Biden Administration to Dedicate $1 billion for Expansion of Independent Processing Capacity
President Biden met with farmers, ranchers and independent meat processors to discuss the Biden-Harris Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain. The Action Plan includes four core strategies intended to create a more competitive, fair, resilient meat and poultry sector, with better earnings for producers and more choices and affordable prices for consumers.
The Biden Administration has been critical of the meat industry in the past. In a fact sheet, the White House says that a lack of competition hurts consumers, producers and the economy.