What is Agribusiness?
(UNIDO, 2011)
Agribusiness is a broad concept that covers input suppliers, agro-processors, traders, exporters and retailers. Agribusiness provides inputs to farmers and connects them to consumers through the financing, handling, processing, storage, transportation, marketing and distribution of agro-industry products and can be decomposed further into four main groups:
- Agricultural input industry for increasing agricultural productivity, such as agricultural machinery, equipment and tools, fertilisers, pesticides, insecticides; irrigation systems and related equipment.
- Agro-industry: Food and beverages, tobacco products, leather and leather products, textile, footwear and garment, wood and wood products, rubber products, as well as construction industry products based on agricultural materials.
- Equipment for processing agricultural raw materials, including machinery, tools, storage facilities, cooling technology and spare parts.
- Various services, financing, marketing and distribution firms, including storage, transport, ICTs, packaging materials and design for better marketing and distribution.