Latest Research News on Agribusiness : Dec 2020

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Latest Research News on Agribusiness : Dec 2020

December 4, 2020 Agricultural Sciences 0

Global change in agrifood grades and standards: agribusiness strategic responses in developing countries

The role of G&S has shifted from a technical instrument to reduce transaction costs in homogeneous commodity markets to a strategic instrument of competition in differentiated product markets. The nature of G&S has shifted from performance (realized characteristics of the product) to process standards. In developing countries, these changes have tended to exclude small firms and farms from participating in market growth, because of the implied investments. The three strategic responses to G&S change by agribusiness firms and farms include: (1) by large firms and multinationals, to create private G&S and private certification, labeling, and branding systems; (2) by medium-large domestic firms, to lobby governments to adopt public G&S similar to those in export markets in developed regions; (3) by small firms and farms, to ally with public and nonprofit sectors to form G&S and certification systems to access export markets and to bring institutional change to nontradable product markets. Governments should build the capacity of the poor to invest to “make the grade” implied by the new G&S. [1]

Using case studies as an approach for conducting agribusiness research

Case study research is increasingly important in agricultural economics as a means of collecting data, and building and testing theory. Case study research has a prescribed set of objectives, espitemology, methodology, and methods that have been developed and tested in a wide range of scholarly and problem-solving situations. This article reviews these fundamentals and then demonstrates the case study approach within the context of an agribusiness research project. This application exemplifies how case study research is capable of generating a robust, comprehensive array of “knowledge” about complex, highly interdependent and dynamic economic and social phenomena. [2]

Policy Implications of Trends in Agribusiness Value Chains

Production and export of non-traditional agricultural products offer potential for economic growth and poverty reduction in developing countries. However, market access for small farmers is being undermined by the increasing complexity of global value chains in agribusiness. Increasing vertical coordination in global agribusiness value chains changes the requirements placed on small farmers. Policies aimed at supporting such farmers need to be realistic about the prospects for small farmer upgrading by large firms in global value chains and about how to respond to the new challenges posed by public and private food safety standards. In the light of these challenges, consideration should be given to policies that shift small farmers away from the most demanding global markets and global buyers. [3]

Review of Competitive Advantage Measurements: Reference on Agribusiness Sector

Aim: In the rapid pace of competition in the current business environment, a firm or an industry is required to be more competitive and hostile. Competitiveness of the global agribusiness has raised concerns among economists and policy makers about the need for competitive advantage in the agribusiness sector of developing countries like. The concept of competitiveness could be viewed as an outcome and as such, superior economic or market performance is considered as an indicator of competitive advantage. Unique measurement of competitive advantage in agriculture sector hence provides supplementary value for identifying factors enhancing competitive advantage.

Approach: This paper attempts to critically review measurement criteria of competitive advantage at firm level, specially concerns with agribusiness sector. The paper undertakes a critical review of the available measurement variables of competitive advantage.

Value: The proposed measurement items of competitive advantage could be used for valid measurements in future empirical studies, especially in agribusiness sector, after testing the validity and reliability. Further, review of comprehensive measurement dimensions of competitive advantage could enhance practitioners’ attentiveness to identify the sources of competitive advantage of their firms. [4]

Agribusiness and Food Processing Industries in Uttar Pradesh State of India

Uttar Pradesh is at the forefront in the production of the total food grains (20%), sugar cane (36%), potato (34%), livestock excluding cow (11%) and milk (17%), wheat (33%), lentil (45%), vegetables (30%) in the country. The purpose of the paper is to throw light on the process and structure of agribusiness and agro-processing in Uttar Pradesh. This study focuses on the  untapped potential and highlighted the scope for the agro based agro-processing and agri-business in Uttar Pradesh. Efficient arrangement with favorable policy support and incentives, by taking into account the strengths, weaknesses, opportunities and threats of decisive components like human and land resources, crops, livestock and agro-processing activities would lead to plan the state of Uttar Pradesh as one of the major players in the field of agro-processing as well as  agri-business sector of India. The diversified commodity mix in crop sector, livestock compositions, large geographical coverage, variety of soils and diverse agro climatic conditions, abundant availability of labour force,  varied availability of agricultural raw materials in state  offers excellent prospects for the development of high value agro-based industries and promotion of agri-business. Still state needs to address the issue of strengthen the agribusiness sector with proper implementation of business policies and to create strong mechanism for forward and backward linkages in it. [5]

Reference

[1] Reardon, T., Codron, J.M., Busch, L., Bingen, J. and Harris, C., 1999. Global change in agrifood grades and standards: agribusiness strategic responses in developing countries. The International Food and Agribusiness Management Review, 2(3-4), pp.421-435.

[2] Sterns, J.A., Schweikhardt, D.B. and Peterson, H.C., 1998. Using case studies as an approach for conducting agribusiness research. The International Food and Agribusiness Management Review, 1(3), pp.311-327.

[3] Humphrey, J., 2006. Policy implications of trends in agribusiness value chains. The European journal of development research, 18(4), pp.572-592.

[4] Sachitra, V. (2017) “Review of Competitive Advantage Measurements: Reference on Agribusiness Sector”, Journal of Scientific Research and Reports, 12(6), pp. 1-11. doi: 10.9734/JSRR/2016/30850.

[5] Shekhawat, R. S., Singh, K. N., Burark, S. S., Meena, G. L. and Shekhawat, N. (2017) “Agribusiness and Food Processing Industries in Uttar Pradesh State of India”, Asian Journal of Agricultural Extension, Economics & Sociology, 15(4), pp. 1-7. doi: 10.9734/AJAEES/2017/31552.

 

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