The agriculture industry includes both farm commodities and food products. Farm commodities are usually sold in

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Farm commodities are typically sold in highly competitive markets due to the large number of producers and the relatively undifferentiated nature of products like wheat, corn, and soybeans. Food products, on the other hand, often involve more processing, branding, and differentiation, leading to monopolistically competitive or oligopolistic markets where a few companies can have significant market power.

The Agriculture Industry Includes Both Farm Commodities and Food Products