Just like Scott Bessent!
“Waves of mergers and acquisitions across food and agriculture have funneled power into the hands of a few dominant corporations. Their unchecked integration has hollowed out competition, giving them outsized control over how Americans farm, work, and eat,” it said on its website.
“This level of concentration means these corporations now reach into every link of the food supply chain—from inputs and equipment to processing, marketing, financing, and insurance,” it said. Economists generally warn that, when the combined market share of the four largest firms exceeds 40%, market abuses become more likely, it said (data collected in July 2024, U.S. market shares unless otherwise noted)."
