The Biden administration continued its crusade against Big Meat this week with the unveiling of new rules designed to lower prices and spur more competition within the industry.
The Department of Agriculture has unveiled proposals it says will help small farmers compete and cut against the dominance of four large meat processing companies, ideas it has promoted dating back to 2021.“For too long, farmers and ranchers have seen the value and the opportunities they work so hard to create move away from the rural communities where they live and operate,” Secretary of Agriculture Tom Vilsack said in a statement.
But while proposals to reform the meatpacking industry have drawn some bipartisan support, they have also attracted fierce criticism from industry groups like the North American Meat Institute. "The meat-packers are the latest boogeyman in the search for a culprit to high inflation," he said."The real villain here is the Federal Reserve, which has waited too long to raise interest rates and the trillions of dollars of debt and spending poured into the economy by Biden."
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