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Agribusiness facts for kids

Kids Encyclopedia Facts
Not to be confused with Farm or Corporate farming.

Agribusiness is a big word for all the businesses that help get food and other products from farms to your table. It's not just about growing crops or raising animals. It includes everything from making seeds and tools for farmers to processing food, packaging it, and selling it in stores.

The main goal of agribusiness is to make a profit while making sure people get the products they need from natural resources. This can include food, clothing fibers, wood, and even fuels made from plants.

What Agribusiness Includes

Agribusiness is a wide field. It covers many different parts of getting products from nature to people.

  • Farms: These are where crops are grown and animals are raised.
  • Food and Fiber Processing: This means turning raw farm products into things we can use. For example, turning wheat into flour or cotton into fabric.
  • Forestry: Managing forests to produce wood and other forest products.
  • Fisheries: Catching or raising fish and other seafood.
  • Biotechnology: Using science to improve plants, animals, or create new products like biofuels.
  • Biofuel Companies: Businesses that make fuel from plants or animal waste.
  • Suppliers: Companies that provide farmers with things like seeds, fertilizers, machinery, and animal feed.

Why Agribusiness Matters

Successful agribusinesses work hard to be efficient. They try to keep their costs low. This helps them offer products at good prices in the market. They also aim to grow and make a profit. This helps them improve how much land, workers, and money they use.

Agribusiness is much more than just farming. It covers a wide range of activities.

  • Input Supplies: Providing everything farmers need to grow crops or raise animals.
  • Value-Addition: Making raw products more useful or valuable. For example, turning milk into cheese.
  • Marketing: Selling farm products to stores and consumers.
  • Entrepreneurship: Starting new businesses in the agriculture world.
  • Microfinancing: Giving small loans to farmers or small businesses in agriculture.
  • Agricultural Extension: Sharing new farming knowledge and techniques with farmers.

In some countries, like the Philippines, creating and managing large agribusinesses needs advice from special experts called registered agriculturists. This helps make sure the businesses are run well.

See also

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Agribusiness Facts for Kids. Kiddle Encyclopedia.