Agroindustry, that is, industry based on preserving and transforming agricultural raw material - accounts for more than half of manufacturing activity in the developing world and, in its traditional form, is one of the first steps on the road to industrialization. This book distills the experience of investors, managers, and researchers in the field. Among the topics discussed are: (a) steps in identifying, analyzing, and selecting the components of an agroindustrial enterprises; (b) information needed to assess the financial viability of the proposed enterprises; the analytical techniques that are most useful; the criteria to be used in financial analysis; capital requirements; and the systems that will ensure the best results; (c) management, administrative, and planning activities involved in establishing a successful enterprise; the relationship between this investment and national development policy; and the availability of incentives and protection for investments that contribute to development objectives. This book is primarily a guide for those who design or manage agroindustrial projects, but it may also be used in academic or professional training activities to teach the principles and methodology of agroindustrial project appraisal.