According to the American Feed Industry Association, as much as $20 billion worth of feed ingredients are purchased each year. These products range from grain mixes to orange rinds and beet pulps. The feed industry is one of the most competitive businesses in the agricultural sector and is by far the largest purchaser of U.S. corn, feed grains, and soybean meal. Tens of thousands of farmers with feed mills on their own farms are able to compete with huge conglomerates …
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