Hydroponic Farm Start Up Cost on One Acre?
Hydroponic Farm Start Up Cost. When you want to start something new, you need both the courage and the money to make it happen. We’ll talk about the input today because we know you have the courage to do so, allowing you to start your commercial hydroponic farm without fear.
By 2025, the hydroponic market will be worth USD 16 billion due to rising organic food demand and an increase in global population. Starting a hydroponic farm now is recommended.
Land, the outer structure (polyhouse or greenhouse), the growing structure, the temperature control system, the water pumping system, and other items are all necessary when building a new hydroponic farm.
Hydroponic Farm Start Up Cost
These are the items that consume the majority of the capital.
Two choices are available. Either you purchase the land or lease it. If you already possess land, you are in a better position. In close proximity to the city, one acre of agricultural land can be rented for between Rs. 10000 and Rs. 15,000.
Make sure the land has access to water, electricity, and a road before making a final decision. This will allow for easier access to the market.
The hydroponic farm’s exterior provides a micro-ecosystem for the plants to thrive in as well as protection from outside weather disturbances.
There are primarily three types of outer structures:
- a naturally ventilated polyhouse (NVPH) building that uses sunlight to control interior temperature.
- A polyhouse (greenhouse) with temperature control, which regulates the internal environment with fans and cooling pads.
- A nethouse that only shields crops from insects and the sun.
If we extrapolate the price of a temperature-controlled polyhouse to an acre (1 acre = 4046 sq. mt), it will range from Rs. 56 lacs to Rs. 60 lacs, depending on the material used.
However, Nethouse is 600/sqmtr and NVPH starts at Rs. 900/sqmtr.
It will be less expensive to set up a hydroponic farm in a cold climate because there will be no need for a cooling system; instead, only a blower and heaters will be needed if the temperature is below zero degrees Celsius..
The type of plant you intend to grow in your hydroponic farm will determine the type of growing system you use.
In a hydroponic farm, primarily two types of plant species are grown:
- Brief plant species, like lettuce and basil.
- Tall plant species, like tomatoes and cucumbers.
Short plant varieties can be grown on a vertical or horizontal NFT (Nutrient Film Technique) structure. In a one-acre area, we also need room for tanks, electrical equipment, and a water filtration system.
You will need approximately 18,000 meters of NFT channel (5.15 m/sq.mt) if the growing system occupies an area of 3500 sq. mt (86 percent of the total area of the hydroponic farm). Good quality NFT channel costs between Rs. 170 and Rs. 190 per meter and is made of food-grade material. It will cost between Rs. 30 lakhs and Rs. 34 lakhs to build 18,000 meters.
We can comfortably grow between 90,000 and 95,000 lettuce plants here.
Dutch bucket systems or media-based grow bag systems may be needed if you intend to grow fruit or vegetable plants.
Depending on the type of system and plant variety, these systems cost between Rs. 2800 and Rs. 3300 per square meter.
Cooling pads, fan systems, temperature sensors, and water pumps make up the temperature control system. When the hydroponic farm is located in a region with a warm climate, this kind of temperature control system is necessary.
You don’t need to install such a system if you intend to build a hydroponic farm in a region with a cold climate; a blower will only be necessary if the outside temperature is too low.
The cooling system and water pump are where most of the money is spent. The hydroponic farm’s interior temperature is lowered by the water pump’s delivery of water to the cooling pads and the fans’ removal of outside air.
The hydroponic farm’s size affects the water pump’s horsepower. For a one-acre hydroponic farm, installing a temperature control system will cost between Rs. 9 lakh and Rs. 12 lakh.
Let’s add up everything we’ve talked about so far because there are so many things.
- Cost of a temperature-controlled polyhouse: Rs. 56 to Rs. 60 lakhs
- Cost of NVPH: Rs. 36 to Rs. 38 lakhs
- Growing Method:
- NFT system costs between Rs. 30 and Rs. 34 lakhs.
- System for controlling temperature:
- System cost: between Rs. 9 lakhs and Rs. 12 lakhs
- If you choose to install a fully automated system, the cost might be slightly higher.
Costs of additional equipment
The hydroponic farm will cost an additional Rs. 5 lakh to Rs. 8 lakh for equipment like a water treatment system, nutrient tanks, plumbing system, lighting, pumps, reservoir, air pump, temperature, EC, and pH monitors.
A hydroponic farm will ultimately cost between Rs. 110 and Rs. 150 lakhs to build on an acre of land, not including the cost of the land. The price (starting at INR 1.1 Cr and going up to INR 1.5 Cr) varies depending on the technology and automation used.
It is an estimated price and is subject to change based on your unique needs and preferences. After such a cost, a hydroponic farm’s profitability easily outweighs it.
Hydroponic Farming Setup Large-scale
Hydroponic Farming Setup. Urban areas will require more large-scale hydroponic farms as they become more populated each year. A cutting-edge farming technique called hydroponics will address current and upcoming issues in and around urban areas.
So that people can obtain their food in the city rather than from rural farming areas, owners of large-scale hydroponics farms can sell their products to nearby restaurants, businesses, and individuals. The fundamentals of how to set up a large-scale hydroponics farm will be covered in this article.
image of Hydroponic Farming Setup
1. Develop Your Business Concept
You want to start a hydroponic farm? Excellent. But to make sure your business venture is prepared for success, you must plan it out! Setup the initial and ongoing costs related to a hydroponic farm.
Who will be your intended market? Are you attempting to sell to individuals, local restaurants, or grocery stores? How do you intend to market your goods? en masse? What does your company go by? Does it support the principles and values of your business?
2. Choose a Location
You must choose a location for your large-scale hydroponics farm before beginning. Major cities are interested in the future of farming, so you might want to locate your company there or close by one. Your target markets will also influence where you locate your business.
3. Choose the crops you want to grow
One of the most important aspects of your hydroponics farm is selecting the crops you want to grow. Find out if there are any other hydroponics farms nearby and what they are selling.
Check to see if you can provide a product that will not only be simple to grow but also be in demand with your target audiences. Do you want to grow a variety of crops to appeal to different target markets, or are you planning to grow just one crop to reduce costs?
4. Choose a hydroponics growing system
Consider the area where your hydroponic farm will be located and decide which type of system will be most effective given the location and the crop.
An NFT setup is sufficient if you’re growing lettuce or spinach because these plants grow quickly and are easy to harvest. Vertical hydroponic growing systems are best for larger crops like fruits or tomatoes. Examine the costs of various hydroponics growing systems based on the components, crops, setting, and location.
You should now choose the light source that will be used to grow your plants. Lighting expenses can be high, particularly when powering extensive hydroponic farms. Lighting, which includes HPS, HID, and LED bulbs, is crucial to hydroponic farming. You must carefully weigh the advantages and disadvantages of each lighting option to choose the one that best meets your requirements.
The future of farming lies in hydroponic farms. Join our Facebook microgreens group and subscribe to Nick Greens’ YouTube channel to learn more about hydroponics and farming. We are eager to support you in achieving your objectives!
FAQ Hydroponic Farm Start Up Cost
Is hydroponic farming profitable?
Hydroponic farming systems generate an average income of $21.15 per square foot. Vertical farming systems earn an average of $41.16 per square foot, but that amount can range from $2.13 to $100. Only 27% of indoor vertical farms are profitable. Meanwhile, half of all container farms are profitable.
How much does it cost to start hydroponics?
Depending on the size and features, a hydroponic system costs as little as $50 or as much as a few thousand dollars. Small, uncomplicated systems typically run between $50 and $500. Medium system at least a few hundred dollars. A large system costs several thousand dollars or more.
How to start a small hydroponic farm?
Start a hydroponic farming business by following these 10 steps: Plan Your Hydroponic Farming Business. Turn Your Hydroponic Farming Business into a Legal Entity. Register Your Hydroponic Farming Business for Taxes. Open a Business Bank Account & Credit Card. Prepare Accounting for Your Hydroponic Farming Business. More items… • 8 Oct 2022
Is growing hydroponics expensive?
Hydroponics can be an expensive hobby. There are many different types of hydroponic systems (we’ll get to that later), but a high-end system can cost just over $500. Fortunately, there are more affordable DIY options. In traditional gardening, the soil stores nutrients that the plants can access on their own.
How much land area is needed for hydroponics?
Prerequisites for a hydroponic system: A 10X10 foot space on a balcony or roof. The initial investment is around Rs 10,000 for this space. A wide variety of vegetables you want to grow.
Do hydroponic gardens use a lot of electricity?
Pumps and other machines used in hydroponic gardening consume relatively little electricity when compared to the cost of lighting. However, even the least used devices will add to the electricity bill. In the end, consumers inherit the high electricity costs of hydroponic gardening.
Is hydroponics a good investment?
Hydroponics is financially viable as studies of medium scale systems show payback times of 2 to 4 years. Hydroponics, despite the higher initial investment, is more efficient than traditional cultivation because 1) requires less water 2) provides better use of fertilizers.
Is hydroponic farming cheap?
Very high setup costs With a complex hydroponic setup structure, the initial costs are very high. This is the main reason why most people hesitate to own a hydroponic farm. People believe that at a lower cost than hydroponic farming setups, they can build other farming businesses easily.
Is hydroponics a good business?
Hydroponics is profitable: Even a small space can generate good income. Julius with a tray of harvested lettuce. In agribusiness, you don’t always need acres of growing land to generate a good income. Some people can make a decent profit from even a small area. 28 Jan 2020
How much can we earn from hydroponics?
Earning Up To 3 Crores Per Year from Soilless Farming: A Success Story of a Hydroponic Farmer in India. Hydroponics is the subset of hydroculture that includes the use of solutions of mineral fertilizers in water solvents to grow plants, especially plants, without soil. 3 Apr 2022
What is the future of hydroponic farming?
Today, the Hydroponics market is growing and contributing to shaping the future of the agricultural industry. According to the World Economic Forum, the global population is expected to reach nearly 10 billion by 2050 and then the need for food will be 60% higher than it is today.
Should I start hydroponic farming?
“The question that often arises is why should we choose hydroponics over organic gardening. The answer is quite simple. Hydroponics requires 90 percent less water than soil-based organic farming, and because the micronutrients are delivered directly to the plants, you will also get better yields,” explains Rahul.
What vegetables are the most profitable to grow hydroponically?
What are the 9 Most Profitable Plants for Growing Basil Hydroponics. Basil is one of India’s most beloved spices – it has a wonderful aroma and adds the perfect flavor to any dish. Coriander. Lettuce. Spinach. peppers. Spring onion. Mint leaves. Cucumber.
What are the disadvantages of hydroponics?
5 Disadvantages of Hydroponics Expensive to set up. Compared to traditional gardens, hydroponic systems are more expensive to acquire and build. Vulnerable to power outages. Requires constant monitoring and maintenance. Waterborne diseases. Problems affect