Impact Analysis of Innovation in Agribusiness on Farm Economics: An Overview

Mariya Shilpa Ekka, R. Rajkumar and Ashish Timothy

Indian Journal of Agricultural Marketing, 2025, vol. 39, issue 1

Abstract: Innovation in agribusiness has emerged as a pivotal driver of transformation within the global farm economy. The integration of new technologies, practices, and business models is reshaping how agricultural production is organized, managed, and marketed. Key innovations include precision farming, biotechnology, digital platforms, and sustainable farming techniques, which are enhancing productivity, efficiency, and environmental sustainability. These advancements have enabled farmers to optimize resource use, reduce operational costs, and increase crop yields. Furthermore, innovation is fostering new market opportunities, enhancing supply chain resilience, and supporting the growth of agro-based industries. The impact on the farm economy is profound, with innovations driving higher income levels, reducing risk, and promoting long-term sustainability. However, challenges such as accessibility, affordability, and the digital divide remain, necessitating policy support to ensure inclusive growth and equitable benefits across all farming communities.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/400083/files/I ... Farm%20Economics.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:injagm:400083

DOI: 10.22004/ag.econ.400083

Access Statistics for this article

More articles in Indian Journal of Agricultural Marketing from Indian Society of Agricultural Marketing
Bibliographic data for series maintained by AgEcon Search ().