Moving Beyond Consolidation: Building a Climate-Resilient Agricultural Economy
Industry consolidation and the rise of anti-competitive markets in agriculture, where a very few multinational companies dominate the market landscape, is not new in agriculture. But increasingly, more industry leaders are highlighting the threats of these trends to the climate resilience of agriculture.
Consolidation in agriculture has skyrocketed in recent years. According to the National Sustainable Agriculture Coalition:
Just four corporations are responsible for 65 percent of sales in the global agrochemicals market, 50 percent of the seed market, and 45 percent of farm equipment sales. In the United States, just four companies represent 73 percent of beef processing, 67 percent of pork processing, 54 percent of chicken processing, and 45 percent of the retail grocery market.
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