President Biden Signs Executive Order Addressing Competition in Agriculture
“The heart of American capitalism is a simple idea: open and fair competition — that means that if your companies want to win your business, they have to go out and they have to up their game; better prices and services; new ideas and products,” said Biden. “That competition keeps the economy moving and keeps it growing. Fair competition is why capitalism has been the world’s greatest force for prosperity and growth.”
Farm groups like the National Farmers Union are praising the Executive Order calling it long overdue for addressing important issues like meat packer concentration and “Right to Repair” farm equipment.
“It's across the board,” said Montana Farmers Union president Walther Schweitzer. “We have consolidated all of our industries and they've done it supposedly in the name of efficiency. But it really has come at the expense of resiliency. And just the fact that President Biden has recognized the problem is huge.”
Other initiatives important to Agriculture included in the President’s Executive include USDA investing $500 million from the American Rescue Plan to support new competitive entrants in meat and poultry processing and directing USDA to consider new rules to define when meat can bear product of the USA labels, so that consumers have access to accurate and transparent information.
Source: Ag Information Network & Western Ag Network