Lessons from the Del Monte Bankruptcy - American Free News Network

Unfortunately, they have over $1 billion in liabilities spread over more than 10,000 creditors (this big a number of creditors means that there are likely thousands of family farms still awaiting payment for their produce). - John F. Di Leo

We know the following issues contributed; the only thing we can’t be certain of is the relative weighting between them.

• Transportation costs went up a lot over the past four years, partially because of increased fuel costs but also partially due to other issues such as the trucking industry’s suffering in the aftermath of the pandemic...
• Food processing is a complex process, very dependent on inexpensive and dependable power. Ingredients have to be both cooked and refrigerated – fruits and vegetables have to be peeled, seeded, shelled, shucked, all these steps requiring different machinery, all requiring a lot of electricity...
• As Bidenflation (the unprecedented annual price inflation that skyrocketed during the Biden-Harris years) hit America’s farms, agricultural producers have had to raise their prices...