Chapter 1

Chapter 1 - What is Agribusiness Agribusiness as we know it...

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1 What is Agribusiness • Agribusiness as we know it today represents a vast complex system of businesses that not only supports the production sector of agriculture, but reaches well beyond the farm gate. • It includes all businesses that are involved in providing a wide range of food and fiber products for consumption. • AGRIBUSINESS includes any business whose activities affect the flow of food and fiber products from production to consumption.
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2 Product Flow in Global Agri-Food System Food Consumer Input Supplies Food Products Input Suppliers Farms and Ranches Commodity Processors Food Manufacturers Food Retailers Food Consumers Product Flow in the Global Agri-Food System
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3 U.S. Agribusiness Leading the World • Largest Agribusiness Sector in World • Largest Part of U.S. Economy • One of the Best Integrators of Technology • Biggest User of Biotechnology U.S. Agribusiness Leading the World • Safest Food • Lowest Cost Food • Largest Assortment of Food • 11,000+ new food products per year Grocery Stores Specialized Foodstores Commercial Establishments Restaurants Institutions Industrial Uses Public Policy Management Finance Advertising Insurance Legal Research Marketing Animal Products Fruits and Nuts Food and Feed Grains Hay and Forage Sugar Crops Vegetables Oil Crops Cotton Tobacco Forestry Products Labor Real Estate Mechanical Power Agricultural Chemicals Miscel aneous Assembling Grading Storage Processing Transportation Wholesaling Retailing Meat and Dairy Products Grain Mil Products Bakery Products Beverages Textile Mil Products Tobacco Products Lumber Products Regulation
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This note was uploaded on 11/03/2009 for the course AGEC 1003 taught by Professor Detre during the Fall '09 term at LSU.

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Chapter 1 - What is Agribusiness Agribusiness as we know it...

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