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Bowery, once a leading indoor farming company valued at $2.3B, shuts down (pitchbook.com)

submitted 3 weeks ago by [email protected] to c/technology

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[–] ikidd -1 points 3 weeks ago (2 children)

most farms are owned by massive corporations these days.

Utter nonsense.

https://www.usda.gov/media/blog/2020/01/23/look-americas-family-farms

[–] [email protected] 13 points 3 weeks ago

Those numbers can be quite skewed considering their definition of a "farm" is one that generates as little as $1000 in revenue per year, so anyone with a few chickens in their suburban backyard that sells eggs to their coworkers would fall under this definition. They even outline that 80% of these small family farmers have full-time jobs outside of farming. They also claim giant companies are "family owned" simply because a few family members control a majority stake. One could call Walmart or News Corp "family owned businesses" using this same definition and claim Walmart is a tiny portion of the retail space because there are 500k individuals selling keychains on Etsy versus their single company.

[–] Nalivai 4 points 3 weeks ago (1 children)

By your link, 90% of farms produce 21% of producs. So yeah, most farms are owned by corpos, if we apply the meaning correctly

[–] ikidd 0 points 3 weeks ago (1 children)

You aren't reading that correctly.

[–] Nalivai 2 points 3 weeks ago (1 children)

"Small family maps" correspond to almost 90% in the "number of farms" graph and 21% in "value of production" graph, how else can anyone read it?

[–] ikidd 1 points 3 weeks ago

Take family farms in total. A 3000ac farm run by 2 brothers is still a family farm that the kids are inheriting. Nobody here has a clue how farms in us and Canada work.