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Mary Kris V.


Date: January 16, 2017

Prof. Mary Grace Salarda


What is Agribusiness?
Agribusiness is an industry engaged in the producing operations of a
farm the manufacture and distribution of farm equipment and supplies, and
the processing, storage, and distribution of farm commodities.

Is Agribusiness the same as Agriculture Economies?

According to the American Agriculture Economic Association,
Agricultural economies are the study of the economic forces that affect the
food and fiber industry.
Specific areas of study in agricultural economics include:
Community and rural development
Food safety and nutrition
International trade
Natural resource and environmental economics
Production economics
Risk and uncertainty

Consumer behavior and household economics

Analysis of markets and competition
Agribusiness economics and management

The Big picture of Agribusiness

Agribusiness companies provide input supplies to the production
agriculturalist. The production agriculturalist produces food and fiber
(cotton, wool, etc.), and the output is taken by agribusiness companies that
process, market, and distribute the agricultural products.

The Bronze Age (around 3,000 B.C.)

Some of the developments during the Bronze Age include:
Bronze tools and plows made for easier and faster farming.
The Nile River was used by Egyptians to irrigate crops.
The wheel was discovered, making the transport of crops possible.
World population rose from 3 million before the invention of
agriculture to nearly 100 million.

The Iron Age (year 1,000 B.C.)

Other developments of the Iron Age were:
Iron hand tools and plows were created, some of which are similar
to those used today.
Money was developed because of the need to trade excess crops.

Leaving land fallow gave the soil a chance to rebuild and store

The Middle Age (A.D. 400-1500)

The Middle Ages ranged from A.D. 400 to A.D. 1500. Farming was
still a way of life, but only a few important developments occurred. Farmer
in the Middle Ages began to understand the importance of conserving soil
moisture and nutrients.


Example of Agribusiness:
Farm machinery dealerships
Commodity (futures) brokers
Artificial breeding services
Research consulting firms
Agricultural chemical companies
Veterinary supply companies
Livestock supply companies
Animal feed companies
Biotechnology firms
Export companies

Historical Development of Modern Farm Equipment

The development of modern farm equipment began before tractors

came on the scene. One of the first agricultural machines that had a
significant impact on farming was the cotton gin, invented in 1784 by Eli

The Steam Era

Although steam power had its major impact on the industrial sector of
the economy, it also played a major role on the farm between 1850 and
1900, which is generally called the "Steam Era.

Farm Factors
The first Gasoline-Powered Tractor
Effect of World War 1 on tractor Production
Effect of the Depression Years on tractor Production
Henry Ford and the Tractor
Power Take-Off Units, Tricycle-type Tractors, and Rubber-tired
Effect of the Shift from Animal Power to Tractor Power
Advent of Various Fuels
Modern Tractor Accessories
Increased Size and Four-Wheel Drive