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The big problem for farmers is they have to sell to distributors/processors. Supermarkets don't want to deal with 100 different farmers per produce item. In th
by delfinom 3y ago
The big problem for farmers is they have to sell to distributors/processors. Supermarkets don't want to deal with 100 different farmers per produce item.
In the last few decades, those entities have merged into megacorp regional and national monopolies. They are effectively fucking the farmer and the consumer.
https://time.com/6171326/meat-beef-industry-congress/ https://time.com/6171326/meat-beef-industry-congress/
>Over the past three decades, as the largest four beef-packing firms have amassed control of 82% of the U.S. beef market
>Since 1980, an average of nearly 17,000 cattle ranchers have gone out of business each year, the report said.
>Meanwhile, some of the biggest meat-processing companies—Tyson, JBS, Marfrig, and Seaboard—have seen their gross profits increase by more than 120% collectively since before the pandemic, and their net income skyrocket 500%,
This also goes beyond the meat industry of course and extends into everything farming.
- lotsofpulp 3y agoArticles that do not reference profit margins are clickbait garbage. All of the above companies have sub 5% profit margins, for many years. If you think you can operate a successful business on even lower profit margins, good luck. https://www.macrotrends.net/stocks/charts/TSN/tyson-foods/profit-margins https://www.macrotrends.net/stocks/charts/TSN/tyson-foods/pr... https://www.macrotrends.net/stocks/charts/JBSAY/jbs-sa/profit-margins https://www.macrotrends.net/stocks/charts/JBSAY/jbs-sa/profi... https://www.wsj.com/market-data/quotes/MRRTY/financials https://www.wsj.com/market-data/quotes/MRRTY/financials https://www.macrotrends.net/stocks/charts/SEB/seaboard/profit-margins https://www.macrotrends.net/stocks/charts/SEB/seaboard/profi...