What is Agribusiness?

Agriculture is often thought of as

cows, sows, and plows
weeds, seeds, and feeds
BUT agriculture has changed!

Agriculture now includes

Production
Agriscience
Agribusiness

There are so many agribusiness areas such

as distribution, finance, and marketing
That umbrella over many different facets
including
- feed - fertilizer
- Seed - chemical supply
- Farm machinery
-Food processing

Definition of Agribusiness
An industry engaged in the
production operation of a farm, the
manufacture and distribution of farm
equipment and supplies, and the
processing, storage, and distribution of
farm commodities
According to Merriam-Websters
Collegiate Dictionary

Farming is a Business
Farming has to consider the following
- Interests
- Taxes
- Repair & replacement of equipment
- Fertilizers
- Wages
- Fuel
- Electricity
- And many others

Agricultural Economics
includes

Community and rural development

Food safety and nutrition
International trade
Natural resources and environmental
economics
Production economics
Risk and uncertainty
Consumer behavior and household
economics
Analysis of markets and competition
Agribusiness economics and management