What best defines agribusiness?

Agribusiness is best defined as large corporations that manage various agricultural processes, integrating production, processing, distribution, and marketing of agricultural products. This definition highlights the scale and complexity of operations involved in agribusiness, which often includes advanced technologies and extensive supply chain management.

The emphasis on corporate management signifies a shift from traditional farming practices, which typically involve smaller, family-owned farms that prioritize subsistence or localized markets. Agribusiness is characterized by its role in the global food system, focusing on efficiency, productivity, and profitability, often leading to the consolidation of farms and a significant influence on agricultural policy and practices.