Agribusiness: Agribusiness is the business sector encompassing farming and farming-related commercial activities. The business involves all the steps required to send an agricultural good to market: production, processing and distribution. It is an important component of the economy in countries with arable land, since agricultural products can be exported.
- Agribusiness is a combination of the words "agriculture" and "business" and refers to any business related to agricultural production.
- Companies in this industry encompass all aspects of food production.
- Climate change has placed intensifying pressure on many companies in the agribusiness industry.
Agribusiness is a broad industry, it incorporates a wide range of different companies and operations. Agribusinesses include small family farms and food producers up to multinational conglomerates involved in the production of food on a national scale. Some examples of agribusinesses include farm machinery producers like Deere & Company (DE), seed and agrichemical manufacturers like Monsanto, food processing companies like Archer Daniels Midland Company (ADM), as well as farmer's cooperatives, agritourism companies, and makers of biofuels, animal feeds and other related products.
Branches of Agribusiness: There are three major components to agribusiness: production and distribution of farm inputs, actual crop or animal production, and the processing and distribution of farm produce.