There’s a new acronym in town. For years, we’ve heard about the growth potential in the BRIC countries: Brazil, Russia, India and China.
Now, a new set of countries is stealing the limelight. Mexico, Indonesia, Nigeria and Turkey (MINT) hold big potential for ag production and U.S. exports. Why?
“They all contain very young populations, are in geographically good locations and are commodity producers,” says Mark Lyons, vice president of corporate affairs for Alltech, a global animal nutrition and feed product company.
The MINT countries have many of the same dynamics as the BRICs, says Philippe de Lapérouse, director of global food and agribusiness practice for management consulting firm HighQuest Partners, based
in Danvers, Mass.
“We’re seeing the natural evolution of small stakeholder farmers to more sophisticated agricultural systems and a more urbanized population,” he explains. Beyond export potential, these countries could hold investment opportunities for top operators and ag businesses.
“These are the next countries we are looking toward for tremendous growth,” Lyons says. “Make sure you are in these places now. You want to go early, be relevant and understand these places.”