Editing Agribusiness (section)

{{Short description|Term used in agriculture and business}}
{{Distinguish|Corporate farming}}

'''Agribusiness''' is the [[Industry (economics)|industry]], [[Business|enterprises]], and the field of study<ref name=":4"/> of [[Agribusiness value chain|value chains]] in [[agriculture]]<ref name="Ng&Siebert">{{cite journal |last1=Ng |first1=Desmond |last2=Siebert |first2=John W. |year=2009 |title=Toward Better Defining the Field of Agribusiness Management |url=http://ageconsearch.umn.edu/bitstream/92566/2/20091014_Formatted.pdf |journal=International Food and Agribusiness Management Review|volume=12|issue=4}}</ref> and in the [[Bioeconomy|bio-economy]],<ref>{{Cite journal|last=Adamowicz|first=Mieczysław|date=2020|title=Bioeconomy As a Concept for The Development of Agriculture and Agribusiness|journal=Problems of Agricultural Economics|volume=365|pages=135–155|doi=10.30858/zer/131842|s2cid=234433508|url=https://depot.ceon.pl/handle/123456789/19826|language=en|issn=0044-1600|doi-access=free}}</ref>
in which case it is also called '''bio-business'''<ref>{{Cite journal|date=2016-06-01|title=How big is the bio-business? Notes on measuring the size of the Dutch bio-economy|journal=NJAS: Wageningen Journal of Life Sciences|language=en|volume=77|pages=5–8|doi=10.1016/j.njas.2016.03.004|issn=1573-5214|last1=Heijman|first1=Wim|s2cid=156714858|doi-access=free}}</ref><ref>{{Cite web|title=Curriculum{{!}}TOKYO UNIVERSITY OF AGRICULTURE|url=https://www.nodai.ac.jp/english/undergraduate/int/biob/curriculum/|access-date=2021-05-02|website=www.nodai.ac.jp}}</ref> or '''bio-enterprise'''. 
The primary goal of agribusiness is to [[Profit maximization|maximize profit]] while satisfying the needs of consumers for products related to [[Renewable resource|natural resources]]. Agribusinesses comprise [[farm]]s, [[Food security|food]] and [[fiber]] processing, [[forestry]], [[Fishery|fisheries]], [[biotechnology]] and [[biofuel]] enterprises and their input suppliers.

Studies of business growth and performance in farming have found that successful agricultural businesses are cost-efficient internally and operate in favourable economic, political, and physical-[[Organic farming|organic]] environments. They are able to expand and make profits, improve the productivity of [[land (economics)|land]], [[Work (human activity)|labor]], and [[capital (economics)|capital]], and keep their costs down to ensure market price competitiveness.<ref>"Agricultural businesses: Key influences on growth and performance", in ''Agricultural Businesses: Their Growth & Performance'', ISR/Google Books, 2022. ISBN 9780906321782</ref>

Agribusiness is not limited to farming. It encompasses a broader [[spectrum]] through the agribusiness system which includes input supplies, [[Value-adding service|value-addition]], [[marketing]], [[entrepreneurship]], [[Microfinance|microfinancing]], and [[agricultural extension]].

In some countries like the [[Agriculture in the Philippines|Philippines]], creation and management of agribusiness enterprises require consultation with [[Agriculturist|registered agriculturists]] above a certain level of operations, [[capitalization]], land area, or number of animals in the farm.