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It’s hard not to appreciate the success of a ‘mom and pop’ business. The romanticized notion of self-reliance and success. An idealized world where it’s possible for everyone - even the metaphorical ‘little guy’ - to transform their dreams into a vibrant, growing business that supports the local community and provides a good living for …
Historically speaking, agriculture has been treated as a single, unified sector in which existing market mechanisms (most commonly government intervention) enabled the coordination of production and distribution. This approach failed to account for the activities engaged in by private entities, e.g. farmers or industries working with farmers. The common understanding of agriculture as a sector …
Continue reading "what is agribusiness? how did agribusiness evolve?"
In 1957, John H. Davis and Ray A. Goldberg published A Concept of Agribusiness. Their pro-corporate stance argued that the private sector, rather than the government, should be responsible for the stabilization of the agricultural sector. They were of the opinion that flaws in the agricultural sector were perpetuated by New Deal policy, i.e. government intervention, …
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