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.
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...