Do you want to start a commercial oilseed farming business? Find here a selected list of the most profitable oilseed cultivation business ideas for your ready reference.
oil seeds are commercially very important crops. Additionally, different types of oilseeds have a tremendous aspect on international trade. In addition, these are very much remunerative crops also. Small and marginal farmers can earn handsome money from different types of oilseed farming.
Generally, different types of oilseeds are the essential ingredients for producing varieties of vegetable oil and edible oil. These oils are used for cooking, beauty care, medicinal benefits, and for many other purposes worldwide.
Oilseeds are not highly perishable items. They have larger shelf life than other fruits and vegetables. However, this type of cultivation demands a sufficient area of land, irrigation, and agricultural inputs. Find here a list of 12 lucrative oilseed farming business ideas below.
List of 12 Most Profitable Oil Seed Farming Business Ideas
#1. Castor Seeds
Castor seeds are the main raw materials for making castor oil. Generally, castor oil is an essential item for beauty care purposes like haircare, skincare, and other health benefits. Castor oil has a little higher viscosity so it is a little stickier than other types of oil.
#2. Celery Seed
The celery plant is usually 30-60 cm high, erect with conspicuously jointed stems, bearing well-developed leaves on long expanded petioles. The rigid fruit is small, ovoid, 1 to 1.5mm long, 1 to 2mm in diameter, contains a small brown seed.
#3. Cotton Seed
Cottonseed is the seed of the cotton plant. Cottonseed oil is a popular cooking oil and salad dressing oil. In addition, it is an important ingredient in margarine production. After soy, corn, and canola, cottonseed is the highest-grown crop in the world.
#4. Flax Seed
The major flax-producing countries are Canada, the USA, and China. Flax prefers rich soil to grow. Generally, flax seeds come in two basic varieties, brown and yellow or golden. Flax seeds produce a vegetable oil known as flaxseed or linseed oil. Additionally, it is one of the oldest commercial oils.
Peanut cultivation is easy. Additionally, the crop ensures satisfactory revenue to the growers. However, you must have a moderate size of land for groundnut cultivation. Commercial groundnut farming is a profitable business.
#6. Mustard Seeds
Mustard seeds give quick returns to the farmers. In addition, this is an easy-to-grow crop. Mustard plants prefer full sun and cool weather. Additionally, this seed grows well in temperate regions. Mustard seed is one of the most popular oilseeds globally. Generally, mustard seeds take three to ten days to germinate. Some of the major mustard-producing countries are India, Canada, Nepal, Hungary, Great Britain, and the United States.
#7. Olive Oilseed
Olive is largely found in the Mediterranean region and some parts of Asia and Africa. Additionally, the olive has so many functions like cooking, alternative medicines, and is also good for the heart. Generally, the composition of olive oil varies with the cultivar, altitude, time of harvest, and extraction process. It consists mainly of oleic acid (up to 83%), with smaller amounts of other fatty acids including linoleic acid and palmitic acid.
Rapeseeds are the major ingredients for making rapeseed oil. Generally, this oil is used for human consumption, animal consumption, and as biodiesel. Rapeseed oil generally contains a high level of erucic acid. The worldwide production of this seed is increasing very fast.
Safflower is an annual, broadleaf oilseed crop. The oil in linoleic safflower contains nearly 75% linoleic acid. And it is considerably higher than corn, soybean, cottonseed, peanut, or olive oils. This type of safflower is used primarily for edible oil products such as salad oils and soft margarine.
Sesame is a flowering plant. It is one of the oldest oilseed crops known, domesticated well over 3000 years ago. Additionally, sesame has one of the highest oil contents of any seed. The high-yielding crops thrive best on well-drained, fertile soils of medium texture and neutral pH.
#11. Soybean Oil Seed
Soybean oil is one of the most popular edible or cooking oils globally. Additionally, this crop ensures a good margin for the growers. Soybean grows well in the rainy season and moister climate. A temperature of 22 to 32°C is the best for the plant. Additionally, the crop gives a quick return. You can harvest after 70 to 80 days.
Also Read: Most Profitable Cash Crops to Grow
Most sunflowers are remarkably tough and easy to grow as long as the soil is not waterlogged. Most are heat- and drought-tolerant. Sunflowers grow best in locations with the direct sun (6 to 8 hours per day); they prefer long, hot summers to flower well.
To harvest sunflower seeds, keep an eye out for ripeness. The back of the flower head will turn from green to yellow and the bracts will begin to dry and turn brown; this happens about 30 to 45 days after bloom and seed moisture is about 35%. Generally, when the head turns brown on the back, seeds are usually ready for harvest.
Oilseeds are highly lucrative crops. Apart from this list, there are also several oilseeds you can consider for growing. We hope, this list of the most profitable oilseed farming business ideas will help you in making an informed decision.
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