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This recent piece in the New York Times points out that a more natural and balanced approach to farming can (surprise, surprise) equal or exceed the results of factory farming- Less waste, less polutants, and all at no loss of profits.
The author points out yet another problem with dualistic thinking- That we have more options than factory farming or organic small farms. It is entirely possible to take a sane, healthy, natural approach that uses, rather than abuses, our technology.