Topics: Food, Food industry, Agricultural economics Pages: 6 (2048 words) Published: November 28, 2013
Agribusiness is a term which is broadly used in the context of businesses involving food production including farming and contract farming, seed supply, agrichemicals, farm machinery, wholesale and distribution, processing, marketing and retail sales. Importance of Agribusiness

Agribusiness are basically involved in certain kind of activities which are directly or indirectly serves the industrial sector of a country and their efforts leads towards those processes which ultimately helpful in reducing imbalance between supply and demand of the world’s country’s food shortage problems. It is also helpful in making economy of any nation stronger and self dependent by inducing working activities in varied fields of agriculture like Food Crops, Seeds, Farm Machines & Equipments etc. Corporate Farming is also a part of agribusiness in which agriculture can act like an industry of any nation and can produce various food crops, seeds or farm machines and equipments etc for the other nations and hence it will in return generate revenue for the host country. In this way any business which is related directly or indirectly with the agriculture inputs are known as agribusiness and with reference to any kind of business, this business is capable enough to generate lot of resources and revenues for any nation. Agriculture sector alone contributes towards 23 percent of India’s gross national product (GNP). It sustain the livelihood of nearly of nearly 70% of the population of India. HORTICULTURE

India is enriched with a wide variety of Agro-climatic condition and that’s why able to grow several horticultural crops which are grown all over the world. In the past few years, horticulture sector has proved to be an engine of growth in agriculture for improving the productivity per unit area as a source of employment generation, improving the economic conditions of farmers and entrepreneurs and thereby enhancing exports. At present, India ranks as the second largest producer of fruits (10 percent) and vegetables (15 percent) after China. It has emerged as the largest producer of fruits like banana, mango, papaya, sapota and acid lime and vegetables like: Cauliflower, peas, cucurbits, plantation crops like coconut, cashew (48%) and tea (33%) India is also the largest producer of ginger, turmeric and black pepper as consumer and exporters of spices. Besides, India has also being recognized as treasure house of several medicinal and aromatic plants (MAPs) Oilseeds

Oilseeds as commodity derived from specific plant species or crops that have specific agro ecological requirements and potentiality. Its production and availability are very sensitive issues and the sector’s performance is keenly watched by the nation. As Statistics shows during 2009-10, India imported almost 8 million tones of vegetables oils which is almost 45 percent of the country’s needs and it costs around Rs.25000 crores. High income and price elasticity of demand has increased the consumption around 14.5 kg per capita per year which is 100 percent more than that consumed in early 1990s. From the above data we can simply calculate out how much money get lost in the process of import of goods which might be used for some other constructive works like creating and maintaining infrastructure, generating employment , feeding the poor as well as small farmer families. Floriculture

Floriculture is the branch of Agriculture which has involvement with the growing and marketing of ornamental plants and flowers for interior and exterior bio-aesthetics. Floral bouquets and garlands with cut and loose flowers make value added products. Basically two types of flowers are used in the temples, shrines and parties and similar types of other occasions. Most of the first preference comes for the loose flower and other one are cut flowers. And in India, Floriculture is being viewed as a high growth industry Commercial floriculture has gained importance over the years as it is...

References: 1) Hegde D.M., “Need to develop varieties resistant to drought”, The Hindu 2011, Survey of Indian Agriculture 2010, Pg 34-36.
2) Singh K. Sanjay, “More Resources Allocation for Research Necessary”, The Hindu 2011, Survey of Indian Agriculture 2010, Pg 40-43.
3) Soundararajan. B, “From a minor enterprise to a formidable agribusiness”, The Hindu 2011, Survey of Indian Agriculture 2010, Pg 59-60.
4) Patil R.T., “Need for increased share in global trade”, The Hindu 2011, Survey of Indian Agriculture 2010, Pg 69-70.
5) RamaKrishna Y.S., “Management skills needed for cropping patterns”, The Hindu 2011, Survey of Indian Agriculture 2010, Pg 85-89
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