Wednesday, December 30, 2009

Food Monopolies

A Credo petition:
For years, the Department of Justice has blindly looked the other way while merger after merger has consolidated market share and power in the food and agricultural markets into the hands of only a few giant multinational corporations.

Today only a handful of companies control our food supply:
  • 1 company (Monsanto) controls the seeds of 93% of soybeans and 80% of the corn grown in the U.S.2
  • 4 companies (Tyson, Cargill, Swift & National Beef Packing Co.) control 83% of the beef packing industry
  • 4 companies (Smithfield, Tyson, Swift & Cargill) control 66% of the pork packing industry

It's time to send a message to Washington and Wall Street, that the rights of farmers, citizens and consumers matter more than maintaining the already bloated bottom line of vertically integrated companies.

Sign here today to encourage the DOJ and USDA to enforce antitrust legislation, restore competition in agriculture and give farmers a chance.

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