Agribusiness

What is the main goal of Health, Safety & Environmental Management?

To keep workers, animals, food, and the environment safe.

Name 4 common agricultural hazards

Chemicals, heavy machinery, extreme heat, animals

Why is PPE (Personal Protective Equipment) important?

It protects the body from injury and chemical exposure.

What does liability insurance cover?

Injuries, accidents, and environmental damage the business causes.

What is an emergency response plan?

A step-by-step plan for fires, chemical spills, or severe weather.

Name the 4 types of agribusiness ownership.

Sole Proprietorship, Partnership, Cooperative, Corporation

What is a Cooperative?

A business owned and operated by its members (like farmers)

What is a SWOT analysis?

Strengths, Weaknesses, Opportunities, Threats

What are the 4 P’s of marketing?

Product, Price, Place, Promotion.

What is “value-added” marketing?

Turning raw products into higher-value ones (ex: milk → cheese)

What is a niche market?

A specialized group of buyers (ex: organic or local-only)

What does supply and demand affect?

Price and availability of products

What is an entrepreneur?

A person who starts and runs a business

Name 3 traits of a successful AFNR entrepreneur.

Hardworking, risk-taker, problem-solver

What is a balance sheet?

A report of what a business owns and owes.

What is a profit/loss statement?

Shows income compared to expenses

What does ROI stand for?

Return on Investment

Why is record-keeping important?

For budgeting, legal reasons, and tracking performance

What does sustainability mean?

Name a modern agribusiness technology.

Drones, GPS tractors, smart irrigation, AI monitoring.