Agribusiness has attracted the attention of many investors in the world. Millions of people across the globe depend on agriculture for food. Wheat is the main cereal that is produced for food in America’s is ranked third in the world in wheat production.50% of the wheat produced in the USA is exported. The wheat business is stable in the USA since it the main American diet. Wheat production is expected to rise in the country due to increased profitability that is harnessed from the business. The government increased subsidies that are provided to the farmers to promote production. The weather conditions in USA favor large-scale wheat production (Safa, Samarasinghe & Nejat 2015).
The research conducted by IBISWorld indicates that the market concentration of wheat in the American market is low. The topic on wheat production was chosen since one can yield a lot of profits if he or she ventures in it. There are 168,000 farms in the country, but the products are not sufficient for both consumption and export. The revenue that is generated by the top four farms accounts for less than 0.4 percent of the total revenue in wheat production. An investor needs to analyze wheat production in the world to gauge the productivity of the business(Safa, Samarasinghe & Nejat 2015).
Prediction of Wheat Production in the World by Exponential Growth Model
According to IBISWorld, the average revenue per in…
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