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Too Big to Fail Strikes Agriculture

Too Big to Fail Strikes Agriculture

In a press release issued by the Organization for Competitive Markets titled "Too Big to Fail Strikes Agriculture," the organization states its belief that huge craters have been left in the economy due to concentration of market power into a few large corporations rather than evenly distributed. Now, this principle of "too big to fail" is affecting the agriculture industry. The press release cited various major agriculture corporations such as Eastern Livestock LLC that collapsed. This particular company handled an estimated one third of the country's cattle. Grain Inspection Packers & Stockyards Agency (GIPSA) tries to regulate large ag corporations like Eastern but their power is limited. If GIPSA is successful in implementing new rules, the entire industry could change. The release quotes David A. Domina saying "Too big to fail is simply not working." To view the entire press release, click here.

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