Sunday, June 8, 2014

Dairy farming as a profitable Business

 Dairy farming is one of the largest farming sector in India.In India most of the people depends on Agriculture for their livelihood. Majority of our Agricultural farmers own at least one cattle.Whether they are making profit from it or not? Many are yet to calculate it.But directly or indirectly it adds value to their farm and help them.Dairy farming is still an unorganized business sector.Many farmers lacks proper knowledge and analysis.It will be better if we analyse what makes Dairy farming profitable.So here we are going to discuss the potential of dairy farming as a profitable business.

Sustainability

               Being a Traditional business it is sustainable.Dairy farming has a huge history of success.The products are well established in market and you no need to advertise it in market.

Acceptance

              As an ethical farming practice,Dairy farming is well accepted in society.This makes the running of business easy and the marketing more smoother.The benefit of Dairy Farming is beneficial for not only one person but also the entire community.So its acceptance is good among society.

Marketing

           As said already,marketing won't be a problem if you are in dairy farming business.The products are well accepted and is in huge demand.There is always exists good customers for quality Dairy products.

High Potential for development

        This business got great potential from production to distribution and from there to retail networking.By being in this field,we can grow to a large business network.

Huge support from Government Agencies

        For those who wishes to start Dairy farming as an entrepreneurship,the financial support is very high.Various Government Agencies (for eg: NABARD )are giving financial supports to those young entrepreneurs.As this sector creates more job opportunities,government is more supportive.This support will help new entrepreneurs to develop business with proper planning and infrastructure.This in turn reduce operational cost and increase profitability.

             There are huge Indirect benefits also.Anyway this analysis can give some insights about the Dairy farming and its potential.We will discuss more about Dairy farming in coming posts.

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