Agribusiness Industry to Biodiversity Loss AGRI3004

Agribusiness Industry to Biodiversity Loss AGRI3004

Contemporary issues in
Agribusiness Production and
Management
Executive Summary
The report examines the circumstances defined by modern …

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Contemporary issues in
Agribusiness Production and
Management
Executive Summary
The report examines the circumstances defined by modern agriculture and challenges of
agribusiness and also reflected a few methods that ensure the sustainability of value -added
agribusiness in terms of climate change, Technology progress, healthy food, and institutional
progress. The major objective of the report is two reflected that combining the methods and
circumstances of the agribusiness will help in assuring value -added agriculture and sustainable
development. The challenge that modern agriculture is facing is the capability to effectively
implement innovations in the farm, adapt new knowledge, and efficient utilization of the farming
progress. The report dis cusses about the contribution of agribusiness industry and its impact on
modern agribusiness practices. It further discusses about how the agribusiness is stressing the
current management practices and regarding few sustainable management practices that ca n be
employed to achieve the objectives with respect to the biodiversity loss.
Contents
Executive Summary ………………………….. ………………………….. ………………………….. ………………………….. …… 2
Introduction ………………………….. ………………………….. ………………………….. ………………………….. ………………. 5
Body ………………………….. ………………………….. ………………………….. ………………………….. ………………………… 5
Contribution of the agribusiness industry to biodiversity loss ………………………….. ………………………….. .. 5
Impact on modern agribusiness practices ………………………….. ………………………….. ………………………….. . 6
More about the impact on modern ag ribusiness practices ………………………….. ………………………….. …….. 6
Current agribusiness visualization ………………………….. ………………………….. ………………………….. ………… 6
Sustainable management practices employed to achieve objectives ………………………….. …………………… 7
Current management practices (pressure on agribusiness man agers) ………………………….. ………………….. 7
Green Revolution ………………………….. ………………………….. ………………………….. ………………………….. …… 8
Conclusion ………………………….. ………………………….. ………………………….. ………………………….. ……………….. 8
References ………………………….. ………………………….. ………………………….. ………………………….. ………………… 9
Introduction
The report is having a brief description that includes how agribusiness is stressing the
current management practices and water few of the sustainable management practices that can be
employed so that objectives can be achieved concerning the biodiversity loss. It also includes a
small discussion about the green revolution and how it boosted biodiversity loss. In the context
of Australia, the sector of agribusiness has a crucial role in the economy of Australia and its
culture. The agribusiness sector is al so a driving force in the economy of Australia contributing
almost 25% of GDP in the 28 th century. Agriculture is also considered the cornerstone of the
Australian economy and its culture. This paper investigates whether the present policy strategy
of the development in the Australian agribusiness section is appropriate for the delivery of a
sustainable sector. Going through this also critiques and discusses the present approaches to
mitigating the threats of the sector. The discussion also includes how Gre en Revolution boosted
biodiversity loss.
Body
Contribution of the agribusiness industry to biodiversity loss
While the agribusiness industry has an active contribution to the concentration and
sustainable utilization of the paradiversity, also it is a grea t source of biodiversity loss.
Biodiversity refers to the different types of living beings or species present on earth in various
forms. All species and living organisms are all interdependent for their existence and survival.
Biodiversity is very important to balance our ecosystem. Unfortunately, some or many of the
species are becoming rare day by day. This loss of species is called biodiversity loss.
No doubt agri -based industries are major food supplies for all human beings but
agribusiness is also a major cause of the decrease i n biodiversity. Some industries depend only
on certain specific plants and animals for production and others are unutilized. The biodiversity
of the earth is getting lost at a very high rate which keeps the sustainability of the agribusiness
industry in je opardy. It also results in the security of livelihood and threat of food and the
capability to accept the changing situations. To be sustainable enough, a farm should be
economically feasible (Surya, et al., 2021).
Impact on modern agribusiness practices
Most of the crops in modern agribusiness practices depend on the use of chemicals.
These chemicals may harm various other species outside the farm unnecessarily. The modern
practice also emphasizes monoculture crops means some special types of crops to be grown in
rotation again and again. For example wheat and rice. This has replaced many crop varieties and
does affect badly on biodiversity.
Modern agribusiness practices have made the production of food increase that
contributing to enhancing food securit y and to reduce the poverty. It is also responsible for
damage and harm caused to biodiversity through the conversion of land utilization. It is also
expected that it will remain one of the largest sources of biodiversity loss from 2010 to a
minimum of 205 0. The major drivers will also include intensification of agribusiness systems,
overexploitation, loading of nutrients, alien species, pollution, and utilization of water and
chemical. When the farm practices will be more sustainable, it will ultimately re sult in the
farmers having a deep understanding and knowledge of natural resources (Cui, et al., 2018). This
further enhances the ability of a farmer to respond to the pressures of markets and environmental
situations.
More about the impact on modern agribusiness practices
Industrial agriculture has the greatest impact on the biodiversity within the soil.
Agriculture depends on the living things and natural procedures to make food and also changes
the surrounded atmosphere (Ioris, 2018). Industrial ag riculture emphasizes productivity which
indicates that many farms are upsetting the wild species. Maintaining the biodiversity in crops
has numerous profits for the farmer. Soil, plants, and animals depend on each other for habitat
and nutrients. Modern ag riculture practices had a greater impact on the environment which result
in environmental degradation. Some of the problems include biodiversity loss, genetic
engineering, deforestation, soil degradation, climate change, and pollutants (Pye, 2019). Modern
agribusiness practices include autonomous tractors, drones, harvest automation, and seeding.
Current agribusiness visualization
Despite having gradual fiber and food opportunities that have been represented by an
expanded worldwide population, there is still the question that whether the agribusiness sector of
Australia has the fundamental flexibility in the sustainable growth and development and to
realize such type of opportunities. The agriculture sector of Australia revealed the social,
financial, an d environmental threats against which various rules and policies have been set up to
underpin the viability of the agriculture sector ( Sahaidak, et al., 2021 ). The prices of farm gates
are influenced by the declining rates of trade that further fluctuates the currencies and
commodity prices. the major aim of Sustainable agriculture is to meet the textile and food needs
of society without compromising the capability of the upcoming generation.
Sustainable management practices employed to achieve objectives
The present practices for sustainable management are employed to achieve the goals and
aims in the industry of agribusiness. Sustainable agri business is defined as the high -quality and
safe kind of agricultural goods and services in such a way that will enh ance and protect the
natural environment, and the economic and social situations of the farmers, local people, and
workers ( Pereira Ribeiro, et al., 2020 ). It also emphasizes safeguarding the welfare and health of
all the species related to farming. Such a griculture is determined by three main communicative
elements including social responsibility, economic beneficiary, and environmental supervision.
The word sustainability defines a long -term and holistic approach to the business related to the
farm. This refers to lessening the environmental and economic stability, health, and equity of the
farming, family, and business ( Aji, 2020 ). The sustainable kind of strategy in the field of farming
includes more than just discussing the environmental actions or enha ncing the benefits.
Sustainability also emphasizes the practices and process of business instead of just a particular
fiber or food output. It also enhances the social, environmental, and economic value to make a
TBL (Triple Bottom Line). It is a different kind of approach compared to the profit -driven
approach where the business only makes benefits economically.
As per the latest trends, there has been a significant and gradual increase in demand for
sustainability in the agricultural business sector ( Kly chova, et al., 2019 ). There have been
numerous ideas that may be acquired to enhance the sustainability of every business by focusing
on the triple bottom line concerning economic profitability, social responsibility, and
environmental supervision.
Curren t management practices (pressure on agribusiness managers)
Biodiversity loss has major implications for the business. Management and supervision
are well -known ideas to the farmers. ( Panait, 2020 ). The four value chain of activities that arise
in the global economy includes the food and beverages, infrastructure and mobility, energy, and
fashion value chain (Mariyono, 2019 ). Traditional and new practices should be considered at the
time of implementing the sustainable f arming approaches and practices ( Wallace, et al., 2022 ).
Agri business managers face the risk of disrupting the supply chain of food producers, and
pressure from government rules that are associated with biodiversity is extended and can have
significant ext ra costs in the upcoming time. They also face the risk of destroying the Goodwill
of their consumers and several other stay holders that ultimately result to have a destroyed social
license to function.
Green Revolution
The spread of the Green Revolution influenced both wild biodiversity and agricultural
biodiversity which is also known as agro diversity. Because of the green revolution, most of the
agricultural biodiversity has been affected. Depletion of land degradatio n and soil nutrients made
most of the farmers clear their forested areas so that the production can be kept up appropriately.
Land degradation is also an important negative impact of the Green Revolution.
Conclusion
As per the discussion above, it is concl uded that the modern agribusiness refers to the
ever -changing strategies and approaches in the field of farming practices and agricultural
innovations which provide help to the farmers in increasing the efficiency and lessening the
number of natural resour ces which is required to meet the demands of food and fiber. Modern
agribusiness practices also have a greater contribution to numerous environmental problems such
as pollutants, biodiversity loss, climatic changes, and deforestation. Modern agribusiness
practices have the advantages of higher crop productivity, enhanced employee safety, and less
use of water, pesticides, and fertilizers. Modern agribusiness is needed because it is the evolving
strategy having creative innovations in the practice of farmi ng that provides help in enhancing
the efficiency of agriculture and lessening the biodiversity loss. With the help of modern
technology. Farmers can easily gain profits and be capable to enhance the productivity of crops
and yield. Green Revolution has co nsiderable influence on the agricultural landscape.
References
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