The possible merger of ADM and Bungee could decrease marketing outlets for farmers as the companies would combine operations.
Chad Hart of Iowa State University told DTN-The Progressive Farmer this week that, however, unlike mergers in the seed business, there still is a fair amount of competition in crop marketing. Hart says there are “plenty of marketing outlets” independent from ADM and Bungee. And, for the broader ag economy, Hart says such a combined company could result in improved efficiency in moving commodities from the farm to end users. The move won’t move grain prices, however.