Re:‘Less than half’ fresh produce sold globally makes any pr...
by lotsofpulp on Thursday September 21, 2023 @03:54AM
(#37594510)
Articles that do not reference profit margins are clickbait garbage. All of the above companies have sub 5% profit margins, for many years. If you think you can operate a successful business on even lower profit margins, good luck.
https://www.macrotrends.net/stocks/charts/TSN/tyson-foods/pr...
https://www.macrotrends.net/stocks/charts/JBSAY/jbs-sa/profi...
https://www.wsj.com/market-data/quotes/MRRTY/financials
https://www.macrotrends.net/stocks/charts/SEB/seaboard/profi...
In the last few decades, those entities have merged into megacorp regional and national monopolies. They are effectively fucking the farmer and the consumer.
https://time.com/6171326/meat-beef-industry-congress/
>Over the past three decades, as the largest four beef-packing firms have amassed control of 82% of the U.S. beef market
>Since 1980, an average of nearly 17,000 cattle ranchers have gone out of business each year, the report said.
>Meanwhile, some of the biggest meat-processing companies—Tyson, JBS, Marfrig, and Seaboard—have seen their gross profits increase by more than 120% collectively since before the pandemic, and their net income skyrocket 500%,
This also goes beyond the meat industry of course and extends into everything farming.