Cash crops were introduced into agricultural communities for the only sole purpose of producing additional income. Now, there are several cash crops that have become high-yielding farmer’s favorites, such as rice, wheat, corn, soybeans, etc.
During the 17th century, those farmers who lived near the water were growing cash crops, but with the growing technology and transportation, cash crops spread across the states. These crops have given a new shape in the agricultural industry at present.
On the other hand, these crops are typically bought by parties separate from a farm. You can also grow cash crops at your own home to earn an extra source of income.
Top 7 Most Profitable Cash Crops of 2021
Cash crops are a staple in the agricultural economy. However, growing and selling these crops for profit can affect your local, national, and international economies. These are various types of crops that can be grown only in a specific season and time period.
Now, let’s not make you wait any further; here are the top 7 most profitable cash crops of 2021 that will help you to earn a large sum of profit.
The very first cash crop that may come to your mind is Mushroom. By growing this cash crop, you can earn a good profit in 2021. Besides, the best part about growing this crop is that you can slow down the spread and effect of cancer, heart disease, and HIV/AIDS.
On the other hand, not only you can sell fresh mushrooms but also dry and sell them. Local growers of mushrooms have a benefit over larger commercial operations. You can also grow oyster mushrooms that can generate up to twenty-five pounds per square foot.
Sugarcane is one of the highest yield crops and also the most profitable one. It earns good foreign exchange for the country and is thus known as a cash crop.
In the United States, Florida alone generates more than half of the entire sugarcane production and makes around $515 million. Thus, sugarcane is one of the most profitable cash crops in Florida, and it grows in black gold.
Another cash crop that can help you to earn extra income is Lavender. This is simply the most profitable cash crop that can add value to your income sources. Besides, other cash crops can become worthless if not sold at harvest time because they are known as seasonal cash crops.
You can also get several varieties from a total of thirty different species of lavender. The best part about this cash crop is that you can sell it in various forms, such as in lavender soaps, pet products, live plants, sachets, dried bouquets, fresh lavender bouquets, etc.
Wheat is a Rabi crop and the most important food in northern and north-western India. The best part about this cash crop is that farming is really easy than that of cereal crops. At the same time, wheat can be grown in various climatic conditions because it has high adaptability.
This cash crop lowers your risk of heart disease, risk of stroke, chronic inflammation, type 2 diabetes, and much more. Moreover, you can earn a good source of income from this cash crop because the demand for this cash crop is high.
The demand for this cash crop is growing at present. For organic growers, garlic is the best cash crop as it is self-protected and grows in small spaces such as in raised beds. On the other hand, this is one of the easiest cash crops to grow and earn a good amount of income.
Garlic can be sold at an average of $1.50 per pound and also needs minimal care, unlike other cash crops. However, keep in mind, the initial planting of garlic can be tough and but the profit that you will receive is truly unbelievable!
Bamboo is already getting popular day by day all over the world and has several uses such as fencing material, food, and fabric. The caretaker costs for a bamboo business are around $5,000 per acre, and thus, this can bring about $25,000 per acre.
Besides, the startup costs can be high for bamboo, but it delivers good investment returns to the farmers. At the same time, the caring cost of bamboo can be low, but profits can be large.
Rice is the other most profitable cash crop of 2021, and this is actually a Kharif crop. This cash crop grows in high rainfall areas as it requires a minimum of 100 cms of rainfall to grow properly.
Northeast plains and coastal areas are the primary rice-producing areas of the country that you can need to consider before choosing this cash crop to earn a profit.
If you are willing to establish your own business farm, then choosing the above-listed cash crops can be a suitable decision because they yield high profits. Besides, consider your budget first for the setup charges that you need to spend to earn good investment returns in 2021.