Across the major tropical tree crops which are the core focus of Agronomy Capital Advisors, there are wide differences in the marginal profitability at the key links of the value chain. The palm oil value chain is characterised by exceptional profitability at the upstream plantation level, while the cocoa and coconut value chains are notable for increasing value addition, and marginal returns at the consumer end of the value chain. For existing and new actors in the agribusiness sector, the choice of value chain position is central to funding requirement and financial return expectations.