Companies in this industry sector grow crops, raise or fatten animals for animal products, and grow and harvest timber. Major crop production companies include US-based Dole Food and Fresh Del Monte Produce; and Amaggi Exportação e Importação (Brazil) and Total Produce (Ireland). Major animal production companies include Brasil Foods (Brazil), Perdue Farms (US), Dairy Farmers of America, JBS (Brazil), DMK Group (Germany), WH Group (China), and Danish Crown (Denmark). Major timber operations include US-based Sierra Pacific and Weyerhaeuser, as well as Stora Enso (Finland) and Resolute Forest Products (Canada).
Demand is driven by government agricultural policy programs, food consumption trends, and lumber demand. Profitability depends on efficient operations. Large companies have advantages in vertically integrated operations and economies of scale in purchasing and marketing. Small operations can compete effectively by supplying local markets, specializing in heirloom or organic crops or those that have not been genetically modified (GM), or raising animals in less restrictive environments on hormone-free diets.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major crops include sugarcane, corn, rice, wheat, and fruits and nuts. Pigs are the most valuable animal product, followed by dairy animals, sheep, goat, cattle, and poultry.