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Smithfield cuts out the "middleman"
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Don Smith
Posted 12/30/2016 05:03 (#5731638 - in reply to #5731607)
Subject: RE: Smithfield cuts out the "middleman"



Centre county Pennsylvania, USA
Chinese (Smithfield owners) are very good at what they do, No reason why grain farmers can't be just as good, cut out the middle man and do our own grain merchandising. That's happening here in high basis land. Large grain farmers are rapidly becoming vertically integrated into the grain merchandising business, direct from field to end user.

Stil plenty of opportunity for non-farmer grain merchandisers, but wake-up call is ringing.
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