Biden Launches A Crackdown On The Meat Industry To Try And Combat Inflation

biden’s dispute with the meat industry: the president says he is surprised: the meat for hamburgers now costs $5 and announces $1 billion to tackle the companies that dominate the market and help farmers and ranchers

The biden administration announced Monday that it would spend $1 billion from the US bailout to expand the capacity of independent meat processors
he noted the white house allows four large companies to control 55% to 85% of the poultry, pork and beef markets
new plan will provide financial support to processors independents to increase competition
the white house pointed out that farmers and ranchers earn much less for their share of the product than in previous years
biden will meet with farmers and ranchers, and independent processors on monday and deliver comments on the new plan

by morgan phillips, dailymail.com political reporter

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