So, I'm kinda torn here, KC. By no means do I know what goes on at every LHBS, but the ones I know are pretty straight shooters. Companies like MoreBeer and Northern Brewer have really changed the local store landscape.
I get where you're coming from. Most brewers love to know what goes on at every step of the process, including the supply side.
Most LHBS are on hop contracts just like the breweries. That means they can order on an as-needed basis December to October. Only during harvest and pelletizing do they need to be overstocked because the brokers make all of us do it.
Any LHBS is going to have trouble competing on price, so they'd better have something to give them an edge. I think an LHBS is more invested in the brewing success of repeat customers than you might think. To become a repeat, you have to be happy after going there the first time, right? I think that takes experience, knowledge and care for ingredients on their part.
So, I think if you can trust 'em, you'll know. ....That said: If they're not invested in your success as a brewer, get out! Seriously! Get out of their store! They don't deserve a dime of your money.
There's always Hops Direct and Nicobrew, who sort of act as hop brokers for homebrewers.