Sample BM303 Contemporary Issues in Agribusiness Production and Management Report

BM303 Contemporary Issues in Agribusiness Production and Management Report Sample

This research report should focus on any one of the contemporary issues in agribusiness production and management. If you are able to identify the contemporary issue related to agribusiness production and management, in your respective group discussions and deliberations, or based on the lecture materials and discussions held in the class, you can write a research report on it. In addition, you also review and critically analyze “An India Economic Strategy to 2035 - Navigating from potential to delivery”. Chapter 5 of this source specifically covers constraints and challenges of the Indian Agribusiness sector and how it can a new source of growth for Australia Agribusiness sector. This can be accessed from the https://www.dfat.gov.au/geo/india/ies/pdf/chapter-5.pdf

One additional source for writing a report is “The Future Rice Strategy for India”, Edited by Samarendu Mohanty, P.G. Chengappa, Mruthyunjaya, J.K. Ladha, Sampriti Baruah, Elumalai Kannan and A.V. Manjunatha”. If you require parts of some chapter of this book for review and analytical purposes, it can be available upon request in the campus.

Word limit: 2000 words

The total word limit for the analysis of the group research is around 2000 words excluding the table of content, the bibliography and annexures. Maximum variation of 10 % is allowed. Font should be Times New Roman, size 12 and space 1.5. The students can also look for other case studies on the similar patterns explained above for research analysis and writing a group report.

Solution

Introduction

This chapter discusses the modern problems of sustainability and climate change in the management of agribusiness. It analyses profiling and interpreting global climate change, especially on how it influences agricultural production and the nurturing process which is encompassed in the vulnerability of current weather patterns, especially extreme weather conditions and how the increase weather uncertainties affect yields as well as the sustainability of agribusiness. Also, it emphasizes the necessity of climate-responsible behaviours, the difficulties encountered by market players, and how innovation and policy can respond to these problems.

Discussion Regarding The Chosen Contemporary Issue

Climatic change impacts crop production hence food supply, operational risks, and financial aspects that influence farmers' operations. Climate variability and climate change in general are characterized by frequent changes in climate patterns and extreme events and pose major risks to crop and livestock production with agribusiness organizations on the receiving end (Bouteska et al., 2024). Most importantly, agribusiness itself embodies both the problem and the solution of emissions of greenhouse gases. Agriculture emissions estimate stays at 20-25% of overall global GHG outputs with the highest contribution from livestock sectors through methane emissions; followed by applied fertilizers; and, land use alterations (Omotoso and Omotayo, 2024).

As a result, it is evident that achieving sustainable agribusiness, calls for strong and rigorous measures beyond traditional strategies; climate-smart agriculture is required to reduce emissions, increase resource-use efficiency, and rehabilitate the degraded system. However, changing over to sustainable practices for The Assignment Helpline leads to several economic and operational constraints for smallholder farmers who cannot afford capital, innovative technological practices, and acquire information (Branca et al., 2022).

From an analytical viewpoint, though there are policies to support sustainable agriculture, the paradigms enacted vary according to the political, economic and cultural aspects of the regions. Additionally, public policies, subsidies and incentives generally accommodate conventional agricultural practices rather than sustainable practices. An additional concern is the question of how to raise production volume to meet the needs of the constantly growing population while returning the agriculture sector to sustainability.

Research Findings

The impact of the contemporary issue in agribusiness and its mitigation

Impact of sustainability and climate change issues in agribusiness

By considering the viewpoint of Mohapatra et al., (2022), it can be stated that the impact of sustainability and climate change on agribusiness is considerably effective and the issues are going to be elaborated on in the following passages.

Less production

As per Biró, et al., (2021), the weather patterns are being changed in an effective manner and the increased temperature can impact the crop growth cycle in a considerable way,

Resource scarcity

Another important point to be considered here is the resource scarcity. By going through the article of Brenya et al., (2023), it has been possible to get an idea regarding the same.

Financial issue

With sustainability-related needs as the climate change-related initiatives, several regulatory changes are also coming and agribusinesses are required to follow the changes that can lead changes to their production patterns. Day by day, by considering the issues related to climate change and sustainability, environmental regulations are getting stricter and it is requiring agribusinesses in most of the countries like India to impose additional costs on agribusinesses for the compliance and sustainability initiatives (Tinh et al., 2023). It is a definite fact that if agribusinesses would follow the regulations and if they would work in a sustainable way, then it would ultimately be good for the people, and planet. However, the matter is that in order to impose the regulations and follow it in the proper manner, it's important for agribusinesses to ensure that they are using all sustainable products and it's also important to adopt sustainable operational processes that do not cause harm to the environment.

Changed market dynamics

By considering the viewpoint of Hoyk et al., (2022), it can be stated that people are getting more conscious about sustainability by considering the changes of climate and the impact of it on their lives. Hence, day by day, more people are showing interest in buying sustainable products. The demands for sustainable products were higher in developed countries and in developing countries too, the demand for sustainable products is being increased (Biró, et al., 2021). It is found that there is a growing demand for sustainable foods and it is requiring agribusinesses to adopt more eco-friendly practices. It is actually helping them to meet the requirements of customers. It means that the dynamics related to the preferences of customers are being changed with the sustainability and climate change-related issue and as a result, the businesses are facing the need to change their working process.

Impact on Supply chain

One of the most considerable reasons why sustainability and climate change has been considered here as a significant issue is related to its impact on the supply chain. By considering the views of Ghadge et al., (2020), it can be stated that climate change can disrupt the global supply chain and it can lead to issues like food shortages, and increased cost of floods. By considering these impacts related to sustainability and climate change, agri businesses are facing the need to diversify suppliers and as the global supply chain is being disrupted, they are facing the requirement in local sourcing.

Mitigation Strategies for Sustainability and Climate Change in Agribusiness

Key strategies include:

- Sustainable Farming Practices: Rotation of crops, plantation of trees within agricultural fields, and use of practices such as conservation tillage will be an effective solution for improving the quality of the soil, storing carbon and thus minimising emission of greenhouse gasses (Gamage et al., 2023). These methods are effective in enabling the longevity of agricultural practices.

- Precision Agriculture: By using satellite monitoring, drones, and sensors farmers can control inputs including water, fertilizers, and pesticides, thus using less and with minimal harm to the environment but with increased efficiency.

- Diversification and Resilient Crop Varieties: Sowing seeds of drought and climate-change-tolerant crops can ensure sustained the production of crops so as to avoid extremely volatile production due to unfavourable climatic conditions (Pixley et al., 2023).

How Indian agribusiness sector can be a new source of growth for Australia

It is a fact that The Future Rice Strategy for India is giving a insight that can help India in sustainable development of the rice sector and it can ensure future food and nutritional security (Mohanty et al., 2017). By considering the information shared by www.dfat.gov.au, (2018), it can be stated that within 2035, India is expected to be able to provide a new source of growth for the agribusiness sector in Australia and the gap between demand and supply is expected to be mitigated effectively within the timeframe of 2035. In the economic strategy of India 2035, it has also been stated that the agribusiness sector in India is politically sensitive and it can also be stated that the central and state governments of India are required to develop a balancing relationship in order to ensure that the business is growing smoothly and they are being able to develop a global production hub instead of being limited within the domestic production point. In order to do the same, the government is required to provide rural support as it can be regarded as the key area of agribusinesses and that's why supporting them is needed. A strategic decision considered by the government of Australia to work more effectively with India in developing import pathways can help in commercial engagement and agribusiness of India can help Australia in bringing an improvement to the same sector with proper export values. By considering the economic strategy of India 2035, it can be stated that India is required to develop a trusted partnership with Australia in regard to agriculture reforms. Apart from that, within 2035, India has to seek to pair exports of raw commodities with exports of value-ended products. All of these factors can ensure Indian support in regard to the development of Australian agri business.

The impact of the sustainability and climate change issue in making India as a great partner for Australian agribusiness

On the other hand, the sustainability issue is affecting the agribusiness of India while causing them to face a financial crisis that has been elaborated on earlier. Due to financial crisis and regulatory issues that all are related to the sustainability and climate change-related factors, Indian agribusiness may be unable to produce adequate agricultural items needed to become the global agribusiness hub and it means that though India has the capacity to support Australia in regard to its development of agribusiness, sustainability and climate change issues can affect the production smoothness and can prevent India from meeting the objective they have set for 2035. However, the agribusiness experts have to develop proper strategic plan to manage the issues while ensuring sustainability and product quality. In this regard it can also be stated that the government has to take proper measure to manage financial issues. They have to help agribusinesses financially to manage the issues they are facing due to the adoption of regulatory frameworks and proper financial support is expected to help the agribusiness in India to manage the contemporary issue properly and it will result in the diversification of the Indian agri-business and it will help Indian economy effectively.

Conclusion

Climate change is expected to reduce the productivity of agricultural produce globally hence climate-smart farming, advanced technologies in the agriculture sector and policy standards are important rescues. Despite the detrimental effects from economic and operational standpoints especially when it comes to conventional large-scale farming the long outstanding benefits of embracing sustainable farming are crucial for both nourishment security and safe environment preservation. There is a need for the stakeholders to support agribusiness in order to build a more resilient and sustainable system.

References