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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
Russia is a major agricultural producer with strong positions in the crops segment. It is the third largest wheat producer in the world and the largest barley and oats producer. The agricultural sector accounted for 4% of GDP in 2015 and its growth ...
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Agriculture is one of the backbone sectors of the Romanian economy. It accounts for 5.3% of GDP, but its share in employment is 29.3%. Agriculture is the largest sector in Romania in terms of employment. The monthly gross wages in the sector were ...
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The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural output of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed ...
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