President Joe Biden announced an action plan for a “fairer, more competitive and more resilient meat and poultry supply chain.” He received praise from Iowa Republicans Sen. Chuck Grassley and Congressman Randy Feenstra along with Democrat Congresswoman Cindy Axne.
The Biden Administration will dedicate $1 billion in American Rescue Plan funds for expansion of independent processing capacity.
Pres Biden is mtg w farmers 2day like IA Farm Bureau Pres Brent Johnson to discuss how Big 4 packers screw cattle producers + consumers I’ve long worked to restore competition in cattle market & hope WH urges support of bipartisan Fischer Grassley Tester Wyden cattle market bill
— ChuckGrassley (@ChuckGrassley) January 3, 2022
"The Biden-Harris Administration will also work w Congress to make cattle markets fairer & more transparent. The Admin is encouraged to see bipartisan legislation in the Senate by Senators Grassley, Fischer, Tester, Wyden, +in the House by Representatives Axne and Feenstra…
— ChuckGrassley (@ChuckGrassley) January 3, 2022
I’m pleased to hear the Cattle Price Discovery and Transparency Act was highlighted by Pres. Biden during his meeting with producers today.
This bipartisan, bicameral bill — which I recently introduced in the House w/ @RepCindyAxne — will help independent cattle producers.
— Rep. Randy Feenstra (@RepFeenstra) January 3, 2022
Even as consumers are paying more and more for their meat, cattle producers are making less while large packers dominate with record profits.
I've heard it consistently from Iowa cattlemen: we need more competition and transparency in the market. https://t.co/l5t0xelhHe
— Rep. Cindy Axne (@RepCindyAxne) January 3, 2022
