Biden to target meatpacking giants over surging inflation

Fox Business ^ | January 3, 2022 | Megan Henney

[Ciaphas Cain]

President Biden on Monday will roll out a new plan to target a handful of meatpacking companies that control the bulk of the nation's supply, months after his administration accused the conglomerates of facilitating anti-competitive behavior that has caused meat and poultry prices to skyrocket.

Biden will join Agriculture Secretary Tom Vilsack and Attorney General Merrick Garland for a virtual White House meeting with farmers and ranchers to announce the administration's plan to tackle rising prices and boost competition industry-wide, including $1 billion in federal funding from the coronavirus relief package to help expand independent meat and poultry processing capacity.

The White House will also dedicate funding to train workers in the industry and improve conditions, and establish stricter rules for meatpackers that use a "Product of USA" designation to ensure consumers are aware of where the meat is coming from.

[Ciaphas Cain]

Government getting involved more than it already is. We'll never see affordable meat again.

[metmom]

True.

The government ruins EVERYTHING it gets its paws on.

[gundog]

Are the meat packers printing money?

[Dr. Pritchett]

Yeah! What gives?!? Why do they need so much meat! They should give it to us for free!!

/s

[Rebelbase]

Waiting for the headline, Biden Beats Big Meat.

[CatHerd]

You win the internet tonight

[BenLurkin]

[the_daug]

go after USDA regulation that hampers small business.

[Magnetar]

stupid is as stupid does.

[xkaydet65]

Gee maybe he could ask his ChiCom pals who now own Smithfield, the largest pork, ham, and bacon producer in the US, for help.

[Vermont Lt]

How about we don’t sell all of our meat to China?

[dynachrome]

Price controls always work, right?

[Sacajaweau]

I thought labeling country of origin was no longer allowed.

[Sacajaweau]

None of these proposals will do anything to lower prices.

I wait for sales.

[Noumenon]

What was that old saying: “Put the government in charge of the Sahara and you’ll soon have a shortage of sand.”

[PGR88]

including $1 billion in federal funding from the coronavirus relief package to help expand independent meat and poultry processing capacity.

SOOOOOO typical of government

For years government hindered small, independent meat-packers through a raft of regulations from scores of Fed and State agencies. Government actually prefers just a few large corporate oligopolists, they're much easier to control.

[KarlInOhio]

Start printing the "Whip Inflationary Meat Packers" buttons.

[Irenic]

Hugo Chávez wanna be.

[kiryandil]

Buy your meat now, and fill your freezers.

Of course, Senile Joe will be feasting on pureed Wagyu steak...

[House Atreides]

Folks, prepare to see reduced supplies of meat.