Wednesday, March 6, 2013

foodopoly

I think it's the name of a book.   Today it cam a bit more true.  Conagra, the company that owns Iowa, and much of the rest of the seed, grain, and food animal world to day bought the largest flour milling company in the country, name not important, you never heard of it, it's not a household name.
Now they own it from the seed, some of the chemicals poured on it, the grain market (futures and so on) all the way to turning it into flour, they even have their hands in some baking operations.
Consumers are going to pay the price thats guaranteed, but now with much of the seed/grain stream owned from end to end by one player, farmers may be facing the chicken shit model.  Chickens were once raised by all farmers, now almost none, instead Tyson and others own the chicks, deliver them to a farm, sell him the food, pick them up when they hit a target weight.  For his service, the farmer is paid what they want to pay him, ask for more, use another food, your toast.  The barn down the road gets the next load of chicks, you don't get shit.

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