What is the difference between farm commodities and food products? How does the number of competing firms change as farm commodities are processed into food?

What will be an ideal response?

Farm commodities are those farm products that are grown on farms such as corn, wheat, soybeans, feed grains, and other cash crops. Fruits and vegetables would be included in the mix of farm products. In addition would be animals raised for food such as cattle, chickens, turkeys, and pigs. Food products are items sold in grocery stores or at restaurants. Food products are typically processed farm commodities. The number of competing firms tends to decline as farm products are transformed into food products for direct human consumption. There are many cattle ranches and crop farms, but there often are just a few processors of agricultural products who turn the farm commodities into food products.