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Agribusiness executives and government policymakers often praise the U.S. food system for producing abundant and affordable food. However, food costs are rising, and shoppers in many parts of the U.S. have limited access to fresh, healthy products. Corporate consolidation of the food system in the U.S. is making food less available or affordable. ....
Beginning in the 1980s, America's food supply started to undergo some serious changes. A few large agribusiness companies began gobbling up the little guys, which we were told would make [.] ....
Yves here. It’s not too hard to notice when the producer of a niche product you like gets gobbled up by Big Food and you hope nothing much will change. But that’s only one facet of the increased concentration in the industry. As this article explains, it has reached the pointe where some incumbents have pricing power. Even though this article focuses on the impact on rural and lower income households, one place where the effect is visible is in organic products, which sell at a 30% or greater premium to conventional versions. Yet I’m told organic food generally costs only 5-10% more to produce. And why should organic products placed out of the reach of lower income households? Shouldn’t they be able to afford food with fewer/no chemicals and additives? ....