What do you understand by Agriculture Value Chain? How it is different from supply chain for other products? Explain highlighting the importance of an Agricultural Value System Platform.
Value chain refers to the set of core activities and support functions, internal to a business entity, to create and deliver its goods or services. Value chain optimisation refers to optimising the value capturing activities and the internal processes/procedures to improve the efficiency of these individual firms.
Supply chain refers to the flow of raw materials or goods from source to point of consumption. Supply chain optimisation means managing and coordinating the chain of custody of the goods from supply side to demand.
An Agricultural Value System Platform is required, to facilitate and guide the development of modern supply chains that will be cross regional in nature and promote demand based trade in agricultural produce. Such platform will be in partnership with think-tanks, industry, academia, donor agencies and government. The agenda will be to promote commercial projects that will function as a market linked system or an integrated supply chain of agricultural produce. The outcome focus will be to enhance the value captured by farmers to lead to doubling of their income.
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