food processing ag bm 102. introduction adds value to farm production creates products consumers...
Post on 22-Dec-2015
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Introduction
• Adds value to farm production
• Creates products consumers want
• Employs lots of people ~ 90,000 in PA
Meat
• Large Animal slaughter – a few plants
• Processed meats – lots of plants
• Poultry – several big plants
• A lot of consolidation going on – mergers across species – Tyson bought IBP
Candy
• Chocolate
• Other candy
• Gum
• PA largest candy producing state – Hershey and many more firms
Beverages
• Beer
• Wine
• Soft Drinks
• About half the jobs beer and half soft drinks – a little wine
• Produce near consumer
Other Food
• Coffee
• Ice
• Fish
• Pasta
• Pretzels & snack foods (PA biggest in this)
• Other stuff– Fastest growing category – new products
How many Food Companies will we have?
• Market growing slowly
• Lots of mergers – a long-term trend
• Is Hershey too small to be independent?
• Heinz?
• Campbell’s?
• Food conglomerates common
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