Agribusiness - Definition - Sector - opportunities

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• Agriculture is the science or
practice of farming, including
preparation of the soil for
growing crops and the rearing
of animals to provide food,
wool, and other products.

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• Business is an economic or
commercial activity.
• It is an organization or
economic system where
goods and services are
exchanged for one another or
for money.

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• Business that earns most or all of its
revenues from agriculture.
• This involves farming, seed supply,
agrichemicals, farm machinery,
wholesale and distribution of
products, processing, marketing, and
retail sales etc.

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• Concept was born - John David
and A. Gold Berg - Harvard
University (1957). Book “A
concept of Agri-business”.

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• 1966 – Agri-business Management
(ABM) programme (under-graduate
level) – University of the Philippines.
• 1969 – First Advanced Agribusiness
Management seminar, Manila.

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• Sum total of all operations involved
in the manufacture and distribution of
farm supplies, production activities
on the farm, storage, processing and
distribution of farm commodities and
items made from them.

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• Input sector : Supply of inputs –
Seeds, fertilizers, chemicals,
machinery and fuel.
• Farm sector/Production Sector :
Producing crops, livestock and other
products.
• Processing sector : Storage,
processing and marketing the finished
products

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The Agribusiness System
Agriculture
Input Sector
Production
Sector
Processing-
Manufactoring
Sector
Agribusiness System
Note: the success of each part depends upon the proper functioning
of the other two!

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