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  • Food & Agribusiness

    Food and Agribusiness:
    Food and Agribusiness is an area of commerce that involves the processing, warehousing, distribution, marketing, and retailing of the products used in agriculture. 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.

    The importance of Agribusiness Education
    In India, about 20 to 30 percent of the 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. Organizations in all sectors i.e. public, private, and cooperative, are looking to hire competent and well- trained professionals and agribusiness managers.
    The global agriculture market size is expected to grow from $11,287.56 billion in 2021 to $12,541.15 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%.

    The global agriculture market size is expected to grow to $18,814.21 billion in 2026 at a CAGR of 10.7%.

    Job Roles in the Food and Agribusiness Industry:
    Crop Producer, Agricultural Analyst, Market Analyst, Agribusiness Marketing Coordinator, Quality Controller, and Farm Appraiser.

    A career in the government sector: Managerial positions in the National Bank for Agriculture and Rural Development (NABARD) and Food Corporation of India (FCI).

    Crop Producer: A crop producer is an agricultural practitioner. He works for and/or owns operations that are involved in the growth of crops.

    Agricultural Analyst:His job is to service the current clients and simultaneously create new opportunities within the agribusiness market. Liaising with the clients and helping them meet their banking needs from buying a new property to purchasing equipment.

    Market Analyst: The responsibilities include researching consumer behavior, exploring market trends and opportunities, and collecting and analyzing data based on consumers and competitors.

    Agribusiness Marketing Coordinator: He is responsible for the marketing of products by developing and executing marketing campaigns, tracking sales data, planning meetings and trade shows, maintaining the inventory of promotional material, maintaining databases, and preparing reports.

    Quality Controller: His role includes reading blueprints and specifications, monitoring the existing operations to ensure production standards are being met, and inspecting, testing, or measuring materials and/or products being produced.

    Industries that hire these professionals : Food Production Companies, Farming Industries, Public & Private Sectors, Marketing Industries, and Retail Industries.

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