Examining the Biggest Trends in the Agribusiness in 2016

Jan 19, 2017 by

Examining the Biggest Trends in the Agribusiness in 2016

The world’s population depends on the agricultural sector for food security. However, some individuals and companies depend on agriculture as their primary source of income. The agriculture business has experienced tremendous changes over the years as producers respond to new global trends and an increasing demand for food. Some of the biggest trends in the sector are discussed below.

Big Data

Data analytics has become popular in all sectors, including agriculture. Many business owners are choosing to enroll in an online MBA program, as most certified online MBA programs provide the tools necessary to collect and analyze big data in their businesses.

Producers and suppliers in the agricultural sector use big data to determine the best products to supply. As the world’s population gains more knowledge about healthy foods, its food choices are changing. Consequently, producers have to adjust their farming practices to suit their clients’ preferences. Data analytics helps producers keep track of changes in preferences.

Technology

Modern technology is now part of agriculture. Producers have adopted new farming technologies to meet the rising demand for food. Technology is also used to record and analyze the production process. Producers increase their efficiency and speed in supplying food products to the market with current technology. Suppliers, on the other hand, use technology to eliminate unnecessary delays and failures in their supply chains. Modern technology has also enabled consumers to order for fresh produce online and receive it at their doorstep. Social platforms have linked producers to new consumers and suppliers.

Regulations

The increasing demand for food in the world has attracted new players in the agriculture business. At the same time, many governments have introduced stringent new measures to ensure that consumers get safe and quality products from producers. New regulations in the industry are a burden to farmers. Farmers are expected to track the source and contents of their inputs. In addition, some countries have raised the minimum standards for their imports.

Demographic Changes

The world population is expected to increase to 9 billion by 2050. An increase in population leads to an increase in the demand for food. However, the projected increase in the demand for food is higher than the expected increase in the global population. The population will grow by 18% while the demand will increase by 35%. Another demographic change that will affect the agriculture business is the increase in the purchasing power of the middle class. The change in their buying power will influence their food choices, which will in turn influence farming practices.

Urbanization

More than half of the global population lives in urban areas. The number of people living in cities is expected to double in the coming years. An online MBA equips players in the agricultural sector with statistics that have a significant impact on their processes and operations. Producers and suppliers have been adjusting their distribution channels to meet the rising demand for food in urban areas. Farmers have also adopted new methods of farming that suit urban areas. For instance, hydroponics has become popular among urban farmers.

Final Words

Global changes such as new technologies, increased urbanization, and the increase in the world’s population have had a significant effect on the agriculture business. Players in the sector have to adjust their processes and practices to remain competitive and relevant. The rising demand for food has caused most of the new trends in agriculture.

read more

Related Posts

Tags

Share This

Top Alternative Ways to Raise Capital for Business Expansion

Jan 19, 2017 by

Top Alternative Ways to Raise Capital for Business Expansion

Looking to finance your business expansion without going to the bank? Capital for growth or renovation can be hard to acquire without assistance from institutions, which is why it’s important to your lender wisely before even applying for a loan.

In this article, we will discuss the top alternative ways to raise capital for your business expansion. Chances are you will use a combination of two or these, but for most small businesses, one lender is enough.

read more

Related Posts

Tags

Share This

Devices to Make Your Life Easier in the Office

Jan 15, 2017 by

Devices to Make Your Life Easier in the Office

Office life can be varied and busy, but some tasks are repetitive or stressful. Fortunately, there are a number of innovative gadgets on the market that improve productivity while reducing stress on the mind and body. Here are five devices that will make your life easier in the office:

read more

Related Posts

Share This

Getting to Know the Two Types of Payroll Tax

Dec 16, 2016 by

Getting to Know the Two Types of Payroll Tax

When you receive your paycheck, there are actually two types of payroll tax included in the paystub. The first type is known as the withholding tax, a portion of the payroll tax taken directly from your salary. This payroll tax is often referred to as the pay-as-you-go tax, according to studies complied by the Villanova University Master of Science in Analytics program.

The second portion of the payroll tax doesn’t always appear on the paystub since it is paid by the company directly. Companies are obliged to pay taxes on the salary they pay out to cover things such as social welfare programs, worker’s compensation programs and other expenses. While the amount may not appear on your paystub, it is actually part of the company’s compensation package.

read more

Related Posts

Tags

Share This

Developing a Result Driven Email Marketing Campaign

Oct 13, 2016 by

Developing a Result Driven Email Marketing Campaign

Crafting a single brilliant marketing email is fairly easy and straightforward; however, developing a result driven email marketing campaign can be somewhat of a challenge. Designed to cover all the basis, marketing to both leads and established customers, it is more than a simple outline of your goals.

Varying Aspects of Successful Email Marketing

Your strategy will also provide the steps needed to achieve your goals. A time consuming process, it it’s important to start simple- as in a crawl before walking manner; this allows small business owners to efficiently track the success of varying aspects within their campaigns.

read more

Related Posts

Tags

Share This

How to Obtain Funding for Your Social Work Practice

Sep 17, 2016 by

How to Obtain Funding for Your Social Work Practice

So you’ve gone to a reputable school like Rutgers University to enroll in their online MSW program, and you’ve finally received your masters of social work online to become qualified and ready to work in the exciting field of social work. But after receiving your licensure from your state and getting some real world experience in the field by getting hired by other employers, maybe you’re ready to start your own social work practice. If that’s the case, keep reading to learn about how you can go about obtaining the right funding to get started.

read more

Related Posts

Tags

Share This

Arc Flash Training and Electrical Safety

Sep 8, 2016 by

Arc Flash Training and Electrical Safety

OSHA standard 29CFR1910 Section 332 says that employees facing higher than normal electrical exposure risk must receive arc blast awareness and arch flash, or flashover, training. Companies must comply with OSHA law, and failure to achieve compliance may result in the assessment of penalties and fines to the employer firm. More importantly, training is intended to protect employees who work with electrical elements to prevent serious injuries or death.

Safety training is typically presented around NFPA (70E: Standard for Electrical Safety) and OSHA’s regulation 29CFR1910, Subpart S. Training should explain federal regulations in place to protect workers and ensure their safety as well as the history of electrical safety. Trainers should stress the many benefits of accident prevent and the potential consequences of working without the OSHA regulations in mind.

arcflash-labels

Reasons to Train Personnel

Employers with construction personnel or skilled maintenance workers who interact with live electrical circuitry should receive electrical safety training. This training should assist workers in gaining increased awareness of potential arc flash dangers. Arc flash training is essential.

Many employers report that electrical safety training can be accomplished by employees in just a few hours. That said, it’s important for employees who work with electrical circuitry to take the time necessary to understand the essential safety standards put forth by OSHA and the National Electrical Code.

OSHA and NFPA Laws Regarding Electric Safety

NFPA 70 of the National Electrical Code has long been considered the standard for electrical equipment installation in the U.S. All licensed electricians learn about the law and most study it in trade school or in an apprenticeship. There’s no grey area about electrical installation issues. It’s either done to NFPA standard or not.

Conversely, Section E of NFPA 70 (Standard for Electrical Safety in the Workplace) isn’t as widely accepted as “code,” although OSHA states that businesses and their workers must comply with electric safety standards put forth in it.

Perhaps some skilled electricians who acquired their skills before Section E was passed into law resist embracing it. As tempting as it may be for experienced construction or maintenance staff to pass off the law because he or she hasn’t had an accident yet, it’s important for employers to present and train all staff in the law. Failing to do so can have serious physical and financial consequences to workers and employers.

training2

Supervisors of these staff must insist on keeping and following safety rules as dictated under NFPA 70E. Training is one of the most time and cost-efficient ways to reinforce the law and the rules associated with it.

Electrical Safety and Awareness Training

OSHA clearly details the dangers and risks associated with arc flash. Training employees in OSHA and NFPA law can be addressed separately or as part of a larger educational program that addresses each employer’s needs.

Some firms offer online safety training modules as well as classroom and hands-on instruction. Obviously, online training allows the employee to study and grasp the law at his or her own pace. Online training can also serve as a refresher or reference tool for the employee to access at any time.

Any staff in contact with electric current or circuits should be trained to understand both arc blast and arc flash risks. Some employers include all staff in electrical safety training. Increasing staff’s safety awareness is positive for all involved.

Equipment Labeling and Arc Flash Analysis

NFPA 70E also says that the employer’s electrical equipment must be properly labeled and regularly assessed. All electrical equipment in use other than in personal dwelling spaces must be properly marked with arc flash warning labels according to requirements established by NFPA 70E (2012).

Although labeling equipment under the law can’t prevent an arc event at an employer firm, doing so provides workers with the information necessary to protect or lessen the potential for injuries should an arc event occur.

Article 130.5 also details the importance of arc flash hazard analysis and “personal protective equipment” used by workers in the arc flash boundary.

Employers need an expert independent evaluator to perform analysis and power system studies on a regular basis as required by law.

NFPA 70E compliance is an ongoing requirement for employers. Engaging experts with electric power systems and safety experience is a must to keep business operations running smoothly and without safety incidents.

read more

Related Posts

Share This