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TeachMeFinance.com - explain Packer concentration Packer concentration The term 'Packer concentration ' as it applies to the area of agriculture can be defined as ' The degree to which a few large firms dominate total sales within segments of the meat packing industry, which, some farmers and other critics contend, can cause or at least contribute to lower prices for their animals. Market control by five large packers in the early 1900s led to passage of the Packers and Stockyards Act of 1921. Concentration declined after that, but has increased sharply in more recent years. For example, the four largest firms accounted for 80% of the steer and heifer slaughter in 1997, compared with 36% in 1980. Four-firm concentration in hog slaughter increased to 54% in 1997 compared with 34% in 1980, according to USDA. Numerous government-sponsored studies and investigations have been inconclusive on the relationship in recent years between concentration and prices'. Previous 5 Terms: Pacific Decadal Oscillation Pacific Disaster Center Pacific flyway Packaged air conditioning units Packaged units Next 5 Terms: Packers and Stockyards Act of 1921 paedogenesis paedology paedophobia paedotrophy About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.