The report below gives a good overview of the Fall 2023 M&A activity in the Agriculture Industry Sector. According to a report published by the FAO and the OECD, a 1.1% annual growth is anticipated in the production of global agricultural output from 2023 to 2032, influenced by population shifts, geopolitical tensions, climate changes, and health challenges in agriculture. Global direct agricultural emissions are set to increase by 7.5% over the coming decade compared to the projected increase in agricultural production of 13%, with livestock accounting for 86% of these increased emissions. Despite these challenges, food consumption is forecasted to grow by 1.3% annually, indicating a larger portion of agricultural output will be used for food. Assuming advancements in plant breeding and a shift to more intensive farming methods, it is expected that 79% of the global crop production growth will come from increased yields, 15% from expanding cropland, and 6% from higher cropping intensity during the forecast period.
Posted by Dan Halvorson.