On August 17, the privately owned agriculture giant Cargill made the second-biggest acquisition in its 150-year history.
But it didn’t purchase in the grain, meat, poultry, or any of the other traditionally lucrative sectors.
Nope. Cargill is betting that the next hot growth area in farming will come from the sea.
The company plunked down about $1.5 billion for the Norwegian salmon feed producer, EWOS AS. In July, Cargill announced another smaller, $30-million deal with Naturisa to build a shrimp feed facility in Ecuador.
It seems the world’s largest grain trader has suddenly transformed itself into one of the three top aqua-feed producers in the world.
Read the full story at Wall Street Daily >>
Read more about aquaculture >>