In this episode, Michael takes a closer look at the rising cost of beef and the factors driving it. You might be surprised to learn that the price of beef isn't just a result of corporate greed or a cartel, but rather a complex interplay of biology and economics.
Michael delves into the world of cattle farming, explaining how the American cattle herd is at its smallest in 75 years, and how this has led to a significant increase in beef prices. He also explores the role of drought, ranchers' decisions, and the gestation cycle of cows versus chickens in shaping the beef market. With the chicken industry able to respond quickly to changes in demand, he argues that the real culprit behind the rising beef prices is not a cartel, but rather the biology of cattle farming.
The episode also touches on the topic of federal land ownership in the Western United States, where the government owns a staggering 80% of the land. Michael questions the logic behind this and argues that the default should be disposal, not retention, of federal land. He also discusses the implications of this on local communities and the environment.
If you're curious about the real reasons behind the rising cost of beef and the complex issues surrounding federal land ownership, tune in to this episode to hear Michael's insightful analysis and arguments.
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