Small farmers should choose alternative enterprises based on their farms' natural, physical, financial, and human resources. Agribusiness Is the Business Sector That Encompasses Farming and Related Commercial Activities, Such as Agricultural Machinery, Livestock, and Forestry.First you need to start educating yourself about what that goal actually entails. An AOFB must be on a "farm. " A business not located on a "farm" is not an AOFB. This Folio Chapter discusses the definition of farming for income tax purposes. When starting an agricultural business one of your first decisions should be, what am I passionate about? Millennium Development. Without water there would be no local business or industry. I would recommend learning about farming and specifically the crop(s) you want to grow.