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What Biden s New Executive Order Means for Agriculture

Late last week, President Joe Biden signed his 52nd executive order since taking office in January. Promoting Competition in the American Economy is a wide-ranging document that focuses on fair and open competition in various sectors of the economy. Biden warns that too much concentration and consolidation in the market is a threat to the welfare of workers, consumers and even democratic accountability.  As such, he’s urging, and in some cases appointing, government officials to review documents and policies that limit competition and give too much leeway to monopolies. This could impact farmers and growers across the country, as Biden decries how a lack of competition is hurting family farms. The executive order says that farmers have to weather consolidated markets; for instance, from seed companies and meat-packing monopolies, as well as concentrated markets for selling their products. As a result, the order says that “farmers’ share of the value of their agricultural pr

USDA unveils plan to help build small meat processing plants

By DAVID PITT Associated Press DES MOINES, Iowa (AP) — The federal government promised Friday to spend $500 million to encourage the construction of smaller meat processing plants located closer to farmers who raise chickens, pigs and cows with the goal of diversifying an industry now largely run by a small number of large corporations. U.S. Agriculture Secretary Tom Vilsack announced the program in Council Bluffs, Iowa, in addition to another $150 million to be used for existing small processing facilities with unexpected costs. The goal is to help them recover from the coronavirus pandemic and compete better in the marketplace. Vilsack said he wants to improve profitability for livestock farmers and better serve consumers who increasingly want to know where and how farm animals are raised.

Biden goes after consolidation

Biden goes after consolidation
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