Big non-food companies suggesting the dismantling of the food system because it is also big is certainly a big idea, but it cannot be characterized as pragmatic, the result of impartial analysis, nor supportive of technological innovation.
Hypocritical Big Industry The Washington think tank “New America” has a new initiative aimed at dismantling the big agribusiness companies. The irony is that it is funded and overseen by some of the largest non-agriculture businesses in the world. Eric Schmidt, chairman of the monopolist Internet search engine Google (Alphabet), is a leader on New America’s board of directors as are corporate heads from McKinsey, the Soros family, IHS and others. Companies like IHS grew into...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
