Date: 2024-09-27 Page is: DBtxt003.php txt00026628
THE US FOOD SECTOR
FOOD AND AGRICULTURE
Feeding-America-in-a-Time-of-Crisis ,,, fFTC staff report March 2024
FOOD AND AGRICULTURE
Feeding-America-in-a-Time-of-Crisis ,,, fFTC staff report March 2024
Original article: FTC-Feeding-America-in-a-Time-of-Crisis-26628.pdf
Peter Burgess COMMENTARY
FOOD us an essential eleement for our society, but it should also be delivered to people in a healthy, efficient and sustainable way.
More and more food is optimised for profit in the food chain more than it is optimised for the benefit of sonsumers
In theory the idea of a competitive marketplace is that an optimal balance between supply and demand works and optimises the way benefit or profit is shared.
But this does not happen in reality where there is more oligopolistic behavior than competitive behavior.
For the past 40 years in the USA ... essentially since Reagan ... oligopoli has been getting more common and hardly any part of the American economy has reasonably robust competition.
Peter Burgess
This is a 20 page report prepared by the Federal Trade Commission together with a further 45 pages in material in support of the short report.
The subject is the US Grocery Supply Chain disruption associated with tge COVID-10 pandemic
MORE TO COME