Agribusiness
What then does “agribusiness” means?
The term “agribusiness” simply refers to the breadth of businesses engaged in all aspects of agriculture, from the provision of inputs such as seeds and fertiliser, to farming, processing, marketing, distribution and retail sales. It emphasises the notion that for agriculture to be sustainable, it needs to be viewed as a business.
Agribusiness is the only way of increasing and developing agriculture in Nigeria. African farmers have lived and worked as subsistence farmers for far too long. At the subsistence level, we have shrinking and depleted farms, an ageing population with limited interest from the youth to engage in agriculture ; there is an urgent need to explore the potential profitability of every agriculture investment and to determine whether it makes financial sense to proceed in the short, medium and long-term.
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