Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
The money will go to smaller producers so they can compete more effectively against big meatpackers such as Cargill and JBS
JBS is one of the dominant meatpacking companies that President Joe Biden's new policies take aim at. Shown is the Brazilian company's pork plant in Worthington.
President Joe Biden met virtually with independent farmers and ranchers on Monday to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show his administration is trying to combat inflation.
"Capitalism without competition isn't capitalism - it's exploitation," Biden said.
He outlined plans to use $1 billion to aid independent meat and poultry producers, aiming to undercut the four powerful meat producers - including Minnetonka-based Cargill and JBS, which has a pork plant in Worthington and a Pilgrim's Pride chicken plant in Cold Spring.
https://www.startribune.com/biden-announces-1b-plan-to-help-combat-higher-meat-prices/600132355/
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