The Agribusiness industry is one of the largest and most diverse industries in the U.S. economy, attracting in recent years more corporate interest than at any other stage in U.S. history. It encompasses businesses that directly engage in or directly benefit in agriculautral activities, including agricultural producers and wholesalers, food manufactureers and wholesalers, as well as supplementary services such as crop and livestock support services, agricultural machinery manufacturing, and scientific consultants. In broader terms, the industry involves producing agricultural products (i.e. crops and livestock) and transforming them into consumable goods, focusing on the food-supply chain up to the point of retail sale.
The activity and presence of large multinational corporations in farming and agricultural businesses have skyrocketed. Because of mounting corporate involvement, businesses are vertically integrating across the supply chain, owning everything from farmland to processing plants to wholesaling and transportation operations.