Presumably, there will be bigger pocketed entities waiting in the wings to snap up some distressed assets.
Presumably, there will be bigger pocketed entities waiting in the wings to snap up some distressed assets.
They trust that their bigger political clout will let them continue to employee undocumented migrant workers at wages no one else will work for?
They wait for the political climate to change, and then they'll go back to business as usual?
They wait for produce prices to skyrocket/the job market to crater, and then pay minimum wage for the jobs?
Something something, AI/robots?
Yes, this is exactly what will happen.
America's prison industry, one of the Trump administration's biggest profiteers, might have some relevant answers for you. ;)
See https://en.wikipedia.org/wiki/Penal_labor_in_the_United_Stat...
A few less iPhones and a few more automated farms. Billionaires would be hardest hit unfortunately.
Very few U.S.-born workers respond to job ads for seasonal crop work, Show up when work begins, or Stick around through the harvest season. "Even when wages reach—or exceed $20–$30 per hour, seasonal U.S. workers overwhelmingly opt out of field labor. That persistent gap is why American agriculture depends so heavily on immigrant and guest‐worker programs, and why mechanization continues to accelerate."
It would require less billionaires and less chatgpt wrappers with billion dollar valuations.
There is a reason European farmers are deeply subsidized.
I'll turn it around: how long do you think the time to get those crops harvested is? People didn't show up for work, the clock is ticking.
I was responding to someone that seemed to imply that resources were on STANDBY to swoop in and harvest the crops. That is completely untrue and just dumb.
I read GP's comment as saying that large investors will be happy to buy "distressed assets", eg. the bankrupt farm itself, after its ruined crops caused bankrupcy.
They don't care about the crop ; the same way that a speculator might have bought LA real estate for a symbolic dollar after the house itself had burnt down. They don't care about the family house, they care about buying the underlying asset (the land) for cheaper than its real value.
They raise funds from large pools of capital, like endowments and pension funds, and they invest it into assets they identify as undervalued or underproducing.
When there is a crash in an asset class, private equity has often stepped in to buy assets at firesale prices from forced sellers.