1) Feed costs rose as much as 50% last year.
2) Feed represents about half the cost of raising a bird.
3) Poultry farms are beginning to close around the country.
The CEO of Pilgrim’s Pride, the world’s biggest poultry processor, says, “Our company and industry are struggling to cope with unprecedented increases in feed-ingredient costs this year due largely to the U.S. government’s ill-advised policy of providing generous federal subsidies to corn-based ethanol blenders.” [link]
The poultry industry isn’t alone. At SolveClimate, they’re asking, “In an age of peak oil, are we also reaching peak meat?”