Privatization of Agribusiness

Abstract

At present, national agribusiness corporations in many developing countries are being privatized because they have, in some cases, outlived their usefulness and have become a financial burden to the government. New farm input and food manufacturing and distribution technologies have been introduced by the nationalized agribusinesses. Having accomplished their intended goal, they have now become a financial burden to the government, whereas the private sector is viewed as a more efficient and reliable farm input and food manufacture and distribution entity. Further privatization support is provided by the global movement toward decentralized governments and the development of market economies. This movement has been bolstered by the dissolution of the former Soviet Union.