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“Done the grain thing successfully” seems like an odd statement. I don’t know how successful we were at a secure supply chain for grain before national markets
by sailfast 8y ago
“Done the grain thing successfully” seems like an odd statement. I don’t know how successful we were at a secure supply chain for grain before national markets were established, but then again we also didn’t have the technology to enable anything but more local markets until the railroad crossed America.
As for competition internationally and “big fish” - I’d say that some of this is due to economies of scale in agriculture especially as automation reduces labor required per acre - but this is also other asymmetries and market factors. State subsidies is one huge factor that incentivizes owning land that doesn’t even produce. Further, as farmers retire their kids want less and less to do with ag and sell the land to bigger companies (or maybe to a housing developer).
I’m not saying “the market” is perfect but it didn’t necessarily get this way by accident either. It serves an important function across the board for all parties involved - including consumers.