Agribusiness - a scope as well as an opportunity for contemporary agriculture

Abstract

The contribution deals with the key issues of contemporary food economy development as a system and its economic implication in regard to changing position of agricultural enterprises. It explicates why globalisation and integration processes have changed the structure and the interrelationships along the food commodity chains and have created completely the new economic environment for production agriculture. Based upon the economic theory outcomes the essential topics related to the problems why agriculture is largely influenced by the final stages of agri-food commodity chains are explained there. The active response on the demand structural changes include is perceived as a needful precondition of competitiveness of agricultural enterprises for future in general.

Keywords

• agribusiness
• agricultural enterprises
• commodity chains
• food markets
• integration
• monopsony
• value added