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IL Farmers Union focus on competition concerns
Center~ Norbert Brauer
The recent Illinois Farmers Union convention focused on growing consolidation and concerns about competition in the U.S. ag industry.
IFU president Norbert Brauer tells Brownfield one of their speakers discussed the growing LACK of competition, “The corn market is pretty well concentrated at a level of about 80%. And the soybean marketplace controlled by just a few companies that control 70% of it. And the beef industry, I think there’s four companies that control about 84% of that. And hogs, roughly, 60% and chickens, roughly 55%.”
Brauer says the decline in competition is hurting family farmers. He pointed to ADM’s proposal to take over Bunge – as a particular concern in Illinois.
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