- Crop Production
- Animal Production
- Forestry and Logging
- Fishing, Hunting and Trapping
- Support Activities for Agriculture and Forestry
Agricultural business, or “Agribusiness”, is a generic term referring to the businesses involved in food production including farming, seed supply, and agrichemicals. Related industries include manufacturing of farm machinery, wholesale and distribution, processing of food, marketing, and retail sales.
Agricultural business is large-scale, industrialized, and sometimes a vertically integrated food production network of organizations. While similar in some respects, agribusiness is distinctly different the traditional “family farm” in terms of scale and scope.
Biofuel and energy crops represent new business growth areas for agricultural business. Government restrictions and incentives remain a constant watch-point for this industry. Global trends, transportation costs, and equipment costs must be considered carefully for profitability. Conservation, especially related to water supply, may be an elevated business factor in certain regions of the world.
Emerging topics relevant to agribusiness include genetic engineering and renewable energy.