Article Image

IPFS News Link • Agriculture

Farm bankruptcies shed new light on perils of Big Agriculture

• https://www.axios.com, Steve LeVine

But meanwhile, Petersen is at war with the big companies that he says are destroying the culture of smaller places like Clear Lake.

Show less
"We are going down the same road as the Russians with the collective farm system," he told me yesterday. "There, the government controlled it. Here, it's the corporations."
The big picture: While his is a dramatic rendering of the state of American agriculture, Petersen has a point: Across industries, the U.S. has become a country of monopolies.

Three companies control about 80% of mobile telecoms. Three have 95% of credit cards. Four have 70% of airline flights within the U.S. Google handles 60% of search. The list goes on. (h/t The Economist)

In agriculture, four companies control 66% of U.S. hogs slaughtered in 2015, 85% of the steer, and half the chickens, according to the Department of Agriculture. (h/t Open Markets Institute)


www.universityofreason.com/a/29887/KWADzukm