7 Most Profitable Small Farm Ideas In 2024

Tree Nursery

A tree nursery may be a terrific investment if done correctly. Most growers begin with 10-20 seedlings on a tiny plot and, with the correct marketing approach, sell out the infant trees before they reach maturity.

Dual Crop Farming

Dual crop farming, often known as multiple cropping, can be mixed or intercropped. Mixed cropping is the practice of growing two or more types of crops in the same area, whereas intercropping involves growing various crops in close proximity. 

Goat Farming

Goats are adaptable livestock. As more individuals seek alternatives to cow's milk for newborn meals, allergies, and nutrition, goat milk products are predicted to rise 4.7% from 2023 to 2030.

Alpaca Farming

Five alpacas may be raised on one acre, making alpaca ranching easier than cattle or horse ranching. They excel in yearly fleece shearing. Raw fleece costs $3 per ounce, so use it as a farm supplement.

Herb Gardening

Profitable Plants says, “Just one small backyard growing bed with 100 square feet of growing space will hold 400 potted herb plants with an estimated retail value of over $2,400.”

Bee Farming

Beekeeping is a popular pastime with modest startup costs. Beekeeping for Newbies estimates that a single hive, safety clothing, and basic tools cost $760 the first year.

Aquaponics

Aquaponics mixes aquaculture (growing aquatic animals) with hydroponic farming. This means farmers use less water and land to grow crops.