What should you do after MBA Agribusiness?
Food Processing is an important marketing function in the present-day marketing of
agricultural commodities. A little more than 100 years ago, it was a relatively unimportant function in marketing. A large proportion of farm products were sold in an unprocessed form and a great deal of the processing was done by the consumers themselves.
Agriculture and Food Management
• India’s Agricultural (and Allied Activities) sector has shown its resilience amid the adversities of COVID-19 induced lockdowns with a growth of 3.4% at constant prices during 2020-21 (first advance estimate)
• The share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country at current prices is 17.8% for the year 2019-20 (CSO-Provisional Estimates of National Income, 29th May, 2020)
• Gross Capital Formation (GCF) relative to GVA showing a fluctuating trend from 17.7 % in 2013-14 to 16.4 % in 2018-19, with a dip to 14.7 % in 2015-16
• Total food grain production in the country in the agriculture year 2019-20 (as per Fourth Advance Estimates), is 11.44 million tonnes more than than during 2018-19
• The actual agricultural credit flow was ?13,92,469.81 crores against the target of ?13,50,000 crores in 2019-20. The target for 2020-21 was ?15,00,000 crores and a sum of ? 9,73,517.80 crores was disbursed till 30th November, 2020.
• 1.5 crore dairy farmers of milk cooperatives and milk producer companies’ were targeted to provide Kisan Credit Cards (KCC) as part of Prime Minister’s Atma Nirbhar Bharat Package after the budget announcement of February 2020.
• As of mid January 2021, a total of 44,673 Kisan Credit Cards (KCCs) have been issued to fishers and fish farmers and an additional 4.04 lakh applications from fishers and fish farmers are with the banks at various stages of issuance
• The Pradhan Mantri Fasal Bima Yojana covers over 5.5 crore farmer applications year on year.
• Claims worth Rs. 90,000 crore paid, as on 12th January, 2021
• Speedy claim settlement directly into the farmer accounts through Aadhar linkage
• 70 lakh farmers benefitted and claims worth Rs. 8741.30 crores were transferred during COVID-19 lock down per
• An amount of Rs. 18000 crore have been deposited directly in the bank accounts of 9 crore farmer families of the country in December, 2020 in the 7th installment of financial benefit under the PM-KISAN scheme.
• Fish production reached an all-time high of 14.16 million metric tons during 2019-20:
• GVA by the Fisheries sector to the national economy stood at ?2,12,915 crores constituting 1.24% of the total national GVA and 7.28 % of the agricultural GVA
• Food Processing Industries (FPI) sector growing at an Average Annual Growth Rate (AAGR) of around 9.99 % as compared to around 3.12 % in Agriculture and 8.25 % in Manufacturing at 2011-12 prices during the last 5 years ending 2018-19
IMPORTANCE Establishment of agro-based industries is based on the availability of raw material. Agro-based industries have to be set up at rural areas where raw material may be available in plenty – helps in the up-liftment of the rural economy. Provide rural population an opportunity for employment. Generate income and thereby improve the economic condition of people – which in turn creates potential for demand based industries. Provide an opportunity for the dispersal of industries instead of concentrating at a particular place. Solve the problem of exploitation of the farming community by traders and middlemen. Farmers could be assured of better prices for their produce.
Encouragement to bring more and more areas under various crops – increase agricultural production and improve the nation's economy. Transportation cost of agricultural products can be minimized – thereby helping to minimize cost of finished goods. Avoid wastage of perishable agricultural products. Help to develop backward areas based on their suitability for setting up agro industries. Prevent migration of people from rural to urban areas.
An agribusiness is a business that Sells items to farmers for production. Provides services to other agricultural businesses. Is any business that is engaged in the marketing, transportation, processing, and distribution of agricultural products.
Agribusinesses process inputs into outputs.
An input is a resource used in production. An output is the result of the production process. For example, what inputs are necessary to make chocolate chip cookies?
Agribusiness and Society
Agribusiness provides people with food, clothing, and shelter. It also provides jobs for millions of people. Jobs in science, research, engineering, education, advertisement, government agencies, trade organizations, and commodity organizations.
Scope for Agribusiness in India
- India is endowed with a varied ago-climate, which facilitates production of temperate, subtropical and tropical agricultural commodities.
- There is growing demand for agricultural inputs like feed and fodder, inorganic fertilizers, bio-fertilizers.
- Biotechnology applications in agriculture have vast scope in production of seed, bio-control agents, industrial harnessing of microbes for bakery products.
- Export can be harnessed as a source of economic growth. As a signatory of the World Trade Organization, India has vast potential to improve its present position in the World trade of agricultural commodities both raw and processed form. The products line include cereals, pulses, oilseeds and oils, oil meal, spices and condiments, fruits and vegetables, flowers, medicinal plants and essential oils, agricultural advisory services, agricultural tools and implements, meat, milk and milk products, fish and fish products, ornamental fish, forest by products etc.
- At present processing is done at primary level only and the rising standard of living expands opportunities for secondary and tertiary processing of agricultural commodities.
- The vast coastal line and internal water courses provides enormous opportunity for production of marine and inland fish and ornamental fish culture gaining popularity with increase in aesthetic value among the citizens of India..
- The livestock wealth gives enormous scope for production of meat, milk and milk products, poultry products etc
- The forest resources can be utilized for production of by-products of forestry.
- Beekeeping and apiaries can be taken up on a large scale in India.
- Mushroom production for domestic consumption and export can be enhanced with improvement in the state of art of their production.
- Organic farming has the highest potential in India as the pesticide and inorganic fertilizer application are less in India compared to industrial nations of the world. The farmers can be encouraged and educated to switch over for organic farming.
- There is wide scope for production and promotion of bio-pesticides and biocontrol agents for protection of crops.
- Seeds, hybrid and genetically modified crops, have the highest potential in India in the future, since the productivity of high yielding varieties have reached a plateau.
- Micro-irrigation systems and labor saving farm equipment have good potential for the years to come due to declining groundwater level and labor scarcity for agricultural operations like weeding, transplanting and harvesting.
- Production of vegetables and flowers under greenhouse conditions can be taken up to harness the export market.
- Trained human resources in agriculture and allied sciences will take on agricultural extension systems due to dwindling resources of state finance and downsizing the present government agricultural extension staff as consulting services.
- The enhanced agricultural production throws open opportunities for employment in marketing, transport, cold storage and warehousing facilities, credit, insurance and logistic support services.
• to transform the participants into competent professional managers for the
• agriculture, food, agri-business, rural and allied sectors.
• The programme builds sensitivity to domestic and international market needs and span the entire agricultural value chain.
• to equip the participants with the requisite knowledge, skills and attitudes for managerial decision making and implementation in the unique context of agribusiness which is different from regular business environment
• 30+ Types of Industries & More than 100 Recruiters
• encourages entrepreneurial capabilities in participants to make them effective change agents in agri-business and develops capabilities to become leaders in agri business market
• rural sector has compelled agri-input companies providing seed, fertiliser, pesticides, credit as well as insurance firms, to engage trained professionals to serve the market creatively and remain competitive
• National and MultiNationals Companies are realizing the importance of the Agribusiness market.
• Chicken & Meat Processing, Dairy Processing, Co-operatives
• Fertiliser; Agrochemicals
• NBFCs working in Agri and Rural Sector; Micro Finance
• Agri Commodity Trading Sector; Agri Warehousing Sector
• Agri Export Houses; E Commerce; Teaching & Research
Agribusiness management is Forestry, which is a very long term investment, with a lag of 30 years or more.
- How can a student become a valuable professional? Learn It With IIBS!
- Which MBA is best for a CEO? | IIBS B-School Bangalore
- Is an MBA in marketing difficult?| IIBS B-School Bangalore
- Is An MBA in Marketing Worth the Cost? | IIBS B-School Bangalore
- Which job is best after MBA? | IIBS B-School Bangalore
- What are the jobs we get after pursuing an MBA?| IIBS B-School Bangalore
- Is MBA difficult for average students? | IIBS B-School Bangalore
- Why MBA? Top 20 Reasons to do an MBA in 2021 | IIBS B-School Bangalore
- How can you get a job after MBA in HR with MNC? | IIBS B-School Bangalore