agribusiness
UK: ˈæɡrɪˌbɪznəs | US: ˈæɡrɪˌbɪznəs
n. The business of agricultural production, including farming, seed supply, agrochemicals, and food distribution.
n. A large-scale commercial farming enterprise that integrates multiple steps of production and distribution.
The term "agribusiness" emerged in the mid-20th century (1950s) as a blend of "agriculture" and "business," reflecting the industrialization and corporatization of farming. The prefix "agri-" derives from Latin "ager" (field), while "business" originates from Old English "bisignis" (care or occupation). The fusion highlights the shift from small-scale farming to large, profit-driven agricultural systems.
Modern agribusiness relies heavily on technology and global supply chains.
Critics argue that agribusiness prioritizes profits over environmental sustainability.
The family-owned farm was acquired by a multinational agribusiness corporation.
Agribusiness contributes significantly to the GDP of many developing countries.
She studied agribusiness to understand the economic aspects of food production.