Rural transformation through agribusiness incubation
The evolving Asian experience
Agribusiness incubation (ABI) has emerged as a transformative strategy for revitalizing rural livelihoods, engaging youth in agriculture, and promoting sustainable technologies. This publication examines the pivotal role of ABIs in reshaping the agrifood system by providing essential support services and fostering collaboration among smallholder farmers and emerging entrepreneurs. As countries in the Asia Pacific implement diverse ABI models, the successful experiences from the Republic of Korea, India, the Philippines, and Viet Nam offer valuable lessons for addressing rural poverty, attracting youth, and mitigating climate change challenges. By analysing these case studies, this report aims to equip policymakers and stakeholders with insights to establish effective ABIs, thereby promoting inclusive agribusiness and driving rural transformation. Furthermore, the publication contributes to the growing literature on ABIs, underscoring their potential to revolutionize rural and agricultural sectors. Prioritizing the establishment and expansion of ABIs is crucial for fostering sustainable growth and resilience within these communities, ultimately paving the way for a more equitable and sustainable agrifood system.