It is fascinating to observe how global trends continually shape various aspects of human existence, including technology, science, medicine, and agriculture.
Agriculture, in particular, has undergone significant transformations worldwide. From traditional subsistence farming to mechanised industrial practices and export-oriented approaches, the sector has evolved into a multi-billion-dollar business. Nigeria, and indeed the entire Southeast region, cannot afford to be left behind in this agricultural revolution.
Some key success factors have contributed to the remarkable advancements in the agricultural sector. Successful countries recognise that treating agriculture as a business is essential. They adopt and adapt business-oriented mechanisms to measure progress and profitability. High-level planning, calibrated output matrices, and knowledge-driven processes play a crucial role in achieving sustainable growth. Incremental evaluation and feedback ensure continuous improvement.
Some countries like China, India, the United States, and Brazil have become global leaders in agriculture, exemplifying the essence of planning and business acumen in agriculture. China, in particular, has strategically focused on its agricultural value chains. By treating agriculture as a business, China surpassed the United States and the European Union to become the world’s leading exporter of agricultural products in 2019. On the whole, the shift toward viewing agriculture as a business has propelled countries to unprecedented levels of success. By embracing planning with professional approaches, and continuous improvement, nations can thrive in this vital sector.
Enabling the Business of Agriculture project assesses laws and regulations related to agriculture, aiming to identify actionable reforms that remove obstacles for farmers seeking to grow their businesses in the area of seed supply by examining laws and regulations related to timely seed release for domestic farmers. Other are assessing regulations that help farmers to access high-quality fertilizers, addressing water-related regulations as well as analysing regulatory processes that impact agricultural machinery use.
In the area of sustaining livestock, entails evaluating regulations affecting livestock farming input, and examining phytosanitary legislation to prevent pests and diseases and laws facilitating agricultural product trade and exports.
Read more …: Understanding the business aspect of agriculture