Weathering the Storm: Investors Hunt for M&A Opportunities in Agriculture
The world appreciates American farmers. They not only feed the planet, but they sow the seeds for the rest of the industry, which includes animal feed providers, technology and chemical innovators, processors, distributors and ultimately retailers.
“As the population continues to grow, and as diets get more sophisticated and consumers consume more protein, there’s going to be a need for more yield and more products,” predicts John Mickelson, managing partner of Midwest Growth Partners, a West Des Moines, Iowa-based private equity firm focused on underserved rural markets. MGP currently owns 20 food and ag-related platform companies in its portfolio, including Jackrabbit Equipment, a California maker of nut harvesting gear, such as carts and elevators.