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comment by katakowsj
katakowsj  ·  925 days ago  ·  link  ·    ·  parent  ·  post: 'I can't get above water': how America's chicken giant Perdue controls farmers

This is horrible. If the reality of this farmer's plight is anything as reported here, they're getting totally jobbed. Sounds as though Perdue has found a way to legally wrangle folks in need into indentured servitude. "Hey farmer Joe, taking on $300,000 debt at age 50 to build a chicken raising system will be great stuff. We'll provide you all you need to continually supply us with a steady stream of income. We promise to keep you afloat just enough to remain indebted to us into perpetuity. Please sign below. "

user-inactivated  ·  925 days ago  ·  link  ·  

Sharecropping and company towns might be dead, but economic moral hazards are alive and well in the 21st century.