Between 2021 and 2022, the food and beverage industry recorded more than $155 billion in profits, according to Forbes. Nestlé, the world’s largest food company, increased its gross profits last year by almost 3 percent to $46 billion.
logistics are certainly part of it, but not the crux. we produce way more food in the US than we consume, then we have laws against giving it away. https://time.com/4463449/food-waste-laws/
It’s a complex problem, but profit is not the issue. Plenty of parties are making WILD profits.
That’s just the point though. Food is only made profitable by pricing it high enough that half the world can’t afford it (by which I mean the global south)
Don’t forget farm subsidies, illegal labor in awful conditions, terrible animal treatment, externalizing climate damage from carbon burned during processing and transport, health damage from added sugars and hyper processed nut and seed oils, and I’m sure many other things I’m forgetting.
@sigfried complained it’s not profitable. that’s a lie.
your secondary concerns aren’t addressed by my response because it wasn’t the premise I was disagreeing with, it’s the lie that food production isn’t profitable. it is.
what a goofy thing to lie about. every restaurant and grocer in the world is just losing profits daily?
lol…Nope.
https://www.nytimes.com/2022/11/01/business/food-prices-profits.html
https://time.com/6269366/food-company-profits-make-groceries-expensive/
https://www.vox.com/money/23641875/food-grocery-inflation-prices-billionaires
Between 2021 and 2022, the food and beverage industry recorded more than $155 billion in profits, according to Forbes. Nestlé, the world’s largest food company, increased its gross profits last year by almost 3 percent to $46 billion.
https://civileats.com/2023/05/22/food-prices-are-still-high-what-role-do-corporate-profits-play/
logistics are certainly part of it, but not the crux. we produce way more food in the US than we consume, then we have laws against giving it away. https://time.com/4463449/food-waste-laws/
It’s a complex problem, but profit is not the issue. Plenty of parties are making WILD profits.
That’s just the point though. Food is only made profitable by pricing it high enough that half the world can’t afford it (by which I mean the global south)
Don’t forget farm subsidies, illegal labor in awful conditions, terrible animal treatment, externalizing climate damage from carbon burned during processing and transport, health damage from added sugars and hyper processed nut and seed oils, and I’m sure many other things I’m forgetting.
@sigfried complained it’s not profitable. that’s a lie.
your secondary concerns aren’t addressed by my response because it wasn’t the premise I was disagreeing with, it’s the lie that food production isn’t profitable. it is.
IT SHOULDN’T NEED TO BE.
These are separate arguments.
You put in all that effort into misunderstanding something.
put a bit more effort into not lying and I’ll leave it be.