Selection of suitable Agribusiness intervention is prerequisite for success in agribusiness. It is important to focus on vital parameters to rank various possible Agribusiness interventions in a given area.
Vital parameters in value chain
The vital parameters in value chain for agribusiness are those parameters that help in setting the priority for agribusiness intervention through ranking system.
After setting the parameters, the weightage is assigned to each of them. An equal weightage or variable weightage as per situation can be assigned. However, it is wise to prioritize the parameters as per prevailing situation of agribusiness in a given area.
Example of Vital parameters in value chain
Let’s make it simpler with example –Vegetable Crop selection agribusiness.
These parameters are:-
Of all possible production of vegetables, analyze the growth potential trend of each vegetable separately.
Compare the competiveness of vegetables in local and distant market
If the area is in hills or plain, analyze the comparative advantage of all possible production of vegetable crops.
Analyze as of how different vegetable crops can play role in poverty alleviation
Social benefits linked with production Agribusiness should be taken while analyzing the different crops
Chances of success
Take historical view and past experience so as to know the chance of success
Calculate the input cost involved in production of each vegetable crop
Check the profitability in production and agribusiness of each crop
Analyze how far different crops can provide sustainability to agribusiness