U.S. Agriculture Secretary Tom Vilsack, in Iowa, announces $655 million in federal grants and loans aimed at expanding small and medium-sized meatpacking operations. At left is U.S. Rep. Cindy Axne. (Screenshot via USDA Facebook page)
The federal government will spend $655 million on loans and grants to help launch new meat-processing facilities to help compete with four major corporations that control the market, U.S. Agriculture Secretary Tom Vilsack announced Friday.
Included is a $500 million program aimed at establishing new or expanded operations, said Vilsack, a former Iowa governor, during an appearance in in Council Bluffs, Iowa. The money will come from the American Rescue Plan pandemic relief bill.
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