The economy. Examples of these agribusiness are

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agribusiness is one of the large-scale sector in the world economy. Due to rapid
growth of the world population, efficient development and progress is the opening
of the huge untapped potential for agribusiness industry in the country
including the import and export. Engaging in Agribusiness is a risk taking and tough
decision for every men’s way to success. For every man who’s desired is to venture
out in the world of agribusiness enterprise should need to study all the
factors that affect the affluence of their proposed projects, with scrutiny
(market study, technical study, financial, socio-economics, management, and
environmental impact assessment) including systems and concepts who’s probably
the baseline of agribusiness. If the outcome of the study has shown that the
proposed project is feasible, then, agribusiness men should never be feared and
be lost in the labyrinth of ignorance. Thus, venturing in an agribusiness enterprise
which encompasses a conceptualized and systematic analysis of all the factors
that affect the possibility of success of a proposed undertaking. Since,
Agriculture is said to be the “Backbone of the Economy whereby Philippines
considered as one of the agricultural countries across the nation wherein
agribusiness dominantly established as the main economic activity of the people
in the country. Agribusinesses enterprise generate the countries income in the
agricultural sector, and other way agribusiness helped boosting the country’s
economy. Examples of these agribusiness are the following: poultry farms,
livestock farms, swine farms, feed companies, veterinary products
manufacturers, hatcheries, etc. Therefore, agribusiness defined as an
enterprise or sometimes known as an agricultural business that embodies all the
market and private business-oriented entity involved on the agricultural
transactions such as farming, management, production, storage, processing, and
distribution of agricultural commodities or agro-based products to the
community to suffice human needs, more specifically to alleviate hunger.  In order for the agribusiness men, not only
in the Philippines but across the global scale, to become a major in the
industry they need to follow the five major subsystems in agriculture. These five
sub-systems are the following: The
input subsystem. This is the first subsystem from which all other agribusiness
subsystems emanate. The production subsystem, the Inputs are directly used to
produce an agricultural commodity as end-product or as a raw material for the
production of other products. The Processing Subsystem wherein
the commodities from the
production subsystem are transformed into various products followed by the Marketing
Subsystem. This subsystem is concerned with the transfer of goods from source
to end-user. Lastly the Support Subsystem which is
consists of all the key
players that provide services, however, optional, but crucial to the success of
an agribusiness venture. This five major

Although, these five major sub-systems in agribusiness
had various definitions and functions, yet it interrelates each other’s
significance in the field of agriculture which had common entities and goals to
pertain good camaraderie to surpass existing challenges that every aspect of
agribusiness is facing over time. In summary, these five major sub-systems of
agribusiness are the key factors that will operate jointly as a chain with relentless
process. “One cannot exist without the others” in other means if one specific component
of certain system cannot be able to operate, then a business might be subjected
to failure causing tremendous losses to the business enterprise. Agribusiness
Concepts in the other hand will lead every person to analyze situation
improving activities within the circle of agribusiness. Systems and Concepts of
Agribusiness are two dissimilar terms, but with the same motive in agribusiness

Categories: Industry


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