For generations, corn and cattle have been the backbone of many family farms and ranchers across the United States. But as climate change, input costs, and market prices fluctuate, many growers are now rethinking their approach to agricultural production. One key strategy? Diversification through specialty crops.
Specialty crops can offer higher prices, better margins, and more sustainable practices. They can also help support soil health, attract pollinators, and open new doors in local food systems like CSA programs and farmers markets. Whether you’re running a small farm, a small business, or looking to add a different crop to your on-farm mix, these high-value options are worth a second look.
Let’s explore seven specialty crops that can help boost farm income, along with how FarmRaise can help you plan, apply for funding, and thrive in this changing agricultural industry.
Lavender isn’t just a pretty plant—it’s a powerhouse when it comes to value-added products. You can sell dried bundles, essential oils, soaps, and even lavender-based snacks.
Lavender thrives in well-drained soil and sunny locations. It requires minimal water, which is helpful in dry areas facing natural resource shortages. Because it's a perennial, it cuts down on annual labor costs and farm equipment needs. Plus, it supports pollinators and is popular at farmers markets.
FarmRaise Tip: Use our Farm Funding Library to find USDA programs and grants for high-value crops like lavender. Our tool also helps track application deadlines so you never miss out.
Small-scale mushroom farming is gaining traction across the U.S., especially in urban and shaded rural settings. Mushrooms like oyster and shiitake grow in controlled environments, reducing dependency on weather fluctuations.
Because they’re grown indoors, mushrooms help reduce pesticide and herbicide use and are considered a sustainable choice. They also command higher prices at restaurants, CSAs, and specialty grocers.
In recent years, the USDA’s National Agricultural Statistics Service has reported a steady rise in mushroom production across the country.
Canola may not be the first crop that comes to mind, but it’s an excellent row crop alternative to soybeans. It’s gaining popularity in states like Nebraska, where crop rotation with canola has been shown to reduce pests and improve soil health.
It’s a source of high-value oil and feed, and the USDA offers crop insurance options for canola in many states. Canola is also a great fit for growers practicing sustainable agriculture.
FarmRaise tip: Use our USDA application assistance tools to check your eligibility for crop insurance or subsidies for new crop trials.
The rise of the craft beer movement has created a booming market for American-grown hops. While they do require trellises and initial investment, hops offer significant profit potential on just a few acres of land.
They grow best in regions with long summer days and cool nights—making the Midwest and Pacific Northwest ideal. But with the right infrastructure, even small farms in other areas can profit from this high-value crop.