Big Picture Agriculture:
In the USDA’s December issue of Amber Waves, this topic is discussed under the title, “Rising Concentration in Agricultural Input Industries Influences New Farm Technologies“.
This article reports that concentration in several global agricultural
input industries has risen significantly, and that by 2009, the largest
four firms in the five input sectors of crop seed, agricultural
chemical, animal health, animal genetics/breeding, and farm machinery
accounted for more than 50 percent of global market sales in each
sector. Also, by 2009, the top eight firms in each of these five input
areas had 61 to 75 percent of the share of global market sales. Ongoing
mergers and acquisitions exacerbate this trend.
I guess my investments in agribusiness stocks haven't been a bad idea. If I'm paying on one side, maybe I can get a little back on the other side.
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