7 ms·
None of these companies is anywhere close to a monopoly on food. Cargill might be big at 100B+ revenue (global) per year but US food expenditures are 1.5T+ per
by calafrax 9y ago
None of these companies is anywhere close to a monopoly on food.
Cargill might be big at 100B+ revenue (global) per year but US food expenditures are 1.5T+ per year, so even a company as huge as Cargill is capturing < 10% of the US market. Hardly a monopoly.
https://www.ers.usda.gov/data-products/food-expenditures.aspx https://www.ers.usda.gov/data-products/food-expenditures.asp...