During 2020, people around the world turned to gardening as a relaxing and enjoyable hobby that also helped to ease concerns over food security.
While growing some food for yourself to eat can be fun and fulfilling, there are also ways you can turn a profit with your green thumb.
What if you could make some extra cash with your garden or growing skills? What are the best plants to grow to make extra income?
Let's take a look at eight of the best types of plants that can help you turn a profit.
Are you looking for plants to grow that can help you produce extra income in the first year? Then you might want to consider growing flowers.
While some of the other plants on this list will take years to mature and become profitable, flowers are a high-value specialty crop that you can start selling your first season.
There are practically an infinite number of possibilities when it comes to selling flowers. You could sell cut flowers, dried flowers, and so much more. If you have a limited plant growing budget, this can be a great place to start.
Is all this talk about growing flowers making you wonder if you can grow cannabis in your country? Check out this article to learn where you can legally grow cannabis in Europe.
Another type of plant you can grow to turn a profit is lavender. If you love gardening and herbs, this is a great opportunity to make some extra income. You can both sell the plants themselves as well as value added products such as:
- Aromatherapy products
- Lavender buds
- Lavender bundles
- Sachets and herbal pillows
- Skincare products
One of the great things about growing lavender for profit is that these plans will continue to produce hundreds of blooms every year once you have planted them for about 15 years.
Microgreens have become increasingly popular in the last several years. Growing micro greens is an appealing site business because they are quick to grow and ready to sell and just about two weeks. You can also grow them both outdoors and indoors, so they are perfect for farmers with limited space.
You can commonly fetch $20-$30 a pound for microgreens, meaning that you can make a respectable income from a very small amount of space. You can even grow them on vertical indoor shelving to maximize efficiency.
Another profitable venture when it comes to growing different plant species is growing herbs. You can choose from some of the most popular medicinal and culinary herbs in order to start a side business.
Some of the most popular culinary herbs include:
Some of the most popular medicinal herbs include:
- St. John's wort
- Milk thistle
You also might consider making value-added products with herbs. Value-added products can be great because you can make quite a bit more for these products than you would selling the herbs on their own.
While mushrooms are not technically really plants, it would be a disservice to not mention them on a list of crops you can grow for some extra cash.
This can be a particularly good choice for people who don't have much in the way of garden space. There are a number of species of exotic mushrooms like shiitake and oyster that can be grown without soil indoors. They can produce an impressive amount of food for a very small amount of space, with oyster mushrooms producing roughly 25 pounds per square foot of growing space in one year.
Another reason that mushrooms are a good product to grow as a side business is because they don't travel well. This means that local producers always have an edge over big producers that are far away. You might find that you can do a good business selling mushrooms at your local farmer's market.
Ginseng is a plant that has been used in traditional medicine for thousands of years. It also is used for culinary purposes in a number of Asian recipes and is often included in energy drinks and herbal teas.
If you are looking to turn a quick profit, this isn't the type of plant for you. This is because growing ginseng is more of a long term investment than a quick flip. After you plant ginseng, you won't be able to harvest mature ginseng roots for six years.
However, once you do produce mature roots, gingseng can fetch a pretty penny. Per acre of ginseng, you can make up to $200,000 over the six year period when you consider selling the roots, seeds, and rootlets.
If you have a forest in your backyard, this might be a good choice for you. On a small scale, you can start growing ginseng for little ot no cost.
7. Goji Berries
These antioxidant-rich and nutritious berries have become a health-food craze, and for good reason. For every acre you have, you can grow up to 7,000 pounds of goji berries. Planting this many goji plant cuttings will likely cost at least $10,000, but once they start producing they will do so for years to come.
8. Landscaping Trees and Shrubs
Lastly, if you have room to start a nursery, this can be a lucrative side project. This is another long-term investment project, where you are growing trees for several years before selling them.
You might consider specializing in hard-to-find or unique tree and shrub varieties to compete with your local established nurseries.
Plants to Grow For Profit: What Will You Grow Next?
There are so many different types of plants you can grow at home, but not all of them are a great investment if you're hoping to make a profit. This list of eight plants to grow for extra income is a great place to start if you're hoping to make growing plants your side-gig.
Don't have much in the way of yard space to start a garden? Never fear: Grobo is here!
This automated grow box makes growing plants a breeze. Using deep water culture, this is an easy way to produce whatever crop you desire. You can check out Grobo here!