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But they aren't selling processing tomatoes for commercial use (pizza sauce, ketchup, etc), they have a contract with a grocery chain for fresh consumer sales.
by jonknee 10y ago
But they aren't selling processing tomatoes for commercial use (pizza sauce, ketchup, etc), they have a contract with a grocery chain for fresh consumer sales. Amazingly enough it sounds like they ran the numbers before spending $200,000,000.
- mikekchar 10y agoI just figured they had government subsidies. But immediately after posting I decided that the price seemed wrong. There are some references to California producers accepting a contract for that amount, but I have to think it is an error. I can't find a single link for commodity prices of tomatoes. Maybe as you imply they aren't sold as commodities because the shelf life is too low.
- carterehsmith 10y agoDid they spend $200M of their own money? I mean, how much of that is government subsidies.