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Introduction to Agribusiness

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Presentation on theme: "Introduction to Agribusiness"— Presentation transcript:

1 Introduction to Agribusiness

2 Agribusiness “The sum total of all business activities involved in the production processing and distribution of agricultural products for the consumer”

3 Agribusiness and Agricultural Economics
Agribusiness is the entire integrated “farm to fork” system. Agricultural economics is the study of the economic forces that affect agricultural profitability and predict outcomes based on economic principles.

4 Brief History of Agriculture
yrs ago - planting/harvesting 7000 BC - Fertile Crescent , storage 6000 BC - China, group fishing, soybeans 5000 BC - Persian Gulf, irrigation AD - pumps, rotation, exchange ’s - Seed stock, fertilizer 1900’s - USDA, education, finance Point: It’s always evolved and always a business

5 Agribusiness is Changing Rapidly
New players Increasingly complicated Loss of safety net Consumer changes

6 David Ricardo Theory of Competitive Advantage Each (nation) must specialize in the production of goods where it holds a competitive advantage thereby allowing it to trade more at lower prices, creating increased demand, more production, lower prices, increasing income to buy products produced by others more efficiently than by oneself.

7 Free Enterprise An economic system in which private business operates in competition and largely free of state control. Businesses sell similar products and services Because of this, businesses must provide courteous, friendly service to customers

8 Agribusiness Jobs Jobs in Agribusiness Farm appraiser
Agricultural policy analyst Farm manager Crop producer Grain and livestock buyer Market analyst Financer Quality controller Marketing head Agricultural accounting Livestock management Farming business Agricultural economics Agribusiness management Farm product marketing Agribusiness international marketing Agribusiness public policy Financial agricultural management


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