Kick start a High-Growth Career with an MBA in Agriculture Business Management

 

Agriculture forms the backbone of the Indian economy as it serves the living of nearly 50% of the people. The industry accounts for approximately 18% of the country's GDP. As an agricultural goods manufacturing country, India is second in the world by farm output and plays a key role worldwide in this category.

 

In this scenario where food production and distribution has become at the top of the national and global priorities, an MBA in agriculture business management is also becoming increasingly an attractive course for the students to join in making meaningful contributions towards agribusiness and its allied sectors.

 

This article covers why an MBA in agribusiness management is inevitable, its career potential, and the key areas of the study and how programmes like Symbiosis College Pune MBA are preparing the students of today to work in these fields.

 

Why MBA in Agriculture Business Management?

 

Indian agriculture has undergone a transformation. In this regard, the intensification of globalisation and changes in consumer purchasing power significantly alter consumption patterns. Herein lies the opportunity to face challenges in the context of agribusiness compared to traditional agriculture. Broadly, agribusiness involves production, input supply, post-harvest processing, distribution, and access to markets.

 

Since they range from food production itself to a host of associated services like commodity trading, managing the supply chain, agricultural finance, and many other such services, an agribusiness industry is one that received an enormous importance post-globalisation.

 

Management programme in agribusiness management helps students get knowledge about the intricacies present in these areas and the strategic moves to enhance the agricultural value chain.

 

Agribusiness has emerged as a highly important component for the government and private sector along with international organisations due to its critical role in economic stability and food security. This has developed a need for trained professionals who understand both the agricultural aspects as well as the business and financial framework dominating the sector. The MBA in Agriculture Business Management would suit those planning to get into this industry, it encompasses technical knowledge with the application of core business skills.

 

Key topics involved in an MBA in Agribusiness Management:

 

An MBA in Agribusiness Management curriculum is so designed as to be able to equip individuals with profound knowledge of conventional business essentials and specific agriculture sector needs. Core courses generally would include management fundamentals such as Financial Management, Marketing Management, Organisational Behaviour, Human Resource Management, and Supply Chain Management.

 

Agribusiness programmes also include various special subjects based on the respective needs of the agricultural sector. These are a few of the important ones:

 

- Rural Marketing: Focusing on how one can penetrate rural markets that form the vast Indian market.

  

- Agricultural Finance: Discussing the finance principles relevant to agriculture, credit, loans, and investments in agricultural enterprises.

 

- Microfinance: Understanding the micro-financial services required in agriculture by small-scale farmers and the rural entrepreneur.

 

-  Export Potential Analysis of Agri-Commodity: Skill set to estimate and increase export opportunities in agriculture.

 

- Agricultural Supply Chain: Management of logistics and transportation from farm to market level of agricultural products.

 

- Agri-Input Marketing: Marketing of inputs such as fertilisers, seeds, and machinery that are required in modern agricultural farming.

 

- Cold Chain Management of Agri Products: Bringing in temperature-sensitive logistics in the preservation of agro-products.

 

- Agri Commodity Market: Facilitating students with trading, prices, and market analysis of different agro-commodities.