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Agribusiness and Sustainability Models
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Triple Bottom Line (TBL)
The TBL framework expands the focus beyond financial gains to include social and environmental responsibilities. By placing equal importance on profit, people, and the planet, agribusinesses can make decisions that lead to sustainable outcomes.
Industrial Symbiosis
In industrial symbiosis, wastes or by-products of one process in agribusiness become the input for another. This model fosters links between businesses, leading to more resource-efficient and cost-effective processes.
The Ecological Footprint Model
This model measures the amount of land and water area a population requires to produce the resources it consumes and to absorb its waste. Sustainability-oriented agribusinesses can use this to gauge the impact of their operations and strive for ecological balance.
Environmental Economics
Environmental Economics incorporates external costs such as environmental degradation or resource depletion into the pricing of goods and services. Agribusinesses adopting this model are incentivized to reduce their ecological footprint.
Regenerative Agriculture
Regenerative agriculture goes beyond sustaining to actively improving ecosystems. This includes practices like crop rotation, reduced tillage, and agroforestry, leading to improved soil health and carbon sequestration in agribusiness operations.
Natural Capitalism
Natural capitalism involves the agricultural sector recognizing and incorporating the value of ecosystem services into its operational model. By conserving and enhancing natural capital, agribusinesses contribute to sustainability.
Circular Economy Model
This model promotes minimal waste and the continual use of resources by cycling products and materials. Agribusinesses can implement this by reusing waste as raw material for other processes or products, thus reducing environmental impact.
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