| ▲ | Animats 5 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Much of this is an antitrust problem. The inputs to farming, especially seeds, fertilizer and machinery, are controlled by monopolies and near-monopolies. There have been too many mergers. On the sell side, there's monopsony or near-monopsony, with very few big buyers.[1] Farmers are caught in the middle, with little pricing power on either side. There's not much question about this. There are antitrust cases, but with weak penalties and weak enforcement. [1] https://equitablegrowth.org/competitive-edge-big-ags-monopso... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | cik 5 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No, much of this is a political issue. America wants food standards that are different from many trading partners; fair enough. But it makes it impossible to export many farm goods as a result. This is outside of the current political climate, and has been going on for ages. It's just coming it a head now. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | alecco 34 minutes ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Yes, and they equipment size keeps becoming bigger and more expensive, making it harder to afford for smaller farms. Meanwhile, China is disrupting this by building small and affordable farm equipment for the rest of the world, thus lowering international prices. Also new technology is helping previously nonviable soil to be useful. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||