Farmers or ranchers financially in in the next few years
How do you think farmers or ranchers will come out financially in in the next few years? What factors will positively and negatively influence farm financial performance on individual farms in the near future?
Sample Solution
Almost every step of America`s food supply chain has grown more concentrated in the past few decades. From manufacturers of agricultural inputs such as pesticides and equipment to commodity buyers and meat processors, growing corporate power has left relatively small farms and ranches vulnerable to exploitation at the hands of the oligopolies with which they do business. Recent mergers and acquisitions continue the relentless trend toward increasing corporate concentration across many agricultural markets. While a wide range of economic forces – from volatile international trade relations to climate change to technological upheaval – put economic pressure on America`s farmers, the impact of monopoly can no longer be ignored.
