Explain the concept of agribusiness.

Agriculture Around The World Questions



80 Short 80 Medium 48 Long Answer Questions Question Index

Explain the concept of agribusiness.

Agribusiness refers to the integration of various agricultural activities, such as farming, processing, distribution, and marketing, into a single business entity. It involves the commercialization and industrialization of agriculture, where large-scale production and profit-oriented practices are employed. Agribusiness encompasses not only the production of crops and livestock but also the supply of inputs, such as seeds, fertilizers, and machinery, as well as the processing, packaging, and distribution of agricultural products. It often involves the use of advanced technologies and management practices to maximize efficiency and productivity. Agribusiness plays a crucial role in meeting the growing global demand for food and other agricultural products.