Lower crop prices and farm income together with pressure for new products are leading to a wave of consolidation in the ag sector. One of the little-discussed, major implications of this will be the effect on the K Street lobbying corridor in the nation’s capital.Lower crop prices and farm income after historic highs in several recent years together with pressure for new products are forcing agricultural input companies to look at creating a deeper pool of resources, and this is leading to a wave of consolidation in the ag sector. That was exemplified by the news this week that Bayer A.G. has successfully completed terms to acquire Monsanto. Bayer will pay $128 per share of Monsanto in cash and will assume its $10 billion in debt. This foll...