Sharks, or vultures?

Wake up, folks. It’s not just the oil companies getting rich off of our current economic misfortunes. The following comes from an article in the Wall Street Journal “Food-Price Rise Aids Companies Tied to Farming”. Quarterly profit reports and estimates for companies that support the grain industry are skyrocketing.

  • Archer-Daniels-Midland Co. – 3rd quarter profit up 42%, with a 7x increase in net income in its unit that stores, transports and trades grains.
  • Cargill Inc. – profit jumped 86%
  • Bunge Ltd. (fertilizer and grain transport) – 20x earnings increase
  • Monsanto Co. (seeds and herbicides) – quarterly profit more than doubled
  • Deere & Co. (tractors, combines and sprayers) – 55% increase in earnings
  • Mosaic Co. (fertilizer) – a 12x increase in net income


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One thought on “Sharks, or vultures?

  1. ravenchilde_art

    April 29, 2008 at 11:19pm

    If there were more people like that entrepreneur in Germany who’s close to getting 25% of the country converted to solar power, in ways that would benefit people and the environment top to bottom, and be cheap, I’d probably die from the shock. ^_~`

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