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by kurthr 1634 days ago
Big Ag in this case is meat packing. Perhaps you're referring to the largest cattle ranches as well? Demonstrably, profits are going only to the middle men while farmers margins are squeezing to 0 driving them out of business... that will eventually raise actual supply prices once only the largest few "most efficient" ranchers left, but then those prices will be entirely passed on to consumers not the processors/middle men.

So supply prices rise as production falls... to the monopoly maximum marginal profit extracted from the consumer, just as predicted!