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where. However, we do not now have the precise infromatlon needed to determine the extent of large-scale corporate activity In farming. This Is the reason for the special ERS study on corporate farming," he said.
Expressing his “deep concern” over Increasing movement by non-farm corporations Into the agricultural field, the Secretary said such large, diversified corporations could afford to take heavy losses in their farm operations, writing them off In other business activities. “In periods of overproduction," the Secretary said, “financial reserves built upfrom non-farm activities could allow such corporations to farm on very narrow profit margins or at a loss, posing a serious and perhaps fatal threat tc family operated farms. “Obviously this is detrimental to farmers,” he continued. “It Is also not in the public interest, in my opinion. If a few large firms can gain control of the Nation’s food production, operating their own supply-management programs, they could conceivably dictate food prices." Mr. Freeman stressed that the Department does not oppose incorporation of farms per se. On the contrary, incorporation has definite advantages for some family farms, particularly in reduc
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