NEW YORK (CNNMoney) -- The United States is stepping in to help bail out another American industry -- chicken farmers and meat processors.
The nation's chicken industry is having a difficult year. Chicken producers are struggling with higher costs of running their business at the same time that consumers are buying less meat.
This has created a glut of chicken products in the market.
6 comments:
Sucks, but I guess it's a necessary evil. Cut back on production, and you end up with layoffs, and people losing their jobs.
lower the price of chicken. you may sell more chicken.
Chicken Companies are greedy. The Turkey Companies in this country have the right idea and stick to it,hence higher prices for their products and less "glut" on the market. Companies need to cut back production. A bailout for the Perdues of the world is wrong. A cut back on ethanol might help too huh? HEEEEELLLOOOO!
Another bailout for an industry that is motivated by greed. Gov't needs to bailout the middle class for a change!
Another reflection of narrower thinking; Without evaluating the total affect of lowering the cost of gasoline by diluting it with corn oil (some say ethanol) not only has our government sped up the deterioration of auto engines, it has raised the price of feed corn high enough to make chicken processing unprofitable. At least we're not taking the risks associated with drilling oil from the largest known oil reserves in the world.
I would much prefer super cheap chicken for the grill. Especially as I need to stock up on wings for football season.
9:07 "At least we're not taking the risks associated with drilling oil"
dodo, the US remains one of the worlds top oil producing nations. And the #1 oil importer. Doesn't commonsense tell you we probably can't drill our way out of this?
We'll be promised 2 chickens in every pot if we re-elect Barry.
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