Silent Industry Soaring in the US -- Bakken Farmers Have Even More To Cheer About
Link here.
The boom times for US agriculture in 2011 have focused on soaring land and crop prices, bumper harvests and biofuels, but a recent deal has spotlighted a quiet industry that's booming: grain storage.
Agco, the world's third-largest farm equipment manufacturer, this week finalized its purchase of grain storage manufacturer GSI Holdings for $928 million.
Analysts estimate annual revenue of the global grain storage sector at $3.5 billion.
Some other data points:
- In recent years some big investors have begun playing in the grain storage business. Gavilon of Omaha, NE, has bought grain storage facilities from Oregon to Ontario ...
- US grain storage capacity has expanded 12 per cent since 2005, coinciding with the jump in ethanol.
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