2017 Summer - Consolidation and competition in agricultural markets

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FPJ1404D - Keogh, M (2017), The Effect of Consolidation in Australian Agriculture on Market Competition

FPJ1404D - Keogh, M (2017), The Effect of Consolidation in Australian Agriculture on Market Competition, in Farm Policy Journal, vol. 14, no. 4, Summer 2017, pp. 37-46, Surry Hills, Australia.

The business environment in which Australian farmers and agribusinesses currently operate would be almost unrecognisable to someone who operated a farm just a generation ago. Agricultural markets have been deregulated, infrastructure and services have been privatised, and farm input sectors and commodity markets have become more concentrated and globalised. Australian farmers now negotiate on an almost daily basis with multinational corporations for their farm inputs; are fully exposed to the whims of global markets and international currency exchange rates when it comes to marketing farm products, and manage this all against a backdrop of the lowest level of government subsidies of virtually any farmers on earth.

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