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Encyclopedia > Agribusiness

In agriculture, agribusiness is a generic term that refers to the various businesses involved in the food production chain, including farming, seed, agrichemicals, farm machinery, wholesaling, processing, distribution, and retail sales. Depending on its context, the term has two distinctly different connotations, one negative and one neutral.

Within the agricultural industry, agribusiness is widely used simply as the convenient contraction of agriculture and business, referring to the wide range of activities and disciplines encompassed by modern food production. There are university degrees in and departments of agribusiness, agribusiness trade groups, agribusiness publications, and so forth, worldwide. Here, the term is only descriptive.

In discussions of agriculture, particularly from a consumer perspective, agribusiness is often used as a negative term, synonymous with environment, on food quality, and on society in general.

To date, the two quite opposite usages appear to be coexisting, likely due in part to the fact that popular associations with the term are relatively neutral.

  Results from FactBites:
agribusiness - Hutchinson encyclopedia article about agribusiness (101 words)
Commercial farming on an industrial scale, often financed by companies whose main interests lie outside agriculture, for example multinational corporations.
Agribusiness farms are mechanized, large, highly structured, and reliant on chemicals.
Many farms now specialize in one particular crop, maximizing yields by extending field sizes and areas under cultivation.
ASU East: Morrison School of Agribusiness and Resource Management (2498 words)
Agribusiness is the business of food and fiber production and the technology necessary to change a raw material (a commodity) or an idea into a new product or business for the world’s consumers.
Agribusiness courses in the Morrison School are designed to prepare students for a wide range of job opportunities in agribusiness and business.
Agribusiness finance concentration graduates are expected to possess a broad knowledge of financial theory and practice as it pertains to the agribusiness sector.
  More results at FactBites »



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