1. What are some of the problems facing cattle ranchers?
- Cattle ranchers face a lot of economic problems. "Ranchers currently face a host of economic problems: rising land prices, stagnant beef prices, oversupplies of cattle, increased shipments of live cattle from Canada and Mexico, development pressures, inheritance taxes, health scares about beef." (pg. 186)
2. What impact has the consolidation of the meat packing industry had on cattle ranchers?
- The growth of fast food chains has the consolidation of the meat packing industry. "On top of all that, the growth of the fast food chains has encouraged consolidation in the meatpacking industry." (pg. 186) For example, "McDonald's is the nation's largest purchaser of beef." (pg.186)
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