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Transformation from Small Hog Farmer to Multi-Billionaire
Jeff Hanson, a former small hog farmer, transformed into a multi-billionaire through his involvement in industrial hog facilities in North Carolina. This transformation was influenced by the emergence of industrialized chicken production in the South, where farmers became contract growers in an exploited and labor-squeezed model. The USDA's lax regulations allowed for a race to the bottom, leading to significant market share gains for chicken. North Carolina adopted this model in poor black areas, shifting farmers from traditional farming to contract-based roles.