No, no. This is about corporate profits, not about advantages to consumers at the disadvantage of farmers. What is taken out of the hide of family farmers in collapsed prices doesn't go into the pockets of consumers through cheaper bread prices. Take a look at the price of a loaf of bread when the price of wheat peaked about 2 rac{1}{2} years ago. Then go to your grocery store and look at the price of a loaf of bread today. Ask yourself, gee, if farmers suffered a nearly 60-percent drop in the price for wheat, what happened to the price of a loaf of bread? The answer is that somebody in between is taking more profit. But the consumer hasn't gotten the benefit. This country always had a cheap food policy. Will it have a policy that protects the basic income requirements of family farmers?
Byron Dorgan: “No, no. This is about corporate profits, not about advantages to consumers at the disadvantage of farmers. What is taken…”
Editor's note · Context
Discussing the impact of corporate profits on farmers and consumers during a floor speech.
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