Agribusiness is an area of commerce that involves the processing, warehousing, distribution, marketing and retailing of the products used in agriculture. Agribusiness aims at streamlining farming operations so that the prices remain at equilibrium. It encompasses farm planning, weather forecasting, research, soil management, seed production, machinery, plant protection, crop nutrient management, harvesting, marketing of produce, storage, supply chain operations, financing, food processing, retailing and much more. All the activities ranging from farm planning to getting the food to the table are a part of Agribusiness.
India’s agriculture industry makes up about 17.5 percent of the country’s GDP. It is considered the backbone of the Indian economy. One of the largest employers, agriculture satiates the food and nutritional necessities of the nation and produces important raw materials for several key industries.
In India, out of the total food products, only 14 percent is processed and about 35 percent of the food is expended during packaging and transportion.
This led to the growth of a new sector called Agribusiness which has generated the need for skilled agribusiness professionals. It has made Agribusiness management a hot career option for the youth.
MBAs can get placed as research analysts and marketing managers in these industries. Food retailing is another sector which offers a gamut of career opportunities.
The course curriculum of MBA Agribusiness programme involves the study of marketing and production of agricultural products and is a gateway to the Food and Health department with the Government after clearing a qualifying exam. Jobs can also be found at the Ministry of Agriculture under Government of India. Agribusiness is an area of commerce that involves the processing, warehousing, distribution, marketing and retailing of the products used in agriculture. Agribusiness aims at streamlining farming operations so that the prices remain at equilibrium. It encompasses farm planning, weather forecasting, research, soil management, seed production, machinery, plant protection, crop nutrient management, harvesting, marketing of produce, storage, supply chain operations, financing, food processing, retailing and much more. All the activities ranging from farm planning to getting the food to the table are a part of Agribusiness.
This led to the growth of a new sector called Agribusiness which has generated the need for skilled agribusiness professionals. It has made Agribusiness management a hot career option for the youth.
The importance of Agribusiness education
In India, about 20 to 30 per cent crop is wasted each year due to spoilage, floods, pests, diseases, improper handling, and lack of awareness about post harvest technologies.
In a developing country like India, the agri-business sector has emerged as a field of prime importance. Organisations in all sectors i.e. public, private, and cooperative, are looking to hire competent and well trained professionals and agribusiness managers.
The field opens up several avenues for those who hold a degree in Agribusiness management. A career in Agribusiness can open doors to a plethora of industries such as farming, real-estate, retail marketing, food processing and food production.
From livestock, farming to human nutrition, food production, Agribusiness covers a significant number of careers globally.
On the other hand, an Agribusiness career in the government sector offers way to many career opportunities that are different from those in the private sector. The degree holders can acquire managerial positions in the National Bank for Agriculture and Rural Development (NABARD). Another government organisation that offers career opportunities to Agribusiness postgraduates is Food Corporation of India (FCI).
The course curriculum of MBA Agribusiness programme involves the study of marketing and production of agricultural products and is a gateway to the Food and Health department with the Government after clearing a qualifying exam. Jobs can also be found at the Ministry of Agriculture under Government of India.
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