USDA announced a suite of new actions delivering on key commitments from President Biden’s Executive Order on Promoting Competition in the American Economy, including issuing a new Packers & Stockyards Act rulemaking, making available $200 Million to expand competition in meat processing, and investing $25 million in workforce training
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced more support, resources, and new rules that will strengthen the American food supply chain, promote fair and competitive agricultural markets, prevent abuse of farmers by poultry processors and make prices fairer for farmers and American consumers. These actions build on President Biden’s historic whole-of-government effort to promote competition in the American economy and fulfill key pillars of the Meat and Poultry Supply Chain Action Plan launched in January by President Biden, Secretary Vilsack, and Attorney General Garland. These actions combat market dominance by a small number of major meat and poultry processors in key markets, where excessive concentration and control has led to lower prices paid to producers and higher prices paid by consumers.
Read the full announcement here.