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Food Chain Insights into the 2017 Economy

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Touch the Soil News #590 (feature photo CC. SA. 3.0) Roughly half of all American food dollars ($780 billion) are spent eating out – mostly in restaurants. The restaurant industry employs 14.5 million people, almost 10 percent of the nation’s workforce. So while economists and government bean counters tell us the economy is going great guns and things have improved, you would think that would show up in the restaurant industry. However it is not and some restaurant economists now question the official consensus that the economy is improving. The Nation’s Restaurant News (www.nrn.com) recently reported that 2017 doesn’t look so hot for the restaurant industry. Following are some of…

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Weird Battle for Food Dollars

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Touch the Soil News #576 (Feature photo courtesy of Lincoln Premium Poultry) Generally speaking, grocery retailers don’t get into meat processing – chickens in specifics. They leave it to industrial giants like Tyson. Tyson process about 1.8 billion chickens a year – about 20 percent of the nation’s chicken meat. Enter Costco. Costco is the largest “membership only” club in the world with 85 million members. Costco recently announced the scope of its planned chicken processing plant in Fremont, Nebraska. Why Fremont? Fremont is located in the center of the United States and close to Interstate 80 – one of the oldest and most heavily traveled truck routes between the…

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