Modern agribusiness within the framework of society 5.0

Abstract

The domestic agribusiness sector has an important role in economic development and in economic growth. The goal of the paper is to analyze potential influencing factors on sustainable agribusiness. The research methodology included qualitative correlation and causation analysis, categorization and deduction. Datasets from credible sources were analyzed a Sustainable Agribusiness Trend Index (SATI) model was developed. Through analyzing the existing body of literature, analyzing previous and newest available data in the domain of agriculture and macro-economic indicators, as well through the developed SATI model, potential future trends in the domain of sustainable agribusiness are noted. Based on the results of the study it can be concluded that modern agribusiness requires a multi-aspect approach. Factors such as renewable water sources, human development index, GPD growth and many other present integral parts of sustainable agribusiness development.