The agriculture industry is characterized by two bifurcated trends: a) Large scale consolidation with players who compete on volume and scale and b) Specialized, niche operations. Macro pressures include a growing global middle class that’s altering demand, declines in arable land, aging producers, and the pace of innovation.

Companies in this sector see M&A as a way to meet demand, secure supply chain, and increase their ability to pivot to changing conditions.

Areas of focus:

• Agricultural equipment and manufacturing
• Agricultural services
• AgTech
• Animal nutrition and health
• Food processing