Top 10 Legal High Profit Crops for you to become a MILLIONAIRE

Summary

This video script explores the top 10 most profitable crops for farming, emphasizing legal options globally. It details long-term investments like ginseng to high-yield options like microgreens, highlighting factors like market demand, ease of cultivation, and potential income. From superfoods like goji berries to niche markets like wasabi, the script offers insights into various crops' profitability, urging viewers to consider their land's suitability and market needs.

Takeaways

• 🌱 Growing crops that are legal worldwide is the focus of the video, with profitability depending on factors like climate, soil, market, and time input.
• 💰 The most revenue-generating crops are mentioned towards the end of the video, indicating a ranking system based on profitability per acre per year.
• 🏆 Ginseng is highlighted as a long-term investment with high potential returns, but it requires 3 to 12 years to mature and is labor-intensive.
• 🍇 Goji berries are noted for their high nutritional value and potential health benefits, making them a superfood with a high market demand.
• 💐 Lavender is a versatile crop with multiple uses, from fresh or dried flowers to essential oils, and has a relatively low cost of entry.
• 🎍 Bamboo is a non-edible cash crop that grows quickly and is in high demand for decorative and landscaping purposes.
• 🌿 Chives are perennial plants that are easy to grow and maintain, with a high demand in local and international markets.
• 🌶 Wasabi is a high-priced crop due to its difficulty to cultivate and the short time frame it retains its flavor after being prepared.
• 🌼 Saffron is one of the most expensive spices in the world, requiring a labor-intensive harvesting process from a large number of flowers.
• 🧄 Gourmet garlic is more profitable than regular garlic, with a higher market price and a substantial yield per acre.
• 🍄 Mushrooms, especially oyster mushrooms, offer a high yield in a short period and can be grown vertically to maximize space utilization.
• 🌿 Microgreens are the most profitable crop per unit area, with a quick growth cycle and a high sales price, making them ideal for small-scale farming.

Q & A

What crops were humorously suggested as profitable but are not considered due to their illegality?

Marijuana and opium were humorously mentioned as potentially profitable crops, but they are not considered because they are illegal worldwide.

What factors should be considered when deciding which crops to grow on a farm?

Factors to consider include climate, soil, space, market demand, and the amount of time and labor input required for the crops.

Why is ginseng considered a long-term investment for farmers?

Ginseng is a long-term investment because it takes about 3 to 12 years before the wild ginseng root is ready to be harvested.

What is the approximate selling price for good quality 8-10 year old wild simulated ginseng per dry pound?

Good quality 8-10 year old wild simulated ginseng is sold for upwards of $800 per dry pound.

How much can an acre of ginseng yield in terms of fresh weight and what is its potential value?

A good wild simulated yield of ginseng could be as much as 300 pounds fresh weight per acre, which can be worth up to $60,000 in eight years, and potentially up to $200,000 if roots, seeds, and rootlets are also considered.

Why are goji berries considered a superfood and what is their potential yield per acre?

Goji berries are considered a superfood due to their high nutritional content, including antioxidants, and potential anti-aging and anti-cancer benefits. They can yield up to 7,000 pounds per acre.

What is the estimated annual revenue from cultivating lavender per acre over a three-year harvesting period?

Over a three-year harvesting period, lavender can yield approximately $72,000 to $156,000 per acre, with an annual revenue of roughly $24,000 to $52,000.

Why is bamboo a profitable non-edible crop to grow and what is its market demand like?

Bamboo is profitable because it is one of the fastest-growing woody plants and can be used for decoration, hedges, or privacy screens. There is a high market demand, with homeowners and landscapers willing to pay over $150 for a potted bamboo plant.

How does the profitability of chives compare to other crops and what is their wholesale price range?

Chives are one of the most profitable crops due to their perennial nature and low maintenance. They wholesale for $4 to $8 per pound, with an acre yielding about 16,000 pounds, worth $64,000 to $128,000.

Why is wasabi considered one of the hardest crops to grow and what is its potential annual revenue per acre?

Wasabi is hard to grow because it prefers freshwater streams and is susceptible to disease in greenhouses. A good wasabi farm can earn $120,000 per acre per year.

What makes saffron one of the most expensive spices and what is the approximate yield and revenue from one acre of saffron?

Saffron is expensive because it takes approximately 75,000 flowers to produce one pound of dried saffron. One acre of saffron can yield about three pounds, worth $15,000 to $30,000 in two months, yielding roughly $90,000 to $180,000 per year.

How does the selling price of gourmet garlic compare to ordinary garlic and what is the potential yield per acre?

Gourmet garlic sells for much more than ordinary garlic, with prices up to $16 per pound compared to $1 to $3 per pound for ordinary garlic. The average yield is 10,000 to 12,000 pounds per acre, making it worth between $160,000 to $192,000.

Why are mushrooms, particularly oyster mushrooms, considered highly profitable and what is their growth time?

Mushrooms are highly profitable due to their quick growth time and high yield per square foot. Oyster mushrooms, for example, take only five to six weeks to grow and can fetch around $10 per pound.

What is the potential annual income from a 1,000 square feet indoor farm area dedicated to microgreens?

A 1,000 square feet indoor farm area dedicated to microgreens can generate an income of $300,000 per month, totaling $3,600,000 per year.

What are the challenges and considerations for growing microgreens compared to other crops?

Growing microgreens requires a controlled environment with proper lighting and shelf setup. They have a short shelf life and need to be sold fresh, which can be challenging in terms of storage and transportation.