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\hypersetup{pdftitle={Development Profile of Agribusiness in Armenia:  Prospects and Challenges},pdfauthor={Davit Alaverdyan, Kehinde Olagunju},pdfsubject={Tropentag 2016: Abstract},pdfkeywords={Agribusiness, Armenia, Chalanges , Prospects},pdfpagemode=None,colorlinks=true}
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\parbox[b]{13.4cm}{\centering \large{\textbf{Tropentag, September 18-21, 2016, Vienna, Austria}}\\[1ex] \Large{``Solidarity in a competing world ---\\fair use of resources''\\[2ex]}}
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\Large{\textbf{Development Profile of Agribusiness in Armenia:  Prospects and Challenges\footnote{\textbf{Contact Address:} Davit Alaverdyan, Szent Istvan University, Economics and Social Sciences, Pater Karoly 1, 2100~Godollo, Hungary, \mbox{e-mail}: \email{alaverdyandavid001@gmail.com}}\\[0.8ex]}}
\normalsize{\textsc{Davit Alaverdyan$^{1}$, Kehinde Olagunju$^{2}$}}
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\begin{itemize*}
\item[]{\small{\textit{$^{1}$Szent Istvan University, Economics and Social Sciences, Hungary}}}
\item[]{\small{\textit{$^{2}$Szent Istvan University, Inst. of Regional Economics and Rural Development, Hungary}}}
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\index[author]{Alaverdyan, Davit}
\index[author]{Olagunju, Kehinde}
\begin{center}
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\textbf{Abstract}
\begin{abstract}
\normalsize{
Over some past decades, Armenian government had formulated a number of policies and programmes to boost the overall performance of agribusiness, therefore, fostering the improvement in the contribution of agricultural to the Gross Domestic Product (GDP) of the country. However, various efforts at improving agricultural production, agro processing, agricultural marketing activities have not yielded appreciable dividend. Enormous investment in agribusiness potential of the country for generating higher growth in the economy have remained unlocked and unexploited in the agriculture due to a host of constraining factors that must be removed. Therefore, the paper profiled the development status, constraints and prospects of agribusiness while further proffered policy prescriptions to be implemented to remove them so as to fast track the attainment of rapid sustainable economic development in the country. The correlation analysis between the variables reviled negative relation between average household monthly income and number of years of farming experience. Moreover, there is no strong relation between size of the land and average household monthly income. The identified constraints included agricultural loans with very high interest rate, absence of sustainable market information and local markets, unavailability of information of improved varieties and so on. Policy direction for removing the constraints must include improvement in information flow, active participation of farmers in agricultural policy formulation, increased funding and efficiency in agricultural spending. Government must invest heavily in rural infrastructure and agro processing facilities, open a new opportunities for rural entrepreneurs while, such investment must ensure development of infrastructure in the rural areas.}

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\noindent \textbf{Keywords:} Agribusiness, Armenia, Chalanges , Prospects
\index[key]{Agribusiness}
\index[key]{Armenia}
\index[key]{Chalanges }
\index[key]{Prospects}
\end{document}
