Food manufacturing is an ideal candidate for targeted accelerated depreciation because the food industry, our biggest industry, creates significant flow-on benefits.
Sentiment: POSITIVE
Food production is just one part of the repeated emphasis that you store a provision of food which will last for at least a year wherever it is legally permissible to do so.
Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.
At the intersection of food science and technology, food replacement startups are creating substitutes for the basic components of meals as well as replacements for complete meals.
To me, you make a tradeoff. It might be a little bit more expensive. But you're getting a better tasting, higher quality food that's going to be better for your health and better for the environment.
Big food companies have their priorities, which include selling cheap, unhealthy foods at high profits.
One of the effects of cheap food is, we have food that is so unsatisfactory. We need to go back to flavor.
Even if you don't think you can cook well, you can cook better than the food industry.
Unlike the objective of far too many companies, manufacturing is not about a quick 'exit.' It is centered on long-term value creation.
We ought, therefore, to lessen the price of food to our manufacturers, and place them more on a level with the manufacturers who have cheaper food, and also much lighter taxation.
I said that if I were an industrialist or entrepreneur, I would invest in agriculture-based enterprises, for there is so much that can be done in manufacturing, in food preservation.
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