Agribusiness refers to the business of
farming, although the term is not often used in connection with actual farms. Instead,
the term agribusiness most commonly means an agricultural- related business
that supplies farm inputs, such as farm machinery and seed supply. The word
Agribusiness is also used to describe business that are involved in the
marketing of farm products, such as warehouses, wholesalers, processors,
retailers and more.
Agribusiness includes many aspects of
the economy, as well as agricultural producers, businesses that provide
supplies and services to the production producers, also business that add value
to agriculture products which is processors, and those that facilitate the
marketing of agriculture products. In principle of this, agribusiness consist
of all productions like food production, and consumers with marketing
activities. Which are basically the part of the three sector that comprise the
agribusiness concept which is Agricultural input sector, food production sector
and manufacturing and processing sector that deals with the produces that are small
shelf- life, therefore marketing place is an active part in moving the inputs,
products and by-products to the different sector and the consumers.
Agribusiness system concepts include the
productive piece of the land but also the people that provides input like
chemical and seeds, there are also the process of the output like grain, milk
and meat. While the manufacturing the food products also part of the agribusiness
like bread and breakfast cereals. The transport and sell of the food products
to consumers is also related to the agribusiness, for example of the transport
and sell is restaurant and supermarket transportation.
concept exactly include all the enterprises from around the agricultural product
that are very much consistent in such a way that one subsystem cannot be taken individually
from the other because the success of any agribusiness venture depends on how
well coordinated and balancing these are.