Global Food Systems & Agribusiness
As the world’s food demand is expected to increase by 70% by the year 2050, the Global Food and Agribusiness Industry is positioned for grand change and greater promise for profitability than any other time in the history of the industry. With natural resources constrained and even declining, the industry changes are being driven by increases in efficiencies from biotechnology, information technology, and globalization. Since 2004, global investments in the food-and-agribusiness sector have grown threefold, to more than $100 billion in 2013. Food-and- agribusiness companies on average have demonstrated higher total returns to shareholders (TRS) than many other sectors: the TRS of more than 100 publicly traded food-and- agribusiness companies around the world increased an average of 17 percent annually between 2004 and 2013, compared with 13 percent for energy and 10 percent for information technology. Thus the future of the Global Food System will require substantial investment in skilled managers, data analysis, and technology. Now more than ever, there is more interest and attention focused on this industry and the need for managers that are trained to lead in such a diversified and dynamic environment.
The Agribusiness Career Path within the Bachelors of Science in Business Administration degree will consist of a series of courses that will prepare students for employment in the Agribusiness Supply Chain. The Agribusiness supply begins at the farm, ends at the consumer plate, and encompasses all intermediaries in the food and fiber industries. The Agribusiness supply chain continues to be one of the fastest growing areas of the U.S. economy and employees the largest number of individuals worldwide.