agribusiness

/ˈægriˌbɪznɪs/ noun PRODUCTION

Definition

› [U] the different types of businesses that are involved in farming, such as growing crops, supplying seeds, manufacturing farm equipment, and marketing farm products: Over half the nation’s land area is devoted to farming and approximately 16% of total employment is in agribusiness.

› [C or U] farming using modern equipment and methods, considered an important industry: The term “agribusiness” is sometimes used negatively by critics of large-scale, industrialized food production. → See also extensive agriculture, intensive agriculture

(Definition of agribusiness noun from the Cambridge Business English Dictionary © Cambridge University Press)