Currently, the practice of mushroom cultivation is on the rise and is becoming increasingly popular among a wide range of people from urban to rural areas. Farmers, in particular, are strongly inclined to shift from traditional agriculture to mushroom cultivation because of its potential to generate higher financial returns.
Get Rs 10 lakh subsidy on mushroom farming.
The Bihar government has provided a great opportunity for mushroom growers as part of the Integrated Vegetable Development Mission initiative. Under this scheme, the state government is providing 50% subsidy to the farmers engaged in mushroom production.
Talking about mushroom production in Bihar, it stands as the leading state in this agricultural endeavour. This golden opportunity holds significant benefits for mushroom growers within the state. To promote and increase mushroom production in Bihar, the state government is providing a subsidy of up to 10 lakhs through the Integrated Horticulture Development Mission programme. Moreover, the government is actively promoting integrated farming practices and composting.
If you are in Bihar with land suitable for mushroom cultivation, you can access government subsidies through the Integrated Horticulture Development Mission. For more details, visit the official website of the Department of Agriculture, Horticulture, and Animal Husbandry. You can also contact your district Assistant Director of Horticulture for guidance. The Bihar government is actively promoting mushroom cultivation through various subsidies and initiatives, urging farmers to take advantage of this opportunity to increase their income and boost the mushroom cultivation industry in the state. .
Mushroom demand and market
The global mushroom market is expected to grow at a CAGR of 10% from 2022 to 2030, reaching USD 50 billion by 2030. This growth is driven by factors such as mushroom’s growing popularity among vegetarians due to its nutrient-rich content. Natural umami flavor that can reduce salt intake, and their health benefits. Demand is rising despite production cuts in the US, the second largest producer. Challenges include limited shelf life of mushrooms. The most commonly cultivated types are button mushrooms, shiitake, and oyster mushrooms, with oyster mushrooms expected to have the highest revenue-based CAGR due to their appealing texture, flavor, and natural antibacterial properties. .
How much do farmers earn from mushroom farming business?
Mushroom farming can offer attractive returns. On an average, 1 kg of mushroom cultivation costs around Rs. 100-120. However, the market price of 1 kg of mushroom varies depending on the variety and location, ranging from Rs. 150-300 per kg. The amount of mushrooms produced per bag depends on the type of mushroom and cultivation method, usually between 500-800 grams per bag, and multiple harvests can be expected in a year.
With effective management and marketing, a farmer can earn an annual profit ranging from Rs.5000. 50,000 to Rs.1,00,000 per 1000 bags. These figures may vary depending on the type of mushroom and the materials used in production. If you start growing mushrooms on a plot of 100-500 square feet, your annual income can be in the range of Rs. 1 lakh to Rs 5 lakh, and the result depends on the equipment used.
First Published: 28 Sep 2023, 10:55 IST