In this industry talk, mostof the presenter are talking about agricultural entrepreneur. Before we discussabout the agriculture entrepreneur, we need to know what agriculture is and howagriculture mixed with entrepreneur.
What is agriculture?Agricultureis the cultivation and breeding of animals, plants and fungi for food, biofuel,medicinal plants, fibre and other products used to sustain and enhance human life.Agriculture was the key development in the human civilization which create foodfor human basic need——food. The study of agriculture is also known asagriculture science. The history of agriculture can go back to about thousandsof years and it is defined by different cultures, climate and technologies. Byusing the advance technologies such as plant breeding, agrochemicals likepesticides and fertilizers, it make sure the agriculture is sharply enhance.
The major agricultureproduct are divided into foods, fibre, fuels, and raw materials. For the food,it is including the cereals (grains), vegetables, fruits, oils, meats andspices. Fibre include wool, cotton, silk, hemp and flax and raw materialsinclude bamboo and lumber.
There are also some useful materials that producedby the plant such as dyes, resins, drugs, perfumes, ornamental product and alsobiofuels. There is about one third of the world’s worker that is related to theagriculture area, second only to the service area. Entrepreneur is a person whoorganizes and manages a business that is undertaking, and the person need toable to take the risk for the sake of profit. The person who starts andoperates a business is also call an entrepreneur. If we combine the word”agriculture” and also “entrepreneur”, it will become agriculture. Therefore,the meaning of “agriculture entrepreneur” is a person who operates a businessthat is related to agriculture. In this modern era, there are a lot ofagricultural students who starts to involve themselves into entrepreneurialactivities.
The Smith-Hughes Act of1917 (formally National VocationalEducation Act which provided federal funding for agricultural programs)required all students to have and entrepreneurship program, but usually theyweren’t called themselves an entrepreneur. They are some different names forthere early entrepreneurship programs such as Farming Program, Productive orProduction Entrepreneurs and Ownership. Today, the agriculture students areinvolved in many different types of entrepreneurial activities. The agricultureentrepreneurship is to operates and assumes financial risks in theentrepreneurial activities or agriculture business.
In this entrepreneurshipprograms, the entrepreneur own the materials and other required inputs andkeeps financial records to determine the return to investments.