Hydroponic farming can be highly profitable. It produces high yields in small spaces year-round. The crops are very nutritious. Thanks to technology, hydroponics has potential economic viability and can supply food to cities.
Hydroponics grows plants without soil by using water with nutrients. These systems are flexible and suit different crops.
The most successful operations focus on a few popular, profitable crops. Demand has risen in these markets.
Mushrooms are very profitable hydroponically, selling for $8 per pound wholesale. After setup costs, profits must be compared to expenses like maintaining greenhouses and labor.
An acre of hydroponics can earn $200,000-$250,000 annually. Expenses are higher than soil farming, especially initially, but harvesting is year-round.
Global hydroponics market growth is predicted at 8.5 percent annually through 2027.
Hydroponics delivers nutrients in water instead of soil. To maximize profits, choose high-yield crops and control costs.
Lettuce has low operating costs at $20 per square foot. Basil also profits well hydroponically at $14 per pound.
What is the most profitable plant to grow hydroponically?
How much does it cost to start a hydroponic business?