Agriculture business management is a specialized management program that focuses on the business aspects of agriculture production and its international trade. The agricultural sector is assisted by Agriculture Business Management by providing business leaders and professionals. The agricultural sector is the focus of many of India's leading business schools providing this management course vehicle. The course covers various aspects of business management, such as making key business decisions and minimizing risk. There are several degree options available, including B.Com, BBA, and B.Sc. (Hons), M.Com, MBA, M.Phil, PhD, and Diploma for those who wish to pursue this course at various levels of education.
Agribusiness Management focuses on the system-wide management functions performed by organizations in the agribusiness sector.
In this major, students can select courses related to their individual interests in farm management, commodity procurement and marketing, labour and personnel management, public policy and global food issues.
54% of the Indian population is employed in agriculture and agribusiness, which is the backbone of the Indian economy. However, its contribution to India's GDP has dropped to 16% over the past few years. Many top management institutes like IIM Ahmedabad and IIM Lucknow have introduced MBA Agri-Business as a separate program within their flagship MBA programs. As important as other MBA courses, now the MBA Agribusiness Management program is as well.
- Other top MBA colleges offer MBA Agri-Business as one of the important MBA specializations. In order to make agribusiness a high growth sector with high returns, a proper management strategy is needed to enhance and explore its potential.
- A recent increase in full-time MBA in Agri-Business Management programmes offered by a number of universities and agriculture-related colleges, including top MBA colleges, has added more importance to the MBA Agribusiness management programs.
- The MBA in Agri-Business is becoming one of the most popular career choices for students these days. In this course, students will learn about crop cultivation, food production, agrichemicals, farm machinery, processing, seed supply, farm machinery, and other concepts related to agriculture.
- An agribusiness master's degree program is two years long and the curriculum is designed to expose students to the whole range of agronomic products and goods that have grown across the country as well as recent developments in the field of agriculture.
- Moreover, it says the country must use innovative methods and new techniques to protect and preserve the agronomic products grown there. A wide range of knowledge is covered in this course, such as finance, supply chain management, taxation, microfinance, and primarily rural marketing.
Agribusiness Management: Why is it Important?
Agricultural business is more than just a way to earn a living and feed people. Science plays a crucial role in growing crops in the best manner possible so that the end results are beneficial. The importance of it is often overlooked. Here are some of the things it takes care of:
- The process of assembling seeds, fermenting them, sourcing raw food products and supplying them with a minimal amount of wastage all fall under Agribusiness.
- Manufacturing companies, chemical companies, logistics companies, and so on.
- When infrastructure fails, the entire system crumbles and people cannot access the most basic necessity: FOOD.
- About 20 to 30 per cent of the crop in India is lost due to spoilage, floods, pests, diseases, improper handling, and a lack of awareness about post-harvest technologies.
- The agri-business industry has emerged as a crucial field in developing countries, such as India. Public, private, and cooperative organisations are seeking competent and well-trained professionals and agribusiness managers.
- For those with a degree in Agribusiness management, the field offers several opportunities. Careers in Agribusiness can lead to a variety of industries, such as farming, real estate, retail marketing, food processing, and food production.
- There are various careers in the Agribusiness sector, from livestock to agriculture to food production and human nutrition.
Agri Business Management Eligibility Criteria
- The requirements vary from college to college, but you should maintain a minimum aggregate score of 50% to graduate.
- To take the CAT/MAT, you are required to have a valid scorecard.
- The main subject of your degree should be agriculture or allied farming.
- Candidates who are waiting for their final graduation results are welcome as well.
Syllabus Agri Business Management
There are six semesters and two years in the Agriculture Business Management Syllabus. These are the main topics covered in the Agriculture and Business Management MBA syllabus:
- Agriculture & Food Policy
- Agriculture Finance
- Marketing agricultural inputs
- Marketing Food Strategically
- Agribusiness Project Management
- Information Systems and Market Research
- Trade-in Agri-Food
- Agribusiness and Value Chain Management
- Understanding Creativity, Innovation, Knowledge, Networks and Entrepreneurship
- International Strategies and Organizations for Food and Agribusiness
- Management of microfinance
- Management of food supply chains
- Analyzing and Developing Competencies
- Finance for carbon
- The public policy
- Innovating social change through social entrepreneurship
- The Management of Sales and Distribution in Agriculture
- Entrepreneurship in agriculture
- Leadership in Agriculture
- Futures and options on agricultural products
- Pricing and markets for agricultural products
- Quality and Economics of Food
- Analyzing agricultural trade policy and trade applications
- Sustainability management
- Managing energy companies
Job Roles For Agri Business Management
In the agribusiness market, an Agricultural Analyst is responsible for servicing current clients and for identifying new opportunities. As part of the job description, you will also need to communicate with clients. A banker helps clients meet their banking needs, such as when they buy a new property or purchase equipment.
Marketing analysts in Agribusiness are not much different from their counterparts in other industries. Among the responsibilities are researching consumer behaviour, exploring market trends and opportunities, and collecting and analyzing data derived from consumers and competitors.
Agribusiness Marketing Coordinator
A marketing coordinator is responsible for marketing products by developing and executing marketing campaigns, tracking sales data, planning meetings and trade shows, maintaining promotional materials, maintaining databases, and preparing reports.
The Quality Controllers or Quality Control Inspectors are responsible for reading blueprints and specifications, monitoring existing operations to make sure production standards are being met, and inspecting, testing, or measuring materials and/or products being produced.
Appraisals are conducted by approved Farm Appraisers when farm loans are approved. The Farm Appraiser is a state-licensed officer who is trained to provide expert opinions regarding agricultural values.
In India, people with an Agriculture Business Management degree are employed by a variety of organisations. Agricultural managers are classified and employed based on their educational qualifications and competencies. In addition to the above-mentioned positions, companies hire them for other related jobs. The following are some of the most well-known recruiting companies:
- Hindustan Unilever Limited
- JK Agri Genetics Ltd
- HPC Biosciences Ltd
- Nath Bio-Genes (India) Ltd
- Dhunseri Tea & Industries Ltd
- Raghuvansh Agrofarms Ltd
- Goodricke Group Ltd
- Bombay Burmah Trading Corporation Ltd
- Scope of MBA Agribusiness
During the course of our lives, we spend most of our time eating, sleeping, and working. The core of agriculture in India, which has the second-largest agricultural land, is farming. There's a simple explanation for this. In addition to being versatile, fertile, and suitable for farming, the land is also rich in minerals.
India is not only able to provide its population with enough agricultural products, but also leads the way in exporting them. As a result, agriculture continues to be a very important source of livelihood for a majority of Indians.
Farmers and the agriculture sector will see a rise in career opportunities as the government offers new programs.
Additionally, hundreds of millions of dollars are spent annually by big organizations to purchase new machines and techniques to increase efficiency and productivity.
The demand for Agri-Business managers continues to grow year after year, resulting in a steady rise in placement packages. Agricultural companies continue to require managerial skills. Thus, MBA agri-business management courses have become increasingly popular as a preferred career option for students. It has also been proven that agri-business graduates with MBAs from reputed recruiters are frequently offered higher salaries.
Agribusiness is becoming increasingly important to multi-national companies. While AMUL is one of the top examples of cooperative brands offering high placements to graduates in Agribusiness management, a number of top recruiters like Adani, Reliance, Tata, Godrej, EY, KPMG, Tolaram, Ninjacart, Cloudtail among others have been participating in campus placements and making high salary offers in the management institutes offering MBA in Agri-Business Management programmes.
Graduates of agri-business programs can find tremendous opportunities through several start-ups focused on the sector. Since farmers have a growing awareness and professionalism in agriculture, agri-input companies providing seeds, fertilizer, pesticides, credit as well as insurance firms have been forced to hire trained professionals to serve the market creatively and remain competitive.
Average Salary in Agri Business Manegment
Graduates of a programme in Agriculture Business Management will have multiple job opportunities. A range of employment options are available for those with different educational backgrounds and, of course, experience. To obtain the desired position in a company, students must also have a number of work experiences.
- Agricultural Manager Rs. 55,000 per month
- Farm Manager Rs. 40,000 per month
- Agriculture Officer Rs. 50,000 per month
The agribusiness manager handles various roles in the organization and his concerns are related to analyzing the financial situation in the agri-business economic market and ensuring the right flow of management information. The annual entry-level salary of a postgraduate is between Rs. 4 lakh to Rs.8 lakh.
Benefits of MBA in Agribusiness Management
After getting the MBA degree in Agribusiness,
- You will become a huge contributor to eliminating poverty in India.
- You can choose between public and private sector jobs.
- You can pursue Ph. D. after your postgraduate degree.
- During this course, you will gain an understanding of soil types and composition.
- Entrepreneurship offers many opportunities for those with consultation and expertise to help farmers and businesses.
Agribusiness is, essentially, the manufactures and service providers that support farming, such as equipment manufacturers, chemical manufacturers, logistics companies, etc.
In a country where the crops are becoming greener, more roles will become available in this field. In case you're qualified and have a high percentage, you might just find an MBA in Agribusiness the right change for you.
A Business Management Curriculum for Agriculture
The Agriculture Business Management course emphasizes the importance of preserving and maintaining agricultural products grown in the country through the use of new techniques and strategies. Rural marketing is an important topic in the course, along with finance, supply chain management, and other subjects.
- There are several basic topics in the curriculum as well as some advanced topics to help you better comprehend the material.
- Developing an individual's interest in various aspects of agriculture and business is the primary goal of this course.
- Students who take the Agriculture Business Management programme will develop the competencies needed to work in the agricultural industry.
Frequently Asked Questions
1. What is MBA Agribusiness management?
Ans. Full-time MBA programs in agriculture business management are available. Agriculture and related activities are its main focus. In contrast to regular MBA programs, Agribusiness Management has a different set of rules for Agrimarketing, AgriFinancing, and Agri Production.
2. What is the salary of an MBA in Agribusiness management?
Ans. An overview of MBA jobs in agribusiness management
Typically, one can expect to earn between Rs. 3-4 lakh per year working in this field. The individual working as a Financer on this type of profile will need to provide financial assistance to agri-businesses after pursuing an MBA in agribusiness management.
3. Which college is best for MBA in agribusiness?
Ans. Colleges offering a Master of Business Administration in Agriculture Management in India in 2021
The Indian Institute of Management is located in Ahmedabad
FMS BHU - Institute of Management Studies Banaras Hindu University
IIM Lucknow - Indian Institute of Management
SIIB Pune - Symbiosis Institute of International Business
Jamia Hamdard is based in New Delhi
4. How can I do MBA in agribusiness?
Ans. Qualifications for an MBA in Agricultural Business
Usually, you must maintain at least a 50% aggregate grade point average in order to graduate, but criteria vary from college to college. Scorecards from the CAT and MAT, as well as other exams, will be required. An agricultural or allied farming degree is the main subject.
5. Is agribusiness management a good career?
Ans. The agri-business sector is one of the most important fields in a developing country like India. An Agribusiness degree can lead to a variety of careers such as farming, real estate, retail marketing, food processing, food production, and more.
6. Can I do MBA after BSC agriculture?
Even if you have a B.Sc in Agriculture, you can pursue an MBA. Graduates from any of the recognized universities must have a bachelor's degree with a minimum of 55% aggregate to pursue an MBA program.