Published Jul 7, 2021
2 mins read
415 words
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General Reviews
Science
Agriculture

Agri-business Opportunity And The Rising Challenges

Published Jul 7, 2021
2 mins read
415 words

Agri business is a business that earns most or all of its revenue from agriculture.it combines the words agriculture and business and it involves a range of activities and methods used involving modern food production.this involves farming,seed supply, agrochemicals,farm machinery,wholesale and distribution of products, processing, marketing and retail sales etc,..

Is a concept was born in Harvard University in 1957 with the publication of a book"A concept of agribusiness"written by John Davis and A.  gold ber.it was introduced in philipines in early 1966,when the university of the Phillipines offered an agribusiness management program at the undergraduate level.in 1969 the first advance agribusiness management seminar was held in Manila.

THREE SECTORS:

Input sector:

  It deals with the supply of inputs required by the farmers for raising crops, livestock and other allied entreprise.

Farm sector:it aims at producing crops, livestock and other produces.

Processing sector:storage, processing and marketing the finished products so as to meet the dynamic needs of consumers.

Opportunity:

In the field of export,value addition,rural entrepreneurship etc,.

Quail farming 

Snail farming

Dried flower products

Tapioca 

Sugarcane molasses.

Fishery.

Value addition.

Tea farming.

Orchard.

Organic fertilizer shop.

Agri clinic and incubators.

Challenges of agribusiness sector.

Global competition:this sector is facing know the global competition.it is very difficult to agribusiness entreprises to run a business in the high competitive area withthe low profile.

Unorganised market:

It is very difficult to found the well organised market for agribusiness entreprises product.good market is the necessary for to have the appropriate price for the final product.problem of the marketing is considered one of the important threats for this industry.

Bad trade practises:

In order to maintain the sustainable development of any industry good trade practises are necessary.in case of agro based industry lack of good trade practises like quality of product,weight, package etc.are create the problem of the industry.

Price fluctuations:

Because of the price fluctuations it is very difficult to maintain the pricing strategy some time company may have losses,this losses agribusiness firms could not bare.

Political biasness:

This sector is having somehow political bias,interfering the major decisions of the company which is not good for the agro based Industry for acquiring the predetermined goal.

Hope you friends got some useful information on agribusiness.any one can start with low initial investment and can connect with nature.

Thanks for reading.

Have a good day bloggers ❣️

21
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banhisikha_12 7/7/21, 6:20 PM
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1
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1
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1
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1
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Informative
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