Journal of Agricultural and biological research an open access rapid peer reviewed journal in the field of agricultural research. It is a bimonthly journal.  Below we discuss about.

The word "agribusiness" is a portmanteau of the words agriculture and business. The earliest known use of the word was in the Volume 155 of the Canadian Almanac & Directory published in 1847. Although most practitioners recognize that it was coined in 1957 by two Harvard Business School professors, John Davis and Ray Goldberg after they published the book "A Concept of Agribusiness.

Agribusiness is the sum total of all operations involved in the manufacture and distribution of farm supplies; production operations on the farm; and the storage, processing, and distribution of farm commodities and items made from them." (Davis and Goldberg, 1956)

Their book argued against the New Deal programs of then U.S. President Franklin Roosevelt as it led to the increase in agricultural prices. Davis and Goldberg favored corporate-driven agriculture or large-scale farming to revolutionize the agriculture sector, lessening the dependency on state power and politics. They explained in the book that vertically integrated firms within the agricultural value chains have the ability to control prices and where they are distributed. Goldberg then assisted in the establishment of the first undergraduate program in agribusiness in 1966 at the UP College of Agriculture in Los Baños, Philippines as Bachelor of Science in Agriculture major in Agribusiness. The program was initially a joint undertaking with the UP College of Business Administration in Diliman, Quezon City until 1975.Dr. Jose D. Drilon of the University of the Philippines then published the book "Agribusiness Management Resource Materials" (1971) which would be the foundation of current agribusiness programs around the world. In 1973, Drilon and Goldberg further expanded the concept of agribusiness to include support organizations such as governments, research institutions, schools, financial institutions, and cooperatives within the integrated Agribusiness System.

Mark R. Edwards and Clifford J. Shultz II (2005) of Loyola University Chicago reframed the definition of agribusiness to emphasize its lack of focus on farm production but towards market centricity and innovative approach to serve consumers worldwide.

Agribusiness is a dynamic and systemic endeavor that serves consumers globally and locally through innovation and management of multiple value chains that deliver valued goods and services derived from sustainable orchestration of food, fiber and natural resources.

In 2012, Thomas L. Sporleder and Michael A. Boland defined the unique economic characteristics of agribusiness supply chains from industrial manufacturing and service supply chains.They have identified seven main characteristics:

• Risks emanating from the biological nature of agrifood supply chains
• The role of buffer stocks within the supply chain
• The scientific foundation of innovation in production agriculture having shifted from chemistry to biology
• Cyberspace and information technology influences on agrifood supply chains
• The prevalent market structure at the farm gate remains oligopsony
• Relative market power shifts in Agri food supply chains away from food manufacturers downstream to food retailers
• Globalization of agriculture and agrifood supply chains

In 2017, noting the rise of genetic engineering and biotechnology in agriculture, Goldberg      further expanded the definition of agribusiness which covers all the interdependent aspects of the food system including medicine, nutrition, and health. He also emphasized the responsibility of agribusiness to be environmentally and socially conscious towards sustainability.

Agribusiness is the interrelated and interdependent industries in agriculture that supply, process, distribute, and support the products of agriculture. Some agribusinesses have adopted the triple bottom line framework such as aligning for fair trade, organic, good agricultural practices, and B-corporation certifications towards the concept of social entrepreneurship.

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Journal of Agricultural and Biological Research

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