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| Diddo here. Neighbors own large amounts of land and do just as much if not more than those boys they complain about in IL. Try to compete with a farming operation that has that much equity.
The good thing that always comes to mind when I think about large corporate farms is AIG (or any other corporate disaster) and other people's money.
AIG was running a risky business but the CEO did not care, all he saw was his fancy multi-million dollar salary - who cares about the bounus when you make millions a year. This puts the CEO in a position that causes him to take more risks - I already got a million in the bank from my salary, lets try to get that bonus by pushing the margins. At the end of the day he looses his job but has millions of other peoples' money. It is all fun and games when playing with other peoples money and it will be until the company eventually runs out of it's last dollar.
Besides, many states have anti-corporate farming laws on the books. | |
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Farm Consolidation. Trends and endpoints.
