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Theta_Ome t1_ixyto2w wrote

Crops are fine, LNG is a component of fertilizer and it’s affecting its price and availability.

Meat producers got in trouble for decades of price fixing through Covid, they have about two years of meat production stacked in freezers to keep prices where they are. They’re releasing the strategic poultry reserve because the government said ‘how does prison sound?’

If you follow those long term farms, you’ll notice huge sections of farmland being bought in new places in the U.S. and fully mature trees can and would be transplanted if their only issue is water in their current location.

Countries now recognize the power of food in populations and the correlation/causation between food insecurity and overthrown government.

More important is - more than half of farmers are retiring in the next few years and were surveyed saying they didn’t have anyone to pass the work onto.

Anyone seen any kids growing up this generation wanting to be tomato or pig farmers? Me neither…

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brownhotdogwater t1_ixzuoqh wrote

Long days on a farm you don’t own for a shit pay. Yep, sounds like a dream job…

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bignewsforyou t1_iy263d5 wrote

Can you validate your second statement? I’m a commodity trader on the fresh and frozen protein market and I’ve never seen the statistic about the two year frozen meat reserve held by the packers?

If anything, the packers are selling at a loss to prevent having to go to a freezer.

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Theta_Ome t1_iy2fluu wrote

It wasn’t common knowledge exactly but it leaked when this (and many other) cases came out. This was so systemic that people got sloppy as they do. There’s more to it than just this link, and I have no doubt there was some effort to squash those leaks. But the did try to initially claim that they couldn’t possibly be price fixing with artificially created shortfalls in slaughter - since they had two years frozen in massive storage facilities.

The amount of fraud that has been found in commodities last couple years is insane.

It relates to this but it was every single one of the big ones, beef and chicken, I think pork was not in it but I’m not sure. https://www.reuters.com/legal/litigation/jbs-reaches-icebreaker-settlement-beef-price-fixing-claims-2022-02-02/ Specifically U.S. but no doubt it affected global chains

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Doyoufeelme101 OP t1_iy4v4lo wrote

Very true! Nobody wants to do the hard work. Things will get tough in the future!

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