Biden offers $1 billion to small meat producers to fight inflation

, say increases in demand won't create higher inflation in monopolistic industries than in competitive ones.

$275 million to provide loans and other support "to businesses at rates and on terms that increase access to long-term, affordable capital," the White House said.$100 million to finance infrastructure needed by independent producers to "move their product throughout the supply chain." Later this morning, the president will meet virtually with family and independent farmers and ranchers to discuss his administration’s work to boost competition and reduce prices in the meat-processing industry.

Rising pork prices are also being caused by California's new government restrictions. American Farm Bureau:

Gotta give him credit for blaming others for his poor poll numbers. Keep trying Mr Pres.

This is true. There are only 3 packing companies and they are tipping off ranchers!!!

So what, the idea is to pay them off to lower their prices. Oh they'll take the money, will they lower prices........fuck no.

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Biden to meet with farmers as he seeks to cut meat prices | AP NewsPresident Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation . There are so many middle men involved this. The ranchers are the lowest on the pole. Then you have the processing plants, the distributors, and the stores. Each step the price gets gouged. You can buy a half a cow for a good price if you can store it cut out some of that Should be talking to packers. That’s where the money is going. 🤣🤣🤣
Source: AP - 🏆 728. / 51 Read more »