If You’re Tired of the Same Old Crop…

Teresa Olson
By Teresa Olson September 6, 2017 11:38 Updated

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The preferred choice for farmers of Agricultural Tracks

valuable-crops

Have you ever wondered what it would be like to grow something other than corn or soybeans?  Well there are some pretty lucrative options if you’re willing to give it a try.  First, let’s do a little math…

The Department of Agriculture and Consumer Economics at the University of Illinois Urbana-Champaign provided some 2017 projections that I will use in this illustration:

corn-and-soybean-rev-per-lb

Next we’ll look at some options just in case you want to explore the possibilities:

  • Lavender – a common garden plant that has various commercial uses and requires minimal investment in time and equipment to produce.  As dried flower bouquets, a one-acre planting can produce about 12,000 bouquets per year which are worth about $10 (or more) each on the retail market.
  • Goji Berries – a close relative of tomatoes that grow on head-high shrubs.  They are disease-resistant and adapted to a wide range of soil and climatic conditions.  Dried berries regularly sell for $20 or more per pound, and the fresh fruit brings an even higher price at farmers’ markets.  Yields can result in up to 7,000 pounds per acre.
  • Bamboo – used for everything from flooring to fishing poles.  Each use comes with its own set of restrictions but it’s quite uncomplicated to grow bamboo for sale as nursery plants.  A large clump of bamboo in a 25-gallon tub can sell for $200-$300, and thousands of tubs can be harvested from a single acre of bamboo.
  • Willows – recognized by many as the stems you find in flower arrangements, but also what rustic garden furniture and the majority of baskets are made from.  While this crop is easy to grow and maintain, you’ll need about an acre of land to harvest 4-5 tons that will result in about $56,000 in revenue.
  • Gourmet Garlic – one of the most commonly used ingredients in the kitchen, gourmet garlics are higher quality in both taste and texture.  People are willing to pay higher prices for Rocambole, Purplestripe, Porcelain, and Elephant varieties.  This crop is one of the easiest to maintain and is highly resistant to different soil and weather conditions.  You can harvest up to 15,000 pounds in a single acre of land at an estimated price per pound of $8-$10.

Do the math.  Would you consider venturing out into unfamiliar territory?  Do you think there would be more risk in crops like these than you already experience with your standard crops?  Weigh in by commenting below.

-Terry Olson, Titan Outlet Store Team

References:

http://farmdocdaily.illinois.edu/2017/05/modest-income-levels-projected-grain-farms-2017.html

http://extension.missouri.edu/publications/DisplayPub.aspx?P=G4020

http://modernfarmer.com/2017/07/5-valuable-crops-can-grow-us-grow/

http://www.insidermonkey.com/blog/most-expensive-specialty-crops-in-the-world-338242/

Teresa Olson
By Teresa Olson September 6, 2017 11:38 Updated
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