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AGRICULTURAL BUSINESSES

AGRICULTURAL BUSINESS

Definition: Agric-business is a business that earns most or all of its revenue from agriculture.

Agric-business tends to be a large scale business operation and may dabble farming, processing and manufacturing, and/or the packaging and distribution of farm products. It is basically the business of farming. Agric-business also entails the production, processing, supply of food, trading in farm equipment, machinery, agro-chemicals, suppliers, import and export of agricultural product.

meaning of economics
concept of economics and scale of preference

Characteristics of Agric-business

(i) Scale of operation: Agric-business is practice on a large scale.

(ii) It has both vertical and horizontal integration: A company might own a facility that processes frozen vegetables along with a controlling share in farms which may produce these vegetables and companies which provide personnel to harvest and transport them.

(iii) It is run as true business: Agric-business is run like a true business with administrators rather than farmers at the helm of companies in the agricultural business allow the business to keep food costs low. This is an important priority for many consumers and government.

CRITICISM OF AGRIC-BUSINESS

One major criticism of Agric-business is that it has been to successful, driving down price points and forcing small farms out of business as they cannot compete with big farms or firms.

  1. how copopulation

    market concept    

    money market

    raises funds for expansion

    WEED AND THEIR BOTANICAL NAMES
    1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
    2. DISEASES
    3. 52. SOIL MICRO-ORGANISMS
    4. ORGANIC MANURING
    5. FARM YARD MANURE
    6. HUMUGRAZING AND OVER GRAZING
    10. IRRIGATION AND DRAINAGES

    7. COMPOST
    8. CROP ROTATION
    9.
    11. IRRIGATION SYSTEMS
    12. ORGANIC MANURING
    13. FARM YARD MANURE
    14. HUMUS
    15. COMPOST
    16. CROP ROTATION

    IRRIGATION AND DRAINAGE
    19. IRRIGATION SYSTEMS
    20. INCUBATORS
    21. MILKING MACHINE
    22. SIMPLE FARM TOOLS
    23. AGRICULTURAL MECHANIZATION
    24. THE CONCEPT OF MECHANIZATION
    25. PROBLEMS OF MECHANIZATION

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