Introduction of agribusiness

What is Agribusiness?

An industry or agri related company envolved in the carrying operations of a farm, the manufacture and distribution of farm equipment and supplies, and the processing, storage, and distribution of farm commodities.

Or

The part of the economy devoted to the production, processing, and distribution of food, including the financial institutions that fund these activities.

agribusiness is the business of agricultural production. The period was coined in 1957 by Goldberg and Davis. It includes agrichemicals, agriculture, breeding, commercial eggs production,crop production (farming and contract farming), distribution, farm machinery, processing, and seed supply, as well as marketing and retail sales. All agents of the food and fiber value chain and those institutions that influence it are the section of the agribusiness system.

agriculture, Production
agriculture, Production

Within the agriculture industry or any agriculture company, “agribusiness” is used simply as a bag of agriculture and business, referring to the range of activities and disciplines encompassed by modern food production. There are academic degrees in and departments of agribusiness, animal husbandry,  agribusiness trade associations, agribusiness publications, and so forth, worldwide.

In the context of agribusiness management in academia, each individual material of agriculture production and distribution may be described as agribusinesses. However, the term “agribusiness” most often emphasizes the “interdependence” of these various sectors (includes agrichemicals, agriculture, breeding, commercial eggs production,crop production (farming and contract farming), distribution, farm machinery, processing, and seed supply) within the production chain.

Among critics of large-scale, industrialized, vertically integrated food production, the term agriculture is used negatively, synonymous with corporate farming. As such, it is often contrasted with smaller family-owned farms or industrial farms.

Agribusinesses have to include poultry farming, fish farming, goat farming, dairy farming, seed culture, pig farming and others culture.

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