Geoff Manne on Meat Sector Concentration

Food Processing – ICLE President Geoffrey Manne was quoted by Food Processing in a piece about a House Judiciary Committee on hearing on the effects of competition on the food supply. You can read the full piece here.

Geoffrey Manne, founder and president of the International Center for Law and Economics, said other factors were to blame for food price inflation, including increased demand caused by fiscal stimulus programs, “supply and demand shocks,” and an increase in the money supply. “What is not a plausible explanation is increased concentration and the exercise of market power in the food supply chain,” Manne said.