Agribusiness – A need for profitable agriculture
Seed of assurance for profit in Agriculture
Seed of assurance for profit in Agriculture has to sow among the farmers before they go for sowing in agriculture land. The Agriculture Extension workers have to come forward for sowing the seed of assurance for profit in Agriculture.
The farmer should be exposed to new Agriculture technologies so that better understanding and hence the adoption by the farmers can be channelized. Agriculture technologies do not mean big agriculture technologies rather it relates to the small changes in ongoing Agriculture technologies that infact should be incorporated for big impacts.
Seed replacement and adoption of new & high yielding variety suitable for a particular area .Likewise line sowing apart from seed replacement and all other improvements in basic technologies has to be disseminated among the farmers. The agriculture extension workers have to ensure that the farmers are adopting the new technologies and are at least going for seed replacement
Business of loss
Certainly, in this ongoing time the agriculture is becoming a business of loss for the farmers. What’s the reason for Agriculture being a business of loss? Agriculture is more confined to Production and as such in most of the cases are not link to much of efficient business. This is one basic reason for Agriculture being called as business of loss.
Input cost of production and poor price realization by the farmers are making it a business of loss. The farmers are not being able to bear the hike in input cost and hence given an option farmer is ready to quit Agriculture. Most of them are in way to shift to unskilled labour work. The farmers are not able to control the increasing input cost. However, the on farm input production can be an option for the farmer to be less affected by hike in input cost. The on farm input production will also ensure them a good quality input along with controlling the hike in input cost.
Supply chain management
Supply chain management is the need for profit in Agriculture. The farmers are more confined to Agriculture production .Time has come to move a step ahead from production to making supply chain for produced crops. The farmers have to learn the art of making viable market linkages through an efficient supply chain management so as to have a profitable and sustainable agribusiness.