Rising share of farm income comes from off-farm work
New estimates from USDA say that this year, 82 percent of farm income will come from off-farm jobs. That’s up from just 53 percent in 1960, demonstrating how falling farm incomes have turned “what was once a way of life into a part-time job,” reports the Wall Street Journal.
Kraft Heinz’ iconic products face changing consumer tastes
Thousands of workers have been laid off and several factories shuttered since the Brazilian investment firm 3G Capital helped facilitate Kraft’s acquisition of Heinz in 2015. Now, at the end of the trademark cost-cutting cycle that follows many 3G deals, Kraft Heinz must grapple with changing consumer preferences, the Wall Street Journal reports.