Agricultural News
Biden Administrattion Announcing Action Plan for a Fairer, More Competitive,Meat and Poultry Supply
Mon, 03 Jan 2022 05:32:12 EST
According to a White House Release, later today President Biden will meet virtually with family and independent farmers and ranchers to discuss his Administration's work to boost competition and reduce prices in the meat-processing industry, where corporate consolidation has led to rising prices for consumers and lower earnings for farmers and ranchers. The meat producers will talk about the challenges they have faced as large conglomerates have absorbed more and more smaller processors. The Attorney General and the Secretary of Agriculture will also attend.
The President will explain that under his July Executive Order on Promoting Competition in the American Economy, the Administration has been focused on tackling the lack of competition in agricultural markets. A small handful of meatpackers control the majority of the markets for beef, pork, and poultry, enabling them to squeeze farmers and ranchers while also raising prices on consumers.
The President, Secretary Vilsack and Attorney General Garland will announce the Biden-Harris Administration's Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain and explain the steps the Administration is taking to increase processing options for farmers and ranchers and to create fairer and more competitive markets.
The White House has issued a informational sheet that details the steps the Adminsitration is planning on taking. Click onthe PDF lnk below to see that information two pager just released by the Biden Administration.
(Editor's note- there is still no word on any action the Justice Department may or may not take in possibe lititgation against the four largest meat processors- their investigation has been ongoing for over a year.)
00810_Biden_Meat_and_Poultry_Action_Plan_01032022.pdf
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