REVIEW OF RELATED LITERATURE

The goal of a literature review, according to LAMB (2013), is to position current research

into the framework of the literature in order to provide context to specific readers. In

practically all areas, a literature review is an essential component of research. It is critical to

evaluate the literature, as it cannot be grasped and improved without it, as well as the primary

critiques made in the topic's work without it.

Agribusiness refers to economic operations that are derived from or related to agricultural

products. To put it another way, this category includes agricultural production, as well as crop

processing, transportation, and distribution (Amato, 2020). Agriculture, as well as its economic,

social, and demographic ramifications. A industry that has an impact on practically all of the

Sustainable Development Goals.

Agriculture is the most populated economic sector on the planet, and it is the primary

source of food and income for many poor people (Editorial Team, 2020). Investing in agriculture

is thus not just one of the most effective ways to improve food security and promote

sustainability, but it is also vital to many countries' economic development.

 In order to offer these sorts of loans, BBVA has established sectoral regulations that

specify the activities that the bank does not allow when requesting a loan to finance a project

(Hans, 2015). Illegal logging, deforestation of high conservation value, and deforestation of

carbon-rich forests are among the initiatives or businesses that will be unable to acquire

financing in the agriculture sector.

By raising the added value of raw materials, promoting local rural economies, food

security, and nutrition, and improving the added value of raw materials, agribusiness can

improve the quality of life in many homes at risk of exclusion and vulnerability (Roy, 2021).

Agro-industries have been found to benefit from policies, incentives, and regulatory

frameworks that protect and develop them.

Food or fiber is the end product of all agriculture operations. As a result, agriculture has a

massive economic impact: it is roughly twice the size of all manufacturing enterprises (in terms

of total assets), accounts for 40% of all consumer spending, and employs 37% of the workforce.

The term "agribusiness" was coined in the 1950s by John Herbert Davis and Ray A.

Goldberg to characterize the two-way interdependence between entrepreneurs and farmers in

their dual roles as suppliers and customers (Donilpo, 2016). Farmers provide markets for

agriculture-related enterprises, as well as some of their suppliers. Farms, on the other hand,

could not function without the help of entrepreneurs.

 In the early nineteenth century, agriculture was a self-contained industry. The normal farm

family provided food, fuel, shelter, draft animals, fodder, tools, utensils, and even clothing. Only

a few necessities had to be bartered or purchased from the farm (Hans, 2010). The farm family

was in charge of almost all production, processing, storage, and distribution.

The agribusiness approach is a way of looking at farming issues from a different

perspective. The release of workers—farm manpower—from agriculture for employment in

new nonfarm occupations, such as the military forces during conflicts, has been one of the

benefits of this method. As a result, there has been enormous economic growth and

development, as well as an improvement in the standard of living.

Agribusiness consists of millions of agricultural units and thousands of business units, each

of which operates under its own set of rules. Agribusiness is made up of hundreds of trade

groups, commodity organizations, agricultural organizations, quasi-research organizations,

conference bodies, and committees, each focused on its own interests (Booth, 2015).

The move from agriculture to agribusiness has yielded numerous benefits. Reduced labor

drudgery, worker release for non-agricultural endeavors, improved food and fiber quality, a

wider range of products, improved nutrition, and increased individual mobility are some of

these benefits (Wash, 2018) Farm work will be freed up, and new non-farm jobs will be created.