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by edgyquant
1829 days ago
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I doubt it’s just western farms. I’m from the Midwest, my mom grew up on a farm and she ended up selling that land, pretty much 90% of family owned farms went bankrupt in favor of corporate farms that benefit from economies of scale. I actually think it’s something like 95% of farms are now owned by corporations. |
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At that time (early/mid 90s),the western farms were the boogeyman post-nafta. It’s sad because IMO companies will be less efficient and have lower overheads than smaller operations in the long run. As more and more consolidation happens and competitive forces make way for cartels, the overheads of $2M/year CEOs and other corporate bs will start to impact prices and supply - but of course it will be too late.