Corporate Control in Agriculture
A handful of corporations control our food from farm to fork. Their unbridled power grants them increasing political influence over the rules that govern our food system and allows them to manipulate the marketplace – pushing down the prices paid to family farmers and driving them out of business. For eaters, extreme consolidation leaves fewer choices in the grocery aisle and higher prices, while corporate-written policies are sparking growing food safety concerns and less transparency in the marketplace. In sum, our corporate controlled food system damages rural communities, local economies, public health and the soil and water needed to sustain food production. How much power do corporations wield? U.S. agriculture suffers from abnormally high levels of concentration, meaning just a handful of corporations control nearly all of our food production, processing, and distribution In a healthy economy, multiple firms can sell their goods to multiple buyers in an open, competitive market. Most sectors of the U.S. economy have concentration ratios around 40%, meaning that the top four firms in the industry control 40% of the market. If the concentration ratio is above 40%, economists believe competition is threatened and market abuses are more likely to occur: the higher the number, … Continue reading Corporate Control in Agriculture
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