Last week, several senators called on the USDA to stop giving federal trade-related farm aid to foreign-owned corporations, particularly Brazil’s JBS, the largest meatpacker in the world. This follows a bill by Congresswoman Rosa DeLauro, D-Conn., that would require USDA’s Agricultural Marketing Service to only purchase foods from American companies, when available.
Read MoreThe world is eating more farmed fish, and global grain traders intend to control the fish feeding business much as they control the feeding of other farm animals.
Read MoreIf you care about reducing pesticide use, promoting agricultural biodiversity, and supporting small farmers, then you should also care about who’s amassing agricultural data. That’s the message of a new report from a group of sustainable food policy experts, out last week.
Read MoreLast week, Congress passed the Agriculture Improvement Act of 2018, a.k.a, “the Farm Bill.” While Democrats managed to evade Republican efforts to add work requirements to SNAP benefits, this Farm Bill otherwise maintains a status quo that pushes farms to get big or get out, promotes exports over supply management, and benefits agribusiness interests.
Read MoreDid you know Nestle sells 80 percent of the world’s canned pumpkin? Or that cranberry cooperatives will destroy one-fourth of this year’s crop in order to maintain fair prices for farmers? Before you sit down to enjoy your Thanksgiving feast, come prepared with some monopoly facts for the family with this Food & Power turkey day reading list. We start the list with two “classic” articles on the monopolists at your table, one by our friend Chris Leonard, and one by Chelsea Harvey of the Washington Post:
Read MoreLast week, after the Trump administration struck a deal with Canada and Mexico to replace the North American Free Trade Agreement, the White House declared victory for US farmers, who gained greater access to Canadian dairy, egg, poultry, and wheat markets. Unfortunately, the new deal called the United States-Mexico-Canada Agreement, or USMCA, also includes lesser-known provisions that could allow agribusiness corporations to patent Mexico’s native corn varieties and challenge the country’s ban on genetically modified (GM) corn cultivation.
Read MoreLast year, the Nebraska Rural Response Hotline, which connects farmers and ranchers with legal, financial, and mental health services, set four monthly records for the number of new callers in financial distress. This spike reflects the broader hardship facing rural Americans in the midst of what some are calling the new farm crisis.
Read MoreOn Thursday, Bayer closed its $62.5 billion purchase of Monsanto. This comes roughly a week after the Department of Justice (DOJ) approved the merger, on the condition that the corporations sell off $9 billion worth of assets, including seed divisions, intellectual property, research projects, and more. Yet even after these divestitures, the combined entity will be the largest global seed and agrochemical corporation, and U.S. based field crop growers fear the power of the new combine.
Read MoreWhen Bayer first announced its plan to purchase Monsanto, most observers focused on how much power the two corporations already wield over agricultural inputs like seeds and pesticides. But Margrethe Vestager, the European Union’s top antitrust enforcer, appears also to be focusing on how much control a combined Bayer-Monsanto would have over the data generated from private farms.
Read MoreThere’s a battle happening in organic farming, and it’s not about labeling or the setting of standards. In May, the Organic Trade Association submitted a revised proposal to the U.S. Department of Agriculture to impose a special tax on organic farming. Called a “checkoff,” this tax would apply to all organic farmers, handlers of organic goods, and food processors with sales over a certain threshold. According to the proposal, money collected through the tax would be used for the promotion of organic products.
Read MoreIn July, the public learned that Goldman Sachs and several other large banks have morphed into giant merchants of physical goods, routinely shipping oil, running power plants, and amassing stocks of metals so large that Coca Cola accused them of hoarding. It was a disconcerting moment, as regulators realized that firms so recently known for their explosive mortgage-backed securities also deal in goods that can literally explode.But that was only half the story.
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