1H 2023 Agribusiness M&A Report

Farmers and ranchers have a lot to overcome. Farmers get one crop a year and a whole bunch of things must go correctly to turn a profit. Ranchers are subject to the whims of the weather and water. Raising poultry for eggs and meat involves lots of birds packed together with high vulnerability to everything from heat waves to any old virus that comes along. The world in 2022 and 1H23 threw everything it had at agriculture, creating hard times for farmers and higher prices for consumers. When the farmer suffers, everybody suffers. Supply chain issues, global weather events, plant diseases, and bird flu conspired against agriculture, plus the war between two powerhouse grain and fertilizer producers, Russia and Ukraine.