by J. B. Fagoyinbo
Agriculture is Highly Manually-Driven in Developing Economies
Agribusiness denotes the totality of business activities that are performed from farm to fork. It covers the supply of agricultural inputs, the production and transformation of agricultural products and their distribution to final consumers. Agribusiness is one of the main generators of employment and income worldwide.
Agribusiness is characterized by raw materials that are mostly perishable, variable in quality and not regularly available. The sector is subject to stringent regulatory controls on consumer safety, product quality and environmental protection. Traditional production and distribution methods are being replaced by more closely coordinated and better planned linkages between agribusiness firms, farmers, retailers and others in the supply chains.
Agribusiness needs to replace agricultural practices in developing countries to effectively combat poverty and malnourishment.
Read more UNDERSTANDING AGRIBUSINESS