Agribusiness Consulting Firms: What Do They Do?
The preceding decade has done nothing if not solidified agriculture as a volatile market. Changing oil markets, weather conditions and demand continue to make it hard for the farming industry to anticipate and supply consumer demand. Indeed, the very nature of today’s farm inputs (purchased vs. on-farm resources) means most agribusinesses remain tied to fluctuating market conditions that have nothing to do with farming at all. To reduce risks and add value to their productions, many ag businesses are turning more frequently to agribusiness consulting firms in order to secure information that can help them mitigate uncertainty and improve their bottom lines. Here’s a quick review of what agribusiness consulting firms offer:
Access
Above all else, agribusiness consulting firms supply information. They provide access to industry experts — themselves, customers, consumers, partners and other targeted contacts — who can contribute valuable data, opinions and suggestions for improving their clients’ products, services and/or business practices. In volatile industries, access to knowledge is critical for resiliency, enabling companies to pivot (or even abort) course when necessary.
Insight
Of course, access to information is only the starting point. Agribusiness consulting firms also deliver insight to their clients, assembling and rendering findings from any number of methods (i.e., focus groups, surveys, studies, market analyses, ground truthing, etc.) so that their clients gain a deeper understanding of their problems, opportunities and threats.
Solutions
With insight delivered, clients then work with an agribusiness consulting firm to develop a plan of action that addresses the issues learned. As a neutral and objective partner, a consultant is often able to pinpoint the steps a company needs to take in order to yield meaningful (read: “profitable”) change to its offerings and/or management practices. Too frequently, companies can’t see the forest for the trees, so to speak, and just need an unbiased review of the information in order to envision a workable solution to the problem/opportunity at hand.
Support
Finally, agribusiness consulting firms provide support, helping clients digest the details of knowledge gained and bracing them as they face and implement change. With their expertise and aid, companies have the tools they need to build more useful products and services, more effective policies and procedures and more healthy partner relationships.
Want to Learn More?
The agriculture industry is constantly changing. To keep abreast of burgeoning trends, technologies and demand, companies need reliable and timely information. An agribusiness consulting firm can supply it. Our team here at Ag Access, for instance, has over 20 years of experience helping our clients gather actionable insights and effectuate profitable change. Please contact us to learn how we could help you improve your own products and procedures and increase your ROI.
