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Agribusiness, AEBC23DA-1D37-42E0-8358-CECE58A517C3, C6039F84-41F7-4CC5…
Agribusiness
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- production and operations
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- management of human resources
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-Agricultural products are naturally produced resources for human consumption or other uses. The products require a variety of sectors and industries to support the producers, which are central in this value chain.
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-Global prices of agricultural products may change rapidly, making production planning a complicated activity.
-Farmers may also face reduction in usable land as suburban and urban areas expand into their regions
DEFINITION:
-The business sector possessing farming and farming-related commercial activities.
-This sector involves several important procedures or steps needed for the process of production, processing and distribution in order to ensure the agricultural goods are sent to the market.
Use of a new technology:
-The use of drone to conduct soil and field analysis, planting and crop monitoring
Agribusiness led development on farming incomes and profits.
- Large agribusiness firms have the modern technologies, quality control methods, and access to markets that can raise rural incomes on a large scale and lift millions of low-income households out of poverty.
- Investing in agriculture also not only one of the most effective strategies to improve food security and promote sustainability, it is also essential to many countries’ economic development.
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