Agribusiness

The objective of this entry is to provide noneconomists with an analytical tool with which to understand various aspects of contemporary agriculture and food and fiber systems. The first part of the entry will provide an overview of the concept of agribusiness from its conception to current times. It will then present the main challenges facing the agribusiness system in the arena of recent global competition by illustrating key critical aspects, which are related to the United Nations Sustainable Development Goals (SDGs). Particular reference will be made to SDG2 which focuses explicitly on food by seeking to “end hunger, achieve food security and improved nutrition and promote sustainable agriculture.” Agribusiness can contribute to solving these challenges by constructing a secure and sustainable food and agriculture system. Implementing sustainable practices and working in partnership with governments and other stakeholders throughout the agricultural value chain will be key to achieving the targets pertaining to SDG2.