Four corporations process most of the meat sold in the United States; two are based in other countries. American farmers say it’s time to promote competition in the meat processing industry by changing the rules to allow farmers to deal with small local processors. “In my opinion, the Department of Justice, the USDA, and the…
Farmers: USDA Rules, Lack of Competition in Meat Packing Endangers Food Supply
Biden Announces $1 Billion for Small Meat Processors to Address Soaring Costs
January 3, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusExecutive BranchinflationJoe BidenMeat processingPolicies & ImpactsPoliticsUSUS News
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President Joe Biden’s administration announced a new initiative on Monday to address the high prices Americans are paying for meat. The steady rise in the cost of food nationally over the past year has been driven by sharp increases in meats and poultry. Over the past 12 months leading up to November, the cost of…
Tyson Automating Meat-Processing Plants, Reducing Labor Costs, Improving Efficiency
Tyson Foods is planning on investing over $1.3 billion over the next three years in new automation capabilities, according to an announcement on Thursday, as part of the company’s efforts to improve savings and reduce labor costs. Tyson, the largest American meat company by sales, said that it has invested around $70 million this year…
Americans Pay More for Meat as Tyson Foods Escalates Prices
November 16, 2021
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Business & EconomyCompanieseconomyfood inflationhigher food pricesinflationMeat processingTyson FoodsUSUS News
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Tyson Foods Inc., the largest meat company by sales in the United States, has reported a jump in revenue after increasing prices for its products, citing supply chain issues, soaring costs, and 30-year-high inflation. Based in Springdale, Arkansas, Tyson company executives said that chicken prices went up by 19 percent during the fiscal fourth quarter,…
USDA Targeting $500M to Boost Meat Processing
Agriculture Secretary Tom Vilsack told House lawmakers that his department has received hundreds of comments in response to the USDA’s plans to invest $500 million to expand meat and poultry processing in the U.S. to boost competition in the livestock industry. “We’re now in the process of analyzing those comments in order to establish and…
The Bitter Taste of Food Inflation
Commentary The prices of everything from cars to groceries to gas have inflated due to overheated demand and supply shocks. While there is a widespread concern about inflation, soaring food prices are perhaps the most worrisome for many, including the Biden administration. Beef and pork especially have taken a wild ride in the past few months. The…
US Farm Group Seeks Stronger Antitrust Action With New Campaign
The National Farmers Union, the nation’s second-largest farm group, said on Wednesday it is launching a campaign to expose the negative effects of consolidation in the agriculture industry on family farms and rural towns. The campaign, which it said will include a public relations blitz and lobbying, is part of an effort to push Washington…
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