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IPFS News Link • Agriculture

Farmers Battered By Food Glut As COVID-19 Shifts How America Eats

• https://www.zerohedge.com, by Tyler Durden

With at least 95% of Americans under government-enforced stay-at-home public safety orders, restaurants have been forced to close. Only a few are providing curbside pickup, but even then, many Americans do not trust other people preparing their food. 

We've been documenting the state of the restaurant industry, on a state by state basis, now showing traffic is down 100% in nearly every state for the first seven days of April. 

Quarantines have forced Americans out of restaurants and into supermarkets over the last month, resulting in a massive food glut for farmers and food companies. Now the agricultural industry must reduce output as sales to restaurants collapse: 

"Farmers and food companies across the country are throttling back production as the virus creates chaos in the agricultural supply chain, erasing sales to restaurants, hotels and cafeterias despite grocery stores rushing to restock shelves. American producers stuck with vast quantities of food they cannot sell are dumping milk, throwing out chicken-hatching eggs and rendering pork bellies into lard instead of bacon," The Journal notes. 


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