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US Government faces partial shutdown
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They should be maximising profits. Nothing unethical about having a better market knowledge than your suppliers.
The net effect on the consumer is probably zero but profits will be transferred from farmer to processor.
So the processor is dictating what price should be poaid for products?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Every market in every sector is rigged and in each case criminal activity has been shown to have taken place ... LIBOR, CDS, enrgy, stocks, commodities... the list goes on.
And in each case, after investigation and proven wrong-doing, those responsible (mainly banks) have escaped prosecution.
This is the reason we don't have a recovery and while these criminals think they are above the law are allowed to get away with what they please, we never will recover.
Total collapse, default, punishment for criminals and some sort of reset of the system is the only way out.0 -
grizzly1911 wrote: »So the processor is dictating what price should be poaid for products?
For a period, farmers don't know what other farmers have been charging the processors.
It means processors bargaining positions have been enhanced as farmers have to work harder to discover the price (by talking to other farmers or making bids to other processors). That's very different to the implication that processors are dictating prices.0 -
For a period, farmers don't know what other farmers have been charging the processors.
It means processors bargaining positions have been enhanced as farmers have to work harder to discover the price (by talking to other farmers or making bids to other processors). That's very different to the implication that processors are dictating prices.
The point is that processors are often effectively monopsonies (a monopoly for buyers rather than sellers) which makes price discovery very hard.
In the US, and indeed much of the West, the economy is effectively running on the fascist model with a very small number of private companies in most markets which are then regulated to create 'desirable' social and economic outcomes.0 -
This is effectively a general strike imposed on the United States by the Republican party. Now if it was Union based there would be outrage!0
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The point is that processors are often effectively monopsonies (a monopoly for buyers rather than sellers) which makes price discovery very hard.
Too right! The last thing you need is a supplier knowing what you pay another supplier.
In the UK we can account for nearly every penny that accompanies the price of a pint of milk or loaf of bread. Is that perfect price discovery or indicative of a monopoly?0 -
For a period, farmers don't know what other farmers have been charging the processors.
It means processors bargaining positions have been enhanced as farmers have to work harder to discover the price (by talking to other farmers or making bids to other processors). That's very different to the implication that processors are dictating prices.
So processors aren't dictating prices if they have the greater knowledge and economy of scale to "bully" individuals?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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grizzly1911 wrote: »So processors aren't dictating prices if they have the greater knowledge and economy of scale to "bully" individuals?
Correct.
All businesses seek to to maximise the the prices they charge and minimise the costs of raw materials - even farmers.0 -
Correct.
All businesses seek to to maximise the the prices they charge and minimise the costs of raw materials - even farmers.
That is fine when their is a cost to be minimised.
Depends if you work with suppliers or systematically destroy one after the other."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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