That's fair. I meant "cashed out". I was fighting in my head with using "sold the farm" but it reminded me too much of "bought the farm". I chose wrong...
I however didn't know why so many farmers sold. I know a lot sell because of the taxes when the parents/grandparents die and the kids/parents can't afford to pay the taxes. I don't know squat about the prices on ag or animals.
Edit - meant to add this - when I said "our people" I was talking about all the old individual people that owned the brands and sold them to Smithfield. The first 1 or 2 I get - they didn't see the big picture yet, but to continue to have other brands sell to them as well just creates a huge monopoly. Then China bought it and made it even worse.
That's fair. I meant "cashed out". I was fighting in my head with using "sold the farm" but it reminded me too much of "bought the farm". I chose wrong...
I however didn't know why so many farmers sold. I know a lot sell because of the taxes when the parents/grandparents die and the kids/parents can't afford to pay the taxes. I don't know squat about the prices on ag or animals.
Edit - meant to add this - when I said "our people" I was talking about all the old individual people that owned the brands and sold them to Smithfield. The first 1 or 2 I get - they didn't see the big picture yet, but to continue to have other brands sell to them as well just creates a huge monopoly. Then China bought it and made it even worse.