New Competition Laws Announced at White House Event

An event at the White House Monday focused on competition in agriculture. The U.S. Department of Agriculture (USDA) and Department of Justice are working together to enforce federal competition laws that protect farmers, ranchers, and other ag producers from unfair and anticompetitive practices. AgNet Media’s Sabrina Halvorson has more.

The new plan includes issuing new and stronger rules under the Packers and Stockyards Act and new product of USA labeling rules. It also includes $1 billion to expand independent processing capacity. The White House calls the meat and poultry processing sector a textbook example of an industry dominated by a handful of large companies, with lack of competition hurting consumers, producers, and the economy.