Agriculture And Agricultural Inputs Markets Essay

1108 Words Oct 27th, 2016 5 Pages
In earlier decades, one of the most evident modifications in U.S. agriculture has remained amongst agricultural input markets. The exceptional development in yields and agricultural efficiency has been possible due to biological innovations in crop seeds, advancement of hybrid crops in the early part of the 20th century, with implementation of high-yielding assortments and current biotechnology. Advancement of new types of pesticides and seeds has noticeably enriched agricultural yield (). Agricultural input markets have developed with family–owned and other small businesses relinquished their way to superior enterprises that assimilated in plant breeding, acclimatizing, assembly, marketing, and other functions. The progression in the industry was linked with rising market concentration in seed and chemicals supply, and other mergers and acquisitions additionally formed the industry. These dramatic changes have produced substantial concerns pertaining to market supremacy, authority on agriculture and the effects it causes in class hierarchy.().
In September 2016, two of the prevalent seed and chemical companies in the world, Bayer and Monsanto, announced their deal that accelerates the trend of consolidation in the global food industry by merging into one company. This merger is fueled by the need for increased research and development budgets. Agribusinesses are trying to develop crops that are resistant to climate change as temperatures around the world grow hotter and…

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