a machine on the field

Spring 2023 | M&A Report In The Agriculture Industry Sector

By Dan Halvorson

June 05, 2023

The report below gives a good overview of the Spring 2023 M&A activity in the Agriculture Industry Sector. According to a report published by The Business Research Company, the global agriculture industry is estimated to grow from $12.2 trillion in 2022 to $13.4 trillion in 2023, showcasing a 9.4% growth year-on-year. The agricultural industry is also expected to touch the $19.0 trillion mark by 2027, at a CAGR of 9.1%, as per the same report. Due to its varied nature, the agricultural industry is influenced by a variety of factors, including climate change, technology, demographics, government policies, and global trade. A joint study by the OECD and FAO suggests that food prices started to decline in early 2023 due to the market turbulence coming out of the pandemic. However, despite the fall in prices, the operations of the food chain and input markets are struggling. Grain and oilseed exports have been particularly affected as Russia and Ukraine are among the major exporters. Apart from the supply chain disturbances, production itself around the globe has been affected by climate change. This has resulted in efforts towards creating sustainable agriculture by introducing novel farming methods, precision agriculture, and bioenergy & biomaterials. As per a report by AgFunder, $10.2 billion was raised globally by farm-tech companies, showcasing heavy cash influx toward sustainable agriculture. These sustainable farming methods may also help the agriculture industry meet growing food consumption demand in the future.

Posted by Dan Halvorson.

Read the Entire Spring 2023 Agriculture Report Here