Agribusiness includes all businesses involved in the agricultural industry. It includes everything from small scale farming to large scale agricultural operations. The OECD expects global growth in agriculture to average at 1.5% annually over the next decade.
The outlook for the global agricultural industry is bright due to strong demand and high prices. However the industry faces many challenges such as food security, technological change and a difficult regulatory environment. Food security is being challenged by an increasing world population, extreme weather conditions and flucuating supply. The pace of technological change in agriculture is at it's most dramatic in the industry. Competition in the sector really depends on the adoption of new technologies.
The introduction of genetically modified organisms (GMO's) has brought about a profound increase in the supply of sustainable and nutricious food for our growing world population. Consumer perception of GMO's is changing but communication is key in this field where there is still doubt and considerable demand for information.
The regulatory environment in agriculture is challenging with chemicals and pesticides in this industry needing approval on a regional and crop basis. There are considerable costs associated with these restrictions. Such regulations can act as potential barriers to trade between different markets.
Research and Experts supplies global and regional reports on the agricultural industry keeping you up-to-date with key players, new products and emerging markets.
UN Food and Agriculture Organisation
OECD FAO Agricultural Outlook
International Finance Corporation, World Bank
Department for the Environment, Food and Rural Affairs (UK)