1. B. LOVA RAJU
RENAISSANCE OF AGRICULTURE
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Presented at: Amrita School of Business, Kochi

2. CONTENTS
INTRODUCTION
RESEARCH & DEVELOPMENT
INVESTMENTS
AGRIBUSINESSES
CONCLUSION
REFERENCE
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3. “The first lesson of economics is scarcity… The first lesson of politics
is to disregard the first lesson of economics”
-Thomas Sowell
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4. INTRODUCTION
 Agriculture is undergoing a huge transformation
 Agriculture connects strongly to the national
and global economy
 By 2050 world must feed 9 billion people
 Agriculture has become a big business
 Davis and Goldberg from Harvard Business
School (1957) considered as pioneers of
agribusiness
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5. Agribusiness is the sum of all operations involved in the manufacture
and distribution of agricultural materials; production operations on
the farm; and the storage, processing, marketing, transport and
distribution of consumer products
- Davis and Goldberg
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6. RESEARCH AND DEVELOPMENT
 New innovations and modern technologies are
prime movers
 Biotechnology-The Deadlock and the Way out
 Managing the “Ultimate Resource”
 Collaborative and Multi-Disciplinary Research
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7. As the driver of agricultural productivity, production and
profitability, agricultural research has strong correlation with
food and nutritional security, rural employment and income, and
environmental sustainability, and also the internal peace and security
of nations
-R&D
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8. INVESTMENTS
 Returns on investment in agricultural research are
consistently high.
 I.F.P.R.I analysis on 1000+ studies show returns of
44%-80% in investment
 World Bank’s World Development Report 2008 found,
average 43% return on agricultural R&D based on
700 published studies in developing world
 In 2008 global public spent $31.7 billion on
agricultural R&D
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9. A strong public research system at both national and international levels are
needed not only to provide technological support directly to the farming
community, but also to effectively compete with the powerful private R & D
system that is built primarily on profit-motive and control over the technological
outputs rather than reaching out to the poor farmers and ensuring social
welfare.
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10. Seed Fertilisers Pesticides
Machinery
&
Equipment
Water
Power /
Fuel
Feed Services
Production System
Crop
Products
Livestock
Products
Forestry
Products
Fishery
Products
Marketing / Trade / Consumption
Marketers Processors Imports
Retained On-Farm /
Rural
Food Use Non-Food Use Exports
An Overview of Agribusiness System 10

11. AGRIBUSINESSES
 Seeds
 Fertilisers
 Agro-Chemicals/ Pesticides
 Organics and Manures
 Farm Machinery and
Equipment Marketing
 Water/Irrigation Structures and
Equipment
 Animal Feeds
 Veterinary Products
 Agricultural
Research/Biotechnology
 Crop, Livestock, Fishery and
Forestry production
 Raw material Procurement
 Food and Agro Processing
 Food and Agro marketing
 Agricultural trade/Import and
Export Marketing
 Forest-based Industries
 Food Supply Chain
Management
 Inspection, Grading, Quality
certification/Control
 Agricultural Finance/ Banking
 Agricultural/ Rural
Development
 Agri Information
 Agri Consulting
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12. CONCLUSION
 Systematic problems require systematic solutions
 Private sector generating Path-Breaking
technologies
 Public sector research is stagnating and
degrading
 Teaching activities must be research oriented
 Must be long term vision
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13. REFERENCE
 INDIAN JOURNAL OF AGRICULTURAL ECONOMICS, Jan-Mar 2014, Agricultural Research
and Extension in India by R. Balasubramanian, Page 14-44.
 Images:https://www.google.co.in/imghp?hl=en&ei=5IS7U_26J8mUuATOyoKQAQ&ved=0C
AMQqi4oAg
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