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Organic Consumers Association

What Does Goldman Sachs Have to Do With Factory Farms?

There's an ecologically-devastating element to Goldman Sachs' investments that has not and probably will not be mentioned in Congressional hearings about the company's (other) wrongdoings: The firm not only finances factory farms, but is actively helping to expand their use in countries not already overcrowded with their environmental pollution and animal cruelty.

Mia MacDonald of Brighter Green has a must-read post about this problem over at HuffPost. She explains that in 2008, Goldman "decided to acquire ten intensive poultry farms in China's Hunan and Fujian provinces for $300 million. While Goldman isn't running the farms itself (that's outsourced) it retains control over the prices."

The implications are frightening—factory farms in the U.S. spill billions of pounds of manure into the environment everyday, 80 percent of agricultural land in the U.S. is used to raise animals for food and grow grain to feed them, and production of one pound of beef requires 14 times the amount of water needed to grow a pound of wheat, and 200 times the amount needed to grow potatoes.

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