Food News: MSN is reporting that Texas farms are shutting down because they cannot get any labor or have large number of workers not showing up. The reporting does not offer any number of farms closing or impacted.
This is a food supply issue.
Food is inelastic. People need to eat food. Lower food supply means higher prices. If it becomes extreme, it could mean not enough food.
Long term this could lead to farm closures. Closed farms will be bought up by large corporate farms and this consolidation lowers competition. Less competition can lead to higher prices.
Source: https://www.msn.com/en-us/news/news/content/ss-AA1H5GRH
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