Will pay dirt slip through farmers' hands?

Fortune will continue to favour GrainCorp and Warrnambool Cheese - but international takeovers would pass rewards from farmers to managers and the supply chain.

The GrainCorp takeover bid from the US agricultural giant Archer Daniels Midland is suddenly becoming a wake-up call to farmers -- they are going to lose long-term market power.     

And that potential loss of power underlines the fact that in the last few decades a big proportion of the rewards from farming have shifted from growing crops to those providing transport, processing and retail services. 

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