agribusiness
Sign in to saveAlso known as big ag
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources. Agribusinesses comprise farms, food and fiber processing, forestry, fisheries, biotechnology and biofuel enterprises and their input suppliers.
Wikidata facts
- Image
- Meat industry Fortepan 76121.jpg
Show 1 more fact
- Commons category
- Agribusiness
via Wikidata · CC0
~8 min read
Article
27 sectionsContents
- Evolution of the agribusiness concept
- Agribusiness system
- Inputs sector
- Agricultural supplies (1)
- Agricultural labor (2)
- Irrigation (3)
- Seeds (4)
- Fertilizers (5)
- Production sector
- Farming
- Farm mechanization
- Processing sector
- Primary processing
- Secondary processing
- Marketing sector
- Farmers' market
- Support sector
- Education
- Cooperatives
- Governments
- Professionals
- Studies and reports
- See also
- References
- Citations
- Cited sources
- Further reading
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources. Agribusinesses comprise farms, food and fiber processing, forestry, fisheries, biotechnology and biofuel enterprises and their input suppliers.
Studies of business growth and performance in farming have found that successful agricultural businesses are cost-efficient internally and operate in favourable economic, political, and physical-organic environments. They are able to expand and make profits, improve the productivity of land, labor, and capital, and keep their costs down to ensure market price competitiveness.