Reframing Agribusiness: Moving from Farm to Market Centric

Clifford J Shultz, Mark R Edwards

Research output: Contribution to journalArticlepeer-review

Abstract

Agribusiness is moving from farm to market centric, where effective activities anticipate and respond to customers, markets, and the systems in which they function. This evolution requires a broader conceptualization and more accurate definition, to convey a more dynamic, systemic, and integrative discipline, which increasingly is committed to value creation and the sustainable orchestration of food, fiber, and renewable resources. We discuss the forces driving this shift to the market, offer a new and more representative definition of agribusiness, provide models to illustrate some of the most compelling trends, and articulate key elements and implications of those models.

Original languageAmerican English
JournalSchool of Business: Faculty Publications and Other Works
Volume23
Issue number1
StatePublished - Apr 1 2005

Keywords

  • agribusiness definition
  • conceptual models
  • market centric
  • market systems

Disciplines

  • Business

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