RethinkX envisages an extremely rapid “death spiral” in the livestock industry. Only a few components, such as the milk proteins casein and whey, need to be produced through fermentation for profit margins across an entire sector to collapse. Dairy farming in the United States, it claims, will be “all but bankrupt by 2030”. It believes that the American beef industry’s revenues will fall by 90% by 2035.
Borden filed for bankruptcy yesterday, making the number two dairy producer in the United States insolvent. Number One, Dean Foods, filed two months ago.
Wisconsin Loses 818 Dairies in 2019, Largest Decline in State History