Should a Poultry Farm Be Considered a Small Business? The OIG Says No

The OIG took a look at the loans issued by the Small Business Administration, a federal agency that guarantees loans to—you guessed it—small businesses that might otherwise have trouble getting them. Specifically, this report looked at loans to contract poultry farmers, and it comes to a startling conclusion: these farmers are so controlled by the corporation they’re contracted to (like Perdue and Smithfield) that they literally don’t count as independent small businesses. Roughly 97 percent of poultry farmers in the United States are ‘contract farmers.’ This means each farm has an exclusive contract with a gigantic corporation like Tyson, Pilgrim’s Pride…BANKERS AND INSURANCE COMPANIES…COULD THEY BE NEXT IN THIS FIGHT…WHAT IS THEIR…RISK..?

Source: Should a Poultry Farm Be Considered a Small Business? The OIG Says No

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