White House Pledges $1 Billion Investment In Small Food Processors To Combat 'Meatflation'

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Earlier today, President Biden announced a $1 Billion investment in small food processors to help fight price increases for meat products. Read more about the funding here:

antitrust issues across industries during the first year of his presidency, signing an executive order in July aiming to promote competition across the economy.during a Monday meeting with independent farmers and ranchers: “In too many industries, a handful of giant companies dominate the market.

And too often, they use their power to squeeze out smaller competitors and stifle new entrepreneurs, making our economy less dynamic, giving themselves free rein to raise prices, reduce options for consumers or exploit workers. The meat industry is a textbook example on the price side.”Neil Bradley, executive vice president and chief policy officer of the U.S.

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