatly on were you live and the soil / water you have. Few understand that.
While this video is great I think the estimates for GROSS revenue are a bit optimistic. Your market price is dependent on what the local market will bear if selling retail/direct to consumer, or the commodity price if selling wholesale. Also consider at least 50% expenses so net profit is half or less of gross revenue, and this isnt taking into account land cost (rent or buy). Cannabis was another obvious one but its not legal everywhere, but since legalization profit per acre has gone down significantly.
Truth!
I still don’t know why people who grow cannabis don’t go for secondary markets. Use the stems that they discard. They would need to work together but cloth and/or paper.
@Simone Smit Not enough fiber or demand.
Now might be a good time to plant saffron since most of it is grown in Afghanistan, which might make it more difficult to obtain or expensive in the future. If you want to grow gogi berries, you can literally plant the seeds from the dried ones from the grocery store, and almost every single seed will sprout. There’s videos of people doing this on YouTube, one lady planted a huge amount of seeds not realizing how fertile they were and made a video of her entire apartment covered in potted gogi berry plants, they were on every surface. In some US states, there’s another “High” profit crop people can grow. Marijuana! It’s actually easy to grow, as long as it doesn’t get infested with a few specific insects or molds.
I have quite a few bulbs growing this year and 50 more on the way. I am so excited!
@Tracy Crider where are u getting the roots from ?? I’ve been looking for a source forever can u please message me back I would appreciate it thanks
As a 17 yr grower from california, growing cannabis is not easy. It’s also not profitable anymore.
You have no idea what you’re talking about. Growing Cannabis is not easy at all. You just told all of us that grow that you have never grown it and regurgitate headlines like you know something. You assume a high profit because all you have done is buy it.
those goji berries grow like crazy… I was renting a house in Calgary and the landlord had planted some when he was living there… after a few years they took over the whole south side of the house and spread into the lawn. I had to mow the lawn based on how fast the goji plants were growing because those little stalks came up faster than the grass… reminded me of out of control raspberry bushes. they were relentless once they rooted in.
So how much was your cut of the profit?
Yes they are evasive, I see them growing wild here by Chicago.
The difference between goji berries and raspberries is that we’d actually want to eat the raspberries.
@Steven Schnepp I pick and make jelly out of the wild raspberries they are great but about 1/4 seeds which have to be removed. Same for the wild grapes. Not sure what to do with the goji, swallow them whole like a pill? Soak in anise, cover with chocolate swallow and follow with a shot of tequila?
@Dan Wipper juice the goji berries in a “masticating” juicer, very healthy to drink daily
Back in 1978 I had the same idea, so I ordered some Autumn Crocus bulbs and planted them, so, a Year later when they bloomed, I found-out why Saffron is so expensive.The labor cost would be extreme. I had my supply of Saffron, though.
Lol bingo 👏👏
Yep farming is hard labor intensive work
Saffron is worse.
Iran sells that
He said it “May” be a profitable crop to grow. Not sure why it even made the list
Yes. You missed Empress Trees. Fast growing, 5 year turnaround, logs are worth $10,000 each, and they regrow after being harvested.
I have one in my front yard. Its grown 6′ in one year.
Aren’t they stinky or something? And I thought they were invasive too. I thought I remembered a neighbor planted one near an outbuilding and the roots went far and threatened their well despite it being 30′ away…
@EducatingMama No, not stinky, but they do spread fast because they produce a lot of seeds and grow quickly. But those same properties, along with their excellent wood, make them a valuable cash crop.
What? I have gold in my yard and didn’t know it!
@McQuigan B you’ve got a goldmine! Good harvesting to you! Be prosperous my friend!
It’s the balance between supply and demand that pushes the price up. If every farmer grows a particular crop, it’s not rare anymore and the price will go down
also the amount of work to get a gram is alot!
In theory but we have never had a natural market. Corporations have been manufacturing demand and manipulating supply as long as we’ve been alive.
@Dan Quayles ITS SPELT POTATOE! Yes its a combo of supply/demand and also labor or difficulty. Truffles are so difficult, time and labor intense, big investment, risky or a crop that limits people willing to try. Safron wow, 75k flowers to make one pound that’s crazy intense labor, supply will always be weak. The first thing that came to my mind was automated growing and harvesting. The small flowers are easy to grow, if kept in on a conveyor system it could be possible to roboticly automate harvesting and let people do planting and care, might have to service the plants every three years or divide bulbs and replant
Exactly
What’s important is the demand in the market you are in? Focus on what will actually sell consistently locally. And the barter economy should be factored into any up-and-coming farmer to make ends meet.
Poppy, Coca, plenty of demand.
@Andorian Nationalist cacao, coffee, tea. (the black market needs regulation, sorry)
Stevia should be added to the list. It has a lot of advantages for the farmers. It’s a highly convenient plant for the food industry in order to replace the sugar.
Worms are $55lb! and they fertilize my garden! I raise millions of worms for fertilizer and to show others how to care for them 🙂
@Captain Matt and the Worm People worms are living beings. Did you know that?
@Michael Batista Go on… I’d enjoy hearing your perspective.
@Michael Batista they are food for animals
@Be Prepared For What’s Coming animals can eat other types of food too. It doesnt have to be worms
Arugula blossoms are very good on return of investment for price per pound. We had a crop of arugula bolt, and it was before we found out the price per ounce would have made it worth our time selling it at the local farmer’s market.
Hey there I was curious where abouts are you growing them at ? We were interested out here in California
@559wonder we’re located in Reno NV. Arugula now grows in our yard like a weed. The chickens love it.
I love arugula and it’s great to hear I’m not the only one! 😄
As a mushrooms farmer, I can say that I’m not rich. Most of your mushroom footage is from forest foraged mushrooms that actually aren’t able to be grown at all. They depend on tree and fungi to work together. This is why we need healthy forests. All the best. 🍄
Found a porcini’s in my front yard last year. left it alone hoping it will spread more spores. Have or had Shiitake’s in my backyard from spraying the last 3 mil of a syringe. Think the deer ate them too soon or some other wildlife. haven’t produced or seen any in a couple years.
Thinking about trying the “Growing mushrooms on untreated sawdust pellets” from Glenn Coville. Or just get syringes of spores then turn them into 5 gal buckets and dump all over my property. Have a spring in my backyard so humidity lv’s can be great. have failed several times trying indoor or controlled environment. Did some agar and uncle bens pre cooked long grain. couple years ago. with a few edible strains.
It crazy to think they use Mycorrhizal fungi in large hydro or aqua ponics in large commercial grows.
what is your mushroom set up like and is it at least 6 figures a year? There is a family that grows noting but strawberries, mushroom and a few dairy goats and they claim to profit 500k a year. Top 3% right there, and thats pretty nice.
As a fellow mycologist I do my part spreading spent substrates and the odd bag of inoculated alder chips! It’s so rewarding to return to the business parks year after year and see those beautiful little pins popping up!
I have a mushroom biz also. Not the most profitable if you’re just growing culinary stuff and have a small team:( I feed spent blocks to my chickens or mix em into my garden. Theres been talk of using oysters and myceliated blocks to help remediate the train derailment chemical spills… wish somehow that could be organized and govt funded but. Yano. In an ideal world. I think the next big thing will have to be myco-remediation. Trying to figure out how to grow and apply plastic-eating mushrooms atm. Take care friends
Following
The dry Karoo in South Africa has been found to be ideal growing conditions for Safron and farms are springing up growing Safron now . Might even cause a price drop is there is a surplus
Evening Mike are you in contact with anyone that can supply a small amount of saffron plants ? We are over the mountains Garden route side. Greetings
I think haskap/honeyberry could be an upcoming star. More nutritious than gogi berries and they actually taste good. They look like giant blueberries but they are not fussy with the soil requirements
They’ve been brought into Australia finally. Just waiting for them to be released to the market ❤️
There’s a bunch of very profitable crops, many of which are difficult to grow. At least a few more could have made it to this list.
Vanilla is a prime example. Orchids are hard.
Vanilla is likely related to orchid.. the flowers are nearly identical in structure,
@72marshflower15 Vanilla is an orchid yes.
The only way to make them competitive is to somehow import their natural pollinator bees from Mexico and make them acclimate to the new environment. Hand pollination is simply cost prohibitive unless you have cheap labor at hand.
While living in Southern Alberta, I bought a goji berry bush at an end of season sale. It produced even when it was still in the pot. A few years later, I had more berries than I could eat. Strangely, the birds in that area didn’t touch them, ever.