Agricultural Production Systems & Agribusiness

Agriculture plays a crucial role in the economy of a country and agricultural economics is concerned with the application of economic theory in optimizing the production, allocation, and distribution of food. It is also sometimes referred to as agronomics. Agricultural economist should allocate the resources in the agricultural industry with the substitute in production; marketing or public policy. Agribusiness is the business of agricultural production. It includes agrichemicals, breeding, crop circulation, farm machinery, processing, and seed accumulation, as well as marketing and retail sales. All agents of the food and fibre value chain and those institutions that influence it are part of the agribusiness system.

  • International Trade
  • Industrial Development
  • Organic Farms

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