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An agricultural value chain is the integrated range of goods and services (value chain) necessary for an agricultural product to move from the producer to the final consumer. The concept has been used since the beginning of the millennium, primarily by those working in agricultural development in developing countries, although there is no ...
Agribusiness. Agribusiness is the industry, enterprises, and the field of study [1] of value chains in agriculture [2] and in the bio-economy, [3] in which case it is also called bio-business[4][5] or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural ...
v. t. e. Economics has been defined as the study of resource allocation under scarcity. Agricultural economics, or the application of economic methods to optimize the decisions made by agricultural producers, grew to prominence around the turn of the 20th century. The field of agricultural economics can be traced back to works on land economics.
Contract farming involves agricultural production being carried out on the basis of an agreement between the buyer and farm producers. Sometimes it involves the buyer specifying the quality required and the price, with the farmer agreeing to deliver at a future date. More commonly, however, contracts outline conditions for the production of ...
Digital agriculture encompasses a wide range of technologies, most of which have multiple applications along the agricultural value chain. These technologies include, but are not limited to: Cloud computing/big data analysis tools [21] Artificial intelligence; Machine learning; Distributed ledger technologies, including blockchain and smart ...
In the United States the Agricultural Marketing Service (AMS) is a division of USDA and has programs that provide testing, support standardization and grading and offer market news services. AMS oversees marketing agreements and orders research and promotion programs. It also purchases commodities for federal food programs.
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer. The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
A. AgDevCo. Agency for Restructuring and Modernisation of Agriculture. Agrarian studies. Agreement on Agriculture. Agribusiness. Agricultural Act of 2014. Agricultural & Applied Economics Association. Agricultural and Rural Convention 2020.