...Part I Case Study a. Based on the case, define agribusiness supply management. Supply chain management can be defined as a combination of different arrangements occurring between various business entities involved in the production, procurement, processing, and marketing of a product or products. It also can be defined as the cooperation between producers, processors, wholesalers, and/or retailers, to guarantee high quality and/or to minimize costs. Based on my observation through all of the supply management case studies I would have to agree with the definition of supply management. b. There were three agribusiness cases presented. Provide a brief description of each case. Which case did you like or dislike and why? The case that most interested me was the case about Niman Rancher-A Natural Meat Producer. This was the most interesting because most farms doesn’t practice natural environment Niman Ranch contracts with family farms to raise their animals in a natural environment without the use of drugs or hormones. Niman Ranch is so committed to the family farm philosophy that it sees itself as the processing and marketing operation for about 100 family farms. This was also interested because of the different sites in which animals were processed at, also the different packaging and how it applies their farm to supply management. c. What is the difference between vertical integration and vertical coordination? The difference between vertical integration...
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...RESEARCH IMPACT OF DEPARTMENT OF TRADE AND INDUSTRY – COMPREHENSIVE AGRARIAN REFORM PROGRAM TO AGRARIAN REFORM COMMUNITIES ASSISTED CHAPTER I THE PROBLEM AND ITS SETTING INTRODUCTION In consonance with the avowed policy of the state to promote social justice and to move the nation toward rural development and industrialization, the Comprehensive Agrarian Reform Law (RA 6657) was enacted on 10 June 1988. The law spells out the mechanism for the implementation of the Comprehensive Agrarian Reform Program (CARP) which aims to redistribute all public and private agricultural lands, including lands of the public domain suitable for agriculture. Under the program, landowners are allowed to retain a maximum of five hectares. The CARP, which is primarily envisioned to accomplish equity objectives through land distribution, also aims to address efficiency issues by increasing farm productivity. Improved farm productivity is expected to be accomplished through the adoption of appropriate farming practices and technology by the new landowners and the provision of the complementary support services. These include, among others, infrastructure support, credit, technical training and appropriate technology. The program is also designed to encourage production in idle and abandoned lands which is expected to increase overall land productivity. In view of its comprehensive scope, the implementation of the CARP involves the Department of Trade and Industry through the establishment...
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...WEMC FS#5-08 Strategies for Competitive Advantage Cole Ehmke, M.S. Extension Educator, Department of Agricultural and Applied Economics University of Wyoming Overview A competitive advantage is an advantage gained over competitors by offering customers greater value, either through lower prices or by providing additional benefits and service that justify similar, or possibly higher, prices. For growers and producers involved in niche marketing, finding and nurturing a competitive advantage can mean increased profit and a venture that is sustainable and successful over the long term. This fact sheet looks at what defines competitive advantage and discusses strategies to consider when building a competitive advantage, as well as ways to assess the competitive advantage of a venture. The Essence of Competitive Advantage To begin, it may be helpful to take a more in-depth look at what it means to have a competitive advantage: an edge over the competition. Essentially a competitive advantage answers the question, “Why should the customer purchase from this operation rather than the competition?” For some ventures, particularly those in markets where the products or services are less differentiated, answering this question can be difficult. A key point to understand is that a venture that has customers has customers for a reason. Successfully growing a business is often dependent upon a strong competitive edge that gradually builds a core of loyal customers, which can be expanded...
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...Developing Countries Many people confuse the term of developing nation and third world country. Some countries have a more developed economic system, but that does not mean it is a third world country. Other people try to use these terms as a ranking scheme for the states of developing countries according to the One World Nations page. The web page dictionary.com describes a third world country as “country is a country in which the predominant culture and society is made up of mostly minority groups and where poverty is abundant”. The only difference between a developing country and a third world country is the ability or the chance the country has to come up from the economic instability they are in. An example of a developing country is Mexico. Mexico has been struggling for a long time already to come up from that developing phase. Many people might think that Mexico is not one of the many developing countries, but it is. Mexico has the six characteristics that define a developing country the first one being low levels of living standards. During the mid-90s, there was a huge problem with the indigenous people that still live in Oaxaca Mexico. The Mexican government wanted to take their lands away to build manufacturing companies there. Most of the people that lived there were poor and their only way of creating income was by the form of agriculture which is the second characteristic of developing countries. They did not receive much help from the government for their schools...
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...The Master of Agribusiness (MAB) program is unique because it deals with agriculture products produced under condition of risk and volatility and because it deals with food, with all its attendant security, safety and nutritional aspects. It focuses on enhancing specific skills required to make effective business decisions within the concept of food and fibre business, from input suppliers through primary producers to wholesalers, processors, retailers in a competitive, consumer –directed market. The courses I have taken and activities I have been involved in so far have really broaden my understanding and enhanced my analytical skills required in the day-to-day work environment . I have the opportunity to learn collaboratively with other agribusiness professionals, students and staff. Skills in team management and communication are directly enhanced through the program, the collaborative learning approach enables me to learn from real- world scenarios, examine different aspects of problems, minimize the complexity, share findings and negotiate solutions. I have full access to subject materials needed for the courses, and a great opportunity to learn from, and with other students and staff. Through Agribusiness Management Economics I have gained an understanding of, and the ability to apply, key economic concepts and principles (demand, supply, marginal analysis etc). I have also experience, through case studies and application of economic to the US problems. Through the subject...
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...4th Quarter 2010 | 25(4) THEME OVERVIEW: FUNDAMENTAL FORCES AFFECTING AGRIBUSINESS INDUSTRIES Kent Olson and Mike Boehlje JEL Classifications: Q13, L10, L22, M22, L80 Keywords: Agribusiness, Market Forces, Structural Change, Porter’s Five Forces Agribusiness industries are facing numerous challenges and opportunities resulting from various fundamental forces. An understanding of the forces that are shaping and shifting the competitive landscape is useful to not only understand the strategic positioning decisions of the firms in these industries, but also the dramatic structural changes that are occurring in the food production, processing and distribution sector. This series of articles discusses the fundamental forces creating change in the agribusiness industries, and how companies and decision-makers are being affected by, and adapting to, changes in these forces. We frame this discussion using the analytical concepts of value chains and Porter’s Five Forces. We describe the agribusiness value chain as two chains which become one at the consumer end (Figure 1). One value chain follows plants and plant products, and another chain follows animals and animal products. These two chains blend into one chain at the processing and retailing stages of the chain. We also view the value chain rather simply as four stages: (1) input suppliers; (2) producers; (3) processors and handlers; and (4) retailers. While the value chain could be viewed as specific for different products...
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...AGRICLINICS AND AGRIBUSINESS CENTRE INTRODUCTION: With the diversification and modernisation of agricultural practices, there is a need to augment support and extension services for agriculture. For this purpose, a scheme for setting up agriclinics and agribusiness centres by agriculture graduates has been launched by GoI with the support of NABARD. These centres will provide a package of input facilities, consultancy and other services. They will strengthen transfer of technology and extension services and also provide self employment opportunities to technically trained persons. BACKGROUND OF THE SCHEME: There are 11,900 graduates from agriculture and allied sectors passing out from agricultural universities in India. However, only 2000 are able to get employment in Government/Private sectors. Thus there remains a vast pool of around 9900 graduates in the country who can support and boost agricultural production process if viable business opportunities are provided to them. On the other hand there exists an agricultural extension system which is fast shrinking resulting in wide extension gaps between those who require improved technologies and those who generate them.Thus in the aftermath of this wide extension gap and the vast pool of unemployed agriculture pass outs remains to be tapped to provide support to the extension system and ultimately to help improve agricultural productivity. This gave birth to a unique and ambitions scheme to address the twin objectives...
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...Personnel Management Research in Agribusiness Vera Bitsch Department of Agricultural, Food, and Resource Economics Michigan State University, 306 Agriculture Hall, East Lansing, Michigan, 48824 Tel: +517-353-9192, Fax: +517-432-1800, bitsch@msu.edu Paper presented at the 19th Annual World Forum and Symposium of the International Food and Agribusiness Management Association, Budapest, Hungary, June 20-23, 2009 Acknowledgements This study was supported by the USDA Cooperative State Research, Education and Extension Service, Hatch project #0191628. The author would also like to thank the Elton R. Smith Chair in Food & Agricultural Policy at Michigan State University for supporting the participation at the IFAMA World Forum and Symposium. Copyright 2009 by Vera Bitsch. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Personnel Management Research in Agribusiness (Executive Summary) One of the challenges faced by agribusinesses in the 21st century is the attraction, motivation, and retention of sufficient and qualified labor. However, personnel management research has mostly focused on other industries. Accordingly, agribusiness managers have little to rely on, when developing personnel policies and procedures. Once a business has grown beyond the labor capacity of the immediate family, personnel management becomes an issue and practices developed...
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...The Influence of Micro-finance Institutions on the Growth of Agribusiness Oriented Small Scale Enterprises in Kenya Name Tutor University Course Date Table of Content Table of Content 2 Abstract 4 Introduction 5 1.1 Background Information 5 1.2 Problem Statement 6 1.3 Justification 7 1.4 Objectives 7 1.5 Hypothesis 7 2.0 Literature Review 8 2.1 Kenya's Horticultural Sector at a Glance 9 2.1.1 Horticultural Leading Products 10 2.1.2 Top Importers 10 2.1.3 Private Sector Drive 10 2.2 Kenyan Contract Farming At a Glance 11 2.2.1 Definition of Contract Farming 11 2.2.2 Contract Groups 12 2.3 Supply of Microfinance 14 2.4 Types of Enterprises Engaged In By Microfinance Clients 15 2.5 Effect of Microfinance Services on Agribusiness-Oriented Small Scale Enterprises 15 3.0 Methodology 16 3.1 Area of Study 16 3.2 The Sample 16 3.3 Data Collection 16 3.4 Demographic Details for both Study Areas 17 3.5 Data Analysis 18 4.0 Work Schedule 19 5.0 Budget 20 6.0 References 21 7.0 Appendices 23 7.1 Appendix 1: Preliminary Data Analysis: Interview Questions 23 7.2 Appendix 2: Thematic Data Analysis 24 Abstract Micro-financing refers to the provision of financial services to individuals and groups which are not included in the formal financial systems based not only on assets and security but also other demographic, cultural, social, and gender constraints (Sindi, 2008). Microfinance institutions are those informal financial...
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...Current trends in Management of Agribusiness in the 21st century with respect to technology and their effects on Globalization By Christine Owondo e-mail - ch_owondo@yahoo.com Box 50685 – 00100 Nairobi -Kenya Date - 17th May, 2012 Q1. Discuss the current trends in management of Agribusiness in the 21st century with respect to technology and its effects on Globalization. The 21st century has widely been referred to as the “technology era”, largely due to changing trends in technology. New developments in agribusiness have emerged which have entirely transformed, not only the agricultural sector but the entire business environment. These include areas such as management and leadership, technology, changes in the environmental factors – ecological factors and the like. Traditionally management was viewed as an insignificant part of the organizational structure. Decision makers in the 21st century are more aware of the need to utilize resources more efficiently, both Human and non-human. In both cases there has been an improvement from the old to current. In management Managers had adopted a dictatorial rather autoritarian kind of leadership to achieve goals, mainly preferring a top down approach to work, resulting in high staff turnover and employee dissatisfaction. Decision making was less participatory. In the 21st century, the tall structure has been flattened so that bureaucracy is reduced. There is a more participatory approach to...
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...NORTH SOUTH UNIVERSITY BUS 489-Internship Submitted To: Adnan Habib (Intern Faculty) Lecturer School of Business North South University ACI Agribusiness Submitted By: Mushfiqur Rashid Chowdhury ID: 111 0195 030 North South University Date of Submission: 25th April, 2015 INTERNSHIP R E P O R T Table of Contents Contents | Page No. | Overview of the organization, department and people | 05 | Contribution to the organization | 06-07 | Lessons Learned | 08-09 | Interaction with supervisors | 09 | Dealt with difficulties encountered | 09-10 | Difference between expectation and experience | 10 | Influence in career plans | 10-11 | What would I do differently if I had to redo this internship | 11 | Appendix | 12-21 | Letter of Transmittal April 25, 2015 To Adnan Habib Lecturer North South University, Dhaka, Bangladesh. Subject: Submission of Internship Report Dear Sir, It is a great pleasure for me to have the opportunity to prepare my internship report which is prepared as a partial requirement of the Internship Course BUS 489 of BBA program under Department of Business Administration, North South University. In this internship report I have tried to come up with the experiences I have gathered from my three month stay in ACI Agribusiness under the Strategic & Planning department. I would like to thank you for giving me the opportunity to have the chance to prepare my internship report under you. ...
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...Agribusiness Management, its meaning, nature and scope, types Of management tasks and responsibilities Dr. B. K. Baruah Professor Department of Agril. Economics Farm Management Assam Agricultural University Jorhat – 785 013 Different authors have defined it differently. It is a concept easy to understand but difficult to define. Literally speaking business means bushes. In simple words “business means the state of being busy”. Broadly, business involves activities connected with the production of wealth. It is an organized and systematized human activity involving and purchase of goods and service with the object of selling them at a profit. Business concerns with buying and selling goods, manufacturing goods or providing services in order to earn profit. What is agribusiness : The word agriculture indicate plowing a field, planting seed, harvesting a crop, milking cows, or feeding livestock. Until recently, this was a fairly accurate picture. But to days’ agriculture is radically different. Agriculture has evolved in to agribusiness and has become a vast and complex system that reaches for beyond the farm to include all those who are involved in bringing food and fiber to consumers. Agribusiness include not only those that farm the land but also the people and firms that provide the inputs (for ex. Seed, chemicals, credit etc.), process the output (for ex. Milk, grain, meat etc.), manufacture the food products (for ex. icc cream, bread, breakfast cereals etc.), and transport...
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...CHAPTER ONE INTRODUCTION 1.1 INTRODUCTION Economist always say that human beings behavior are rational that is, they are classified and directed at some specific point, devoid of unnecessary emotions and sentiments. In the same line of thought when a group of persons decided to join or form a co-operative society, they do so with some rationale behind their intention and or action (Sanusi, 2003). Economics reasons constitute the major motive why people join or form co-operative. It is an attempt to improve one’s income by carrying out more economic activities or improving on the performance of the present enterprise of the individual. By so doing, the member’s economic position is increased. A tailor who joins a tailors’ co-operatives society has among other reasons the economic motive(Bog-Igwe, 2007). Co-operative action takes place when individuals pool their resources together which are often meager in an effort to obtain what is needed by all but can not be obtained by the use of an individual’s resources, talents, time, information or effort. This habit has existed since the origin of humanity, that is, since the time that human beings started living together on the basis of family unit and or in a community. Co-operation is customary and instinctive solidarity. The first co-operative act of man was when the first human family started gathering food even before agriculture was invented (Mbat, 2000). The more advanced forms of traditional co-operation is demonstrated...
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...over 180 years, summary of involved business will be observed by segregating core and non-core activities of the group, core activity is influenced by agribusiness in the fields of grain origination, oil seed processing and international marketing, while non-core business will contain textile, paint, chemical, cement, banking, and insurance and real estate ventures. Agribusiness Trends The competitiveness in agribusiness sector depends on technological, socio-political and economic factors (Esterhuizen, 2006: p72). This section will discuss agribusiness trends, nature of required capabilities for sustainability and will associate three sub sections a) Scenery- This section will examine the contents of business and its products; wheat, corn, soybeans, vegetable oil and protein meals. b) Factors- This section will detail the factors affecting business both in terms of negativity and positive ness. Impacts of population rate, role of non-Americano markets, Asian crisis, technology innovation, export conditions, business contracts and customer’s trends will be presented c) Risks- Turmoil in financial markets and volatility in agriculture impacts risk basis (Dorfman, 2011: p426), this section will underline the risks involved in agribusiness. Bunge’s Agribusiness Infrastructure This section will examine agribusiness infrastructure of Bunge Limited and will split into two sub-sections. a) Location- This section will explain merits and demerits of local presence...
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...EGERTON UNIVERSITY. Bachelor Of Agribusiness Managenent Rationale Students trained in this programme are to assume leading roles of public and private commerce of agricultural and food products. These organizations contribute greatly toward the economic well being of the country. Students that select the Agribusiness specialization will focus on the vertical integration of agribusiness and trade. These specializations provide students with the skills to examine domestic and global consumer interests and how they impact the demand for food and agriculture products. Students that select these specializations will have a basic foundation in business, marketing, finance, and accounting. They will specialize in marketing intelligence for agribusiness by supplementing basic marketing research with coursework that applies marketing research techniques to agribusiness. In addition, students will use marketing research techniques to provide a client with a marketing plan. The internship will provide student experience in the marketplace by applying marketing research techniques and working with clients to solve real agribusiness marketing problems. Students examine the efficient allocation of scarce resources within the country and profit maximization. They will understand both the supply and demand sides of agribusiness. Graduates can assume positions of managerial responsibilities in public and private agricultural and food-related enterprises and organizations. Programme Objectives ...
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