Using data-focused underwriting principles, FarmTogether provides investors fractional ownership of agricultural land that’s then leased out to farmers.
After some lean years for agricultural machinery sales, farmers are “buying equipment again to replenish aging fleet."
The deal continues the wave of consolidation in agribusiness, pairing Bayer's strength in crop chemicals with Monsanto's portfolio of seed products.
The agricultural equipment giant benefited from its rigorous cost-cutting as the farm spending slump continued to bite into sales.
The fertilizer company says the U.S. crackdown on tax inversions had reduced the benefits of its proposed merger with OCI NV.
HC2 Holdings' unsolicited $37-a-share bid "significantly understates the company's true value," Andersons' chairman says.
"There are signs of growing credit risk, particularly among loans related to energy and agriculture,” said the FDIC's chairman.
