Enterprise Expansion and Opportunities for Expansion in Agriculture

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Copyright: 2018
Pages: 14
Source title: Agricultural Finance and Opportunities for Investment and Expansion
Source Author(s)/Editor(s): Augustine Odinakachukwu Ejiogu (Imo State University, Nigeria)
DOI: 10.4018/978-1-5225-3059-6.ch005

Keywords: Accounting and Finance / Agricultural & Food Technologies / Business Science Reference / Environment & Agriculture

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Abstract

It has often been stated that the agricultural sector has the potential to provide the needed raw material for the manufacturing sector. It is pertinent to clearly identify this potential, interrogate why it still remains potential, and more importantly, suggest workable ways to sustainably and profitably exploit the potential as a going concern. This chapter is therefore designed to focus on enterprise expansion and opportunities for expansion in agriculture. The chapter is divided into the following sections: “Characteristics of Agriculture in Nigeria,” “Determinants of Youth Participation in Agriculture,” “Agricultural Enterprise Expansion and Agricultural Transformation,” “Enhancing Enterprise Expansion,” and “Opportunities in Agriculture.” The chapter concludes that for the potential of agriculture in an economy to be realized, the relevant stakeholders should know that business as usual is not an acceptable option; yield-increasing and enterprise-expansion-inducing strategies should be implemented in both the short and the long term. Recommendations are made to enable those engaged in agriculture to profit by it and increase in both output and in scale.

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