module 1 lesson 1 the agribusiness concept and dimensions.pptx

module 1
lesson 1 the agribusiness concept and dimensions

1. MODULE 1 LESSON 1 THE AGRIBUSINESS CONCEPT AND DIMENSIONS

2. CONCEPTS OF AGRI BUSINESS Agribusiness is a combination of the words “agriculture” and “business,” and it refers to commerce in farming and farming-related activities. Agribusiness covers the production, processing, and distribution of farm-based goods. Companies in the agribusiness industry comprise all aspects of food production.

3. IMPORTANCE OF AGRIBUSINESS Importance of Agribusiness. Agribusiness plays a crucial role in the world economy, as it is responsible for producing and distributing food, fibre, and other agricultural products to consumers worldwide. The industry employs millions of people worldwide, including farmers, processors, distributors, and marketers.

4. OBJECTIVES OF AGRIBUSINESS The purpose of agribusiness is to create and supply agricultural products for end-consumption. 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.