IAB703


INTERNATIONAL AGRIBUSINESS

This unit will be available in Trimester 2, 2015

Content:

The twenty first century is set for a new and dynamic period in global agricultural production and trade as the world’s population grows and incomes increase dramatically. While a long term trend in food production and trade is self-evident it is less clear how this will occur and what forces will interact to determine the outcomes. Australian agriculture is well placed to take advantage of this expansion but it will not be a simple matter of relying on demand to provide benefits to Australia’s food and fibre industries. Agribusiness operators and managers (including farmers, value chain managers, financiers and bankers, accountants, lawyers, etc.) need to have a clear understanding of the dynamics of the global business environment if they are to reap the full benefits of these opportunities. Industry organisations and government departments will also need a comprehensive understanding of the international agribusiness environment if they are to formulate appropriate policies and strategies to assist their members and constituents. This unit examines the factors affecting global food demand and supply. It investigates the efforts being made by importing countries to meet their food demand requirements and of exporters to compete effectively in global food and fibre markets. The role of culture, politics, financial and monetary systems and global weather conditions on global food and fibre production and trade are all examined. A range of prediction tools and models are also assessed for their value in assisting agribusiness operators determine the appropriate strategies for their businesses. At the end of this unit students will have a clear understanding of the market, cultural, political and environmental intricacies of conducting business in the changing and volatile global business environment.

Learning outcomes:

TBC

Assessment:

TBC