“From seed to plate, our food system is now even more concentrated than our banking system. Most economic sectors have concentration ratios hovering around 40 percent, meaning that the top four firms in the industry control 40 percent of the market. Anything beyond this level is considered “highly concentrated,” where experts believe competition is severely threatened and market abuses are likely to occur.
“Many key agricultural markets like soybeans and beef exceed the 40 percent threshold, meaning the seeds and inputs that farmers need to grow our crops come from just a handful of companies. Ninety-three percent of soybeans and 80 percent of corn grown in the United States are under the control of just one company. Four companies control up to 90 percent of the global trade in grain. Today, three companies process more than 70 percent of beef in the U.S.; four companies dominate close to 60 percent of the pork and chicken markets.”