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Based on my readings and insights after we reported of our topic “The Agribusiness Systems Concepts”, Agribusiness has so many sectors that can help expand the views of people and can develop concepts about the field of business. Me as a citizen of this country, you cannot develop these concepts if you don’t really know what is agribusiness is all about. Based on my reading, Agribusiness can be defined as an art and as a science when you handle or owning an enterprise. In my own insight, agribusiness can be defined as an art is because of set of activities that can help develop skills of a person that can help any business that you are willing to build up. Agribusiness can be defined as a science is because you are using this set of activities and skills with an objective, analysis and gathering information to form a concept that can help in any situation in the business world.
Agribusiness can be defined as a concept because agribusiness is made up of different industries or commodities in which you aim for a gainful business that can satisfy the needs of the consumers by using those sets of activities with an objective why doing such business in a particular commodity. Agribusiness as a system, I have read about this sector called the “Agricultural Input Sector” which for me is the provider of all the inputs that are needed by another sectors called Food Production Sector for producing good quality of products and Manufacturing and Processing sector as the manufacturer of all processed products with the use of the concept of “Marketing” for the distribution of food and products for the consumers.
I also read about the systems in agribusiness that there are 5 major subsystems. Namely, the Input subsystem, which I said earlier that the provider of the inputs that are needed for processing while production subsystem, which for me as the manufacturer of raw materials that the input subsystem provides. Another subsystem is called Processing subsystem which for me serves as the processor that can manipulate the different commodities when the production is provided with the needs in producing such products. After processing, the marketing subsystem will take place where it serves as the distributor or the concept of transferring products from producer to consumers. The last subsystem is the supporting subsystem which for me serves as the key players in the business world. Like for example when I put up a business for broiler commodity, I have to consider the key players to support my commodity such as the source of feeds, source for my stocks, agencies that supports broiler and other things that can affect your business either in positive or in negative way.
I also read about the Management Aspect in agribusiness which for me has also a big role in business world because it can also greatly affect the business when you don’t know how to manage your business or in a particular situation that your decision makings will be tested that can affect the entire business. The agribusiness also has the Marketing System which for me serves as the main distributor of the products and for the consumption of the products. In my opinion having the concept of the agribusiness, you also have to be open that any opportunities to improve or to expand your views about business using the new trends, advance technology and other things that have been influenced by the technology because nowadays technology changes from time to time.
For my overall assessment about this topic, these concepts in agribusiness can be a very big help to those people who are planning to run a business enterprise in a particular commodity. It can widen the knowledge of people that are fond with business which can also broaden their views about business. It also can help those people in decision makings and to overcome any situations in a particular business. And also with the help of the systems that are existing in the business world. When you have the mindset of using these systems in a business, you are more risk-taker and also aware of the circumstances that are occurring in the business world.
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