Agribusiness Essays

Agribusiness Or Subsistence Farming?? Essay

The two main forms of agriculture are subsistence farming and agribusiness. Due to the lack of use of technology, subsistence farming requires intensive labour on the fields. Subsistence farmers are also unable to grow enough food for sale on a large scale and can only provide food for themselves.

In contrast, agribusinesses utilize modern technology and thus require lesser labour on the fields. The term "agribusiness" not only refers to the growing of crops in large scales for sale, but also various businesses involved in farming. Compared to subsistence farming, agribusinesses operate on a much larger scale.

Although both forms of agriculture have its own pro and cons, I support the change in form of agriculture from subsistence farming to agribusiness. While agribusinesses have a greater negative impact on the environment, they can make positive changes to both society and the economy that subsistence farming cannot.

Unlike agribusinesses, subsistence farming cannot contribute much to society and the economy in terms of investments, employment, infrastructure, food security and Research and Development.

Firstly, commercial farming projects attract investments and act as a platform for development. For example, when agribusinesses construct roads, warehouses, training institutions and other facilities for their staff, they are also contributing directly to the country's infrastructural development. In Kenya, the Mumias Sugar Company (MSC) has, over the years built 1500 miles of roads, 3000 homes, a social centre, a sports complex and many schools.

Secondly, agribusinesses require a massive labour force for their operations in both their processing factories and their farms. This creates job opportunities and help to reduce the country's unemployment rate. In Ohio, the entire food and agriculture complex accounts for employment of over 935,400 people, or about one in six jobs in the state.

Thirdly, since agribusinesses are profit-driven, it is likely for them to invest heavily on R&D of new techniques and technology that can be applied to increase both their efficiency and crop yield. This not only augments their profits in the long run, but also increases global food supply. The Australian Wheat Board worked together with CISRO to develop a species of "pest free" grain. Because of this, the Australia has been kept free of any major pest outbreak and was thus able to export A$5.8 billion worth of wheat last year.

Given their small scale of...

Loading: Checking Spelling


Read more

Agriculture In More and Less Developed Countries

2105 words - 8 pages Dark, thick smoke rises from the engine of a huge tractor that is plowing the plains of Dumas, Texas with enough power and technology to plow fifteen rows at one time. While just overseas in Pakistan a farmer works to plow one row in his field with the help of his oxen. Both farmers come home late at night, one just the same as the other, but the work they have accomplished for the day will be drastically different. The farmer in Pakistan...

"A Study On Agriculture Systems" A study of four typical agricultural systems, with example. focused on the efficiency and feasibilities. Report format with sub-sections, not really an essay.

1685 words - 7 pages IB GEOGRAPHY HLMar 24, 2003Block DA Study On Agriculture SystemsIntensive subsistenceIntensive subsistence farming system utilizes a small area of land but with a high input of labour and sometimes capital on unit land. Scale of intensive...

Organic Farming

1394 words - 6 pages ABSTRACT This essay focuses mainly on the organic farming and its benefits in the Pacific Community. It outlines three major ways organic farming is seems beneficial in the Pacific community. First it states that it is eco-friendly or

Agriculture Business and Management

1024 words - 4 pages The career that I want to major in is Agriculture Business and management. The reason why I want to major in Agriculture Business is because agriculture is an important aspect of every society for its social, economic, and environmental growth. I first heard of this career from my agriculture advisors, at Westminster High School’s farm, when I was being shown a list of jobs and careers that involved agriculture. I was interested in this career...

Golden Rice: The Fortified, Modified and Vilified Option for Third World Malnutrition

3251 words - 13 pages Each year without fail anywhere between 250,000 to 500,000 children go blind from Vitamin A Deficiency (VAD), more than half of those die within twelve months. To visualize this number think of Seattle, now imagine half or all of its population going blind. With a few dollars’ worth of food or supplements enriched in vitamin A this problem can be mollified. But getting fresh foods and vitamins to those with the greatest need has proven an...

The Trend Towards Fewer and Larger Farms as Economic Growth Occurs. Covers the US

736 words - 3 pages The structure of US agriculture has been shaped towards less but the farms are larger. In the early times of this country, people could make a living on the 160 acres they had received from The Homestead Act of 1862. This act gave families clear titles to 160 acresif they had lived...

Agricultural Subsidies: Their Original Purpose and Impact Today

1910 words - 8 pages Agricultural Subsidies: Their Original Purpose and Impact Today Contents Introduction: What are Farm Subsidies? 3 Government Intervention in Agribusiness 7 The Reality 9 Works Cited 12   Introduction: What are Farm Subsidies? The Agriculture sector has changed monumentally over the past century in response to vast economic change and technological advancements. Farm subsidies are various forms of payments from the federal...

Economy in Early American Civilizations: Maya, Aztecs and Inca

1097 words - 4 pages The economic systems of early American societies were very similar. One of these societies, the Mayans, lived in southern Mexico and northern Central America from the 3rd to the 10th century CE, and they relied on the trade of goods such as obsidian and crops such as cacao beans. Another American civilization was the Aztec civilization. They were located in the Valley of Mexico around the 13th to 16th century CE, and they used slash-and-burn...

Feeding The Third World

4101 words - 16 pages Feeding The Third World Millions of people today, despite technological advances enabling fish and meat production and crop yields to soar, are still living in hunger. It is estimated that nearly 30% of the world's population suffer from some form of malnutrition, and the majority of these people live in Developing Countries. Intensive and Subsistence Farming both present possible solutions to dealing with world hunger...

The Benefits of Local Farming

2254 words - 9 pages It used to be that fine dining establishments featured imported ingredients on the menu. These days, many chefs in high quality restaurants take pride in featuring locally grown, seasonal items. Even some large chain grocery stores now offer meat and produce from local farms. While most Americans probably would not feel the need to be as close to their meat as Makenna Goodman describes in “Ever Wonder if You Could Kill What You Eat? We Did the...


565 words - 2 pages Argentina is located in Southern South America, bordering the South of the Atlantic Ocean, between Chile and Uruguay. It is the second largest country in South America after Brazil. The capital of Argentina is Buenos Aires. It borders the countries Bolivia, Brazil, Chile, Paraguay, and Uruguay. Its about 2,766,890 square kilometers.The president of Argentina is Fernando de...

Essays on agricultural risk management and agribusiness marketing

Brent Alan Gloy, Purdue University


This thesis consists of an essay on agricultural risk management and an essay on agribusiness marketing. The essay on agricultural risk management evaluates criteria that aid agricultural producers in their choice among risk management alternatives. The results of the essay suggest that recognizing the role of financial leverage is important in risk management contexts. ^ The gross returns associated with several risk management strategies were simulated and compared with the mean-variance, mean-risk, ordinary first and second degree stochastic dominance (SD), and first and second degree stochastic dominance with risk free asset (SDRA) risk efficiency criteria. ^ The SDRA criteria extend the ordinary SD criteria by recognizing that producers can use financial leverage to alter the returns to an investment. In the analyses conducted, this recognition reduces the ordinary FSD set by 87 percent and 69 percent. Further, the SDRA criteria demonstrate that the assumption of access to leverage narrows the efficient set nearly as much as the assumption that decision makers are risk averse. Together these assumptions greatly reduce the number of risk management strategies that agricultural producers must consider. ^ The essay also evaluated several criteria that produce rankings of risky investments. The results show that rankings produced by criteria derived from the necessary conditions for first and second degree SDRA are highly correlated with certainty equivalent rankings. ^ The second essay uses a cluster analysis procedure to develop a market segmentation of U.S. crop and livestock farms with annual sales in excess of $100,000. The segments were developed based on the, importance of twelve factors that these producers evaluate when selecting input suppliers. ^ The results show that four distinct segments exist: Balance buyers, Convenience buyers, Performance buyers, and Price buyers. The segments were examined with respect actors that characterize the product/service mix that these producers are likely to many factors desire. Specifically, segment membership was related to demographics, custom service use, computer use, off-farm influences on the purchase decision, brand preferences, loyalty, and preferences for salespeople. ^




Major Professor: Timothy G. Baker, Purdue University.

Subject Area

Business Administration, Marketing|Economics, Agricultural

0 thoughts on “Agribusiness Essays

Leave a Reply

Your email address will not be published. Required fields are marked *