Every industry goes through periods of change and realignment in a free and open market. These changes are necessitated by mounting competition both here and abroad, forcing companies to either innovate or risk getting left behind. Agriculture is popularized in the American imagination as a traditional enterprise, seemingly unchanged as the world has rapidly digitized. The truth is that today's global ag-economy demands the same dynamism as the high-tech and manufacturing sectors. And it has evolved accordingly.
Because agriculture touches nearly every facet of our modern economy, our financial markets are inextricably tied to the continuation of the agricultural industry's health and wellbeing. As the rest of the world rapidly adopts innovations aimed at increasing crop yields and farm efficiencies, American agriculture stakeholders can and must fight to remain competitive in this environment. And we are now witnessing the beginning of another global shift to accelerate agricultural innovation as a means to increase agricultural outputs for U.S. farmers and ranchers.
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