Francis Thicke - Corporate Agriculture Monopolies
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Uploaded by ThickeAgriculture on Sep 16, 2010
Francis Thicke talks about a growing problem in today's agriculture that reduces profits returned to farmers. It's the increasing concentration of market power in the hands of a few corporations. Economists tell us that when four corporations control 40 percent or more of a market, that market loses its competitive nature and begins to take on the characteristics of a monopoly. As of 2007, four corporations control 84 percent of the beef packer market; four corporations control 66 percent of the pork packer market; four corporations control 59 percent of the broiler market. The turkey, flour milling, seed, and other agricultural markets are similarly concentrated.
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