9 Big Companies That Benefit From Food Stamps
Food stamps help millions of Americans feed themselves and their
families, but they also help major companies boost their bottom lines.
Kraft’s incoming CEO Tony Vernon said as much when he told the Financial Times on Sunday that he opposes cuts to the food stamp program
or the Supplemental Nutrition Assistance Program (SNAP for short).
Vernon said food stamp buys make up one-sixth of Kraft's revenue and a
bigger share of the company’s total sales.
But Kraft isn’t the only company that’s a fan of food stamps, Walmart, Coca-Cola and other big brands
have lobbied surrounding the issue, according to a June 2012 report
from advocacy group Eat Drink Politics called "Food Stamps: Follow the
Money."
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