Merchant Firms and Overall Goals for Them
Hello,
Is the goal for a small or medium merchant firm to go upstream? If so, why don't all small to medium firms have upstream assets?
I understand the hurdle for energies and metals might be capital and regulations, but what about ag? I am not sure how easy it is to acquire farmland, but it can't be as difficult as buying a mine or well? Or am I mistaken?
Thanks!
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