Sunday, September 22, 2019

Dan Murphy: De-Funding Factory Farms

As animal agriculture fast forwards toward a future in which we’ll all be subsisting on shamburgers and soybeans, the leading cheerleaders won’t be activists, but ‘enlightened’ investors.
After a brief hiatus of sorts, the double f-word is back.
With a vengeance.
Talkin’ about “Factory Farms,” and their (alleged) devastation of the environment at a level, to believe the rhetoric of an entire generation of activists, exceeded only by the collective destruction of the world’s tropical rainforests or perhaps the meltdown of the nuclear reactor at Chernobyl.
In the larger context of blaming livestock producers for raising cattle that are killing the planet, calling out large-scale production facilities for their eco-impact is simply doubling down on the idea that animal agriculture ranks right up there with Hitler, ISIS and the music of Nickelback as a scourge the world could do without.
Supposedly, according to Forbes, a religious text among the investor class, a new breed of private equity investor is going to force industry leaders into a production makeover as a way to forestall the onset of environmental Armageddon.
Putting on the pressure
As Forbes framed it in a recent article titled, “Move Over, PETA: Meat Companies Have a New Thorn In Their Side,” a “growing cadre of investors” now look beyond the bottom line in terms of providing capital to the agricultural and food industries and will soon be marginalizing factory farming by pressuring the downstream players in the retail and foodservice sectors.
One of the leaders in this movement — if that’s an appropriate term — is FAIRR, a consortium of more than 80 investors controlling some $12 trillion in assets. The goal is to start planning for a world where “meat and dairy are no longer the darlings of the food world.”

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