The Biden administration has released the details of its plan to increase competition in meat and poultry markets

National Economic Council Deputy Director Bharat Ramamurti says it will benefit farmers and ranchers.

“Our hope is that because of this plan in the medium-term farmers and ranchers will have more good options for selling their products,” he says. “We know folks are getting squeezed on prices, the amount of every food dollar that goes to farmers and ranchers has been declining, and at the same time the amount that big processors are making is going through the roof.”

He says one of the strategies to increase competition is continued investment and expansion of processing capacity.

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