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...maximum potential on a farm of 200 acres with less than one-fifth of Benedict's investment in machinery, and a corn farmer in Indiana on a farm of 800 acres. This point is born out by the "postage stamp" farms of Italy which produce 50 per cent more than the average American farm...
Time's contempt for part-time farmers exemplifies its disdain for small, independent endeavors. In European countries, where part-timers make-up as much as 55 per cent of the farm population, the creative combination of working on the land and in small rural communities has enabled many people to maintain a cherished way of life...
According to Business Week, the four biggest tractor firms control over 80 per cent of the market. And William Shepard, in his book Market Power and Economic Welfare discovered that the four top firms in any given food product line control an average of 55 per cent of the market. And both the farmers' suppliers and buyers average profits three to four times greater than the farmers...
Time dicounts the importance of agribusiness, using USDA figures which indicate that corporations have only 2 per cent of U.S. farm sales. But the USDA does not include the corporate farmers like Del Monte and Tenneco who produce food for their own processors and packagers because they make no farm sales...
Another study that Time chose not to cite found in 1970 that 22 per cent of the U.S. food supply is produced by corporate farmers and by contract. The American Agriculture Marketing Association predicts that by 1985 corporations will control 75 per cent of our food supply in one of these two ways. And even the USDA admitted in a 1973 report that only cash grain and forage crops, and range livestock will be controlled by independent family farmers in 1985. Pat Benedict, a wheat farmer, is the exception, not the rule...