What is agribusiness really? By definition, agribusiness is the group of industries that is responsible for agricultural production and farming services. To simplify, 80% of agribusinesses today are classified as factory farms. Factory farms are necessary to agribusiness. They are necessary to the world, and government regulation is what makes them run smoothly. It is responsible for keeping prices low, preserving the environment amongst the farms, and for keeping Americans fed. Going off that, factory farming is the only way to continue to feed America. Or keep the world fed. Think of what you last ate. Did it include eggs, meat or dairy? Even if it did not, what are the odds that it was directly farm to table? These odds are considered minimal at best. 98% of America’s farm animals are raised on factory farms and 99% of America’s meat, eggs, and dairy originate there as well. That means that 80% of all sold agricultural products, …show more content…
For consumers: factory farming lowers the price of farm goods exponentially. Goods from small farms and farmers markets can cost near double in comparison to name brand items. The mass production lowers production, shipping, and packaging costs by 40%. Small farms cannot meet this quota and are edged out in the competitive markets. This benefits the larger economy as well. Meat, egg, and dairy consumption is at an all-time high in global history. This means the American agricultural market has been the most consistent market since the mid-1900s. Domestic agricultural trade is booming, increasing the flow of goods between regions. Factory farms are responsible for the boom, having the means of production and the numbers to sell goods at a national level. Furthermore, factory farms will typically reinvest their profits into local communities, revitalizing local economies as well. This system is the only one that could benefit consumers, big businesses and trade magnets