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Designed By:
Christian Alas
Created and illustrated By:
Angelo Romero and Camilo Sanabria
Agribusiness Challenges
Countries with farming industries face consistent pressures from global competition. Products such as wheat, corn, and soybeans tend to be similar in different locations, making them commodities. Remaining competitive requires agribusinesses to operate more efficiently, which can require investments in new technologies, new ways of fertilizing and watering crops, and new ways of connecting to the global market.
Global prices of agricultural products may change rapidly, making production planning a complicated activity. Farmers may also face a reduction in usable land as suburban and urban areas expand into their regions.
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Use of New Technology in Agribusiness
The use of new technology is vital to remain competitive in the global agribusiness sector. Farmers need to reduce crop costs and increase yield per square acre to remain competitive. New drone technology is at the cutting edge of the industry. These techniques, including soil and field analysis, planting, and crop monitoring, will be key to improving crop yields and moving the agribusiness sector forward. Key areas of concern for the use of drone technology remain the safety of drone operations, privacy issues, and insurance-coverage questions.
Agribusiness Examples
Because agribusiness is a broad industry, it incorporates a wide range of different companies and operations. Agribusinesses include small family farms and food producers up to multinational conglomerates involved in the production of food on a national scale. Some examples of agribusinesses include farm machinery producers such as Deere & Company, seed and agrichemical manufacturers such as Monsanto, food processing companies such as Archer Daniels Midland Company, as well as farmer’s cooperatives, agritourism companies, and makers of biofuels, animal feeds, and other related products.
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Agribusiness Management | Chapter 5: Record Keeping 
Agribusiness Management | Chapter 3: Farm Supply Management 
Agribusiness Management | Chapter 2: Decision Making and Strategic Management 
Agribusiness Management | Chapter 1: Introduction to Agribusiness 
C11 | Unit 10 | Set 2 | Arts and Culture 
C11 | Unit 10 | Set 1 | Arts and Culture 
C20 | Unit 10 | Set 1 | Future Planning and Goals 
C20 | Unit 10 | Set 2 | Future Planning and Goals 
C14 | Unit 10 | Set 2 | Global Challenges and Solutions