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: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
