What is agribusiness?

Agribusiness encompasses the broad range of business activities associated with agriculture, which includes not only the production of agricultural goods but also their distribution and marketing. This definition highlights that agribusiness is not limited to farming practices alone; it also involves the entire supply chain that supports agriculture. This can include industries such as seed production, fertilizers, equipment manufacturing, processing, and sales of agricultural products to consumers.

By focusing on all these aspects, agribusiness plays a crucial role in the economy, influencing food systems and agricultural policies. The integration of production, distribution, and marketing is vital for the overall effectiveness and sustainability of the agricultural sector. It is this comprehensive approach that sets agribusiness apart from narrower concepts that focus solely on production or environmental practices.