What is
Agribusiness?
Agribusiness is a fairly new term that is as it sounds.
This term which signifies a “combination of agriculture and
business” has increasingly replaced traditional agriculture
and has a major presence in the world economy. Once
considered to be separate entities, agribusiness entails
all ends of food production from the cultivation of seeds
and crops to the methods of preserving and packaging a
branded product. The integration of core agricultural
bodies such as farms, fertilizer production, animal
husbandry, and crop plantations with finance, marketing,
and even research and development is at the foundation of
this major form of business.
The major corporations of Agribusiness have influence over
the entirety of production and distribution chains that
begin with the producer and end with the consumer. With the
money that gets fed into the more traditional methods and
sources of crop production, advanced research and
development of the caliber historically found in medicine
becomes possible. Many agribusinesses have revolutionized
farming techniques and manufactured specialized seeds to
drastically increase the average output of a lot of land. A
new way of considering the means and methods of food
production and distribution, Agribusinesses have tremendous
power in the world economy.