Biden-Harris Administration Announces Actions, Investments to Create Fairer Markets, Lower Prices
SAN FRANCISCO, March 6, 2023 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced the Biden-Harris Administration is investing $89 million across the country to finance the startup and expansion of independent meat processors. USDA also announced initial steps the Department is taking to create a more competitive marketplace for seeds and other agricultural inputs.
The $89 million of investments announced today support the Biden-Harris Administration’s Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain, which dedicates resources to expand independent processing capacity. As President Biden has highlighted, creating fairer markets and more opportunities for family farmers helps bring down prices at the grocery store.
“Under President Biden’s leadership, USDA is laser-focused on standing up for America’s farmers and ranchers by expanding processing capacity, creating fairer markets, and more revenue streams and market opportunities, which helps bring down food costs for families at the grocery store,” Agriculture Secretary Tom Vilsack said. “Today’s investments and actions to back the startup and expansion of independent processing capacity and boost market fairness in seeds and other key agricultural inputs will promote competition, support producer income, strengthen the supply chain, and increase economic opportunity in rural communities.”
To learn more, read the full news release.