U.S. farm group seeks stronger antitrust action with new campaignU.S. farm group seeks stronger antitrust action with new campaignWe apologize, but this video has failed to load. 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. “We have a president who is committed to taking on the challenge of fighting consolidation in agriculture,” Larew said at a press conference launching the campaign. In his July executive order on competition, President Joe Biden directed the U.S. Department of Agriculture to better enforce the Packers and Stockyards Act, a century-old law regulating meat industry competition. The White House also recently attributed higher meat prices to “a lack of competition.”The North American Meat Institute, which represents packers who control 95% of U.S. meat processing, denies that packer concentration is related to rising meat prices.

Source: National Post September 22, 2021 21:11 UTC