Economic Downturn: Chicken Farmers

The worst recession in decades has hammered all types of businesses across the country, farming included. But among the hardest hit are contract chicken farmers in the South and especially in North Carolina, the nation’s second-leading poultry producer, where it is a $3.3-billion industry. Last winter, the economic crisis created “pretty much a catastrophe” for contract farmers, said Dan Campeau, a North Carolina State University poultry specialist and extension agent. Demand for chicken nose-dived as beleaguered consumers cut back. The industry’s two biggest foreign markets, Russia and China, drastically trimmed their orders. Fuel prices surged, driving up the cost of chicken feed as some grain crops were diverted to produce ethanol.

Recession closes in on chicken farmers

This entry was posted in Eating and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *