agricultural mergers

$250 million in USDA grants to boost fertilizer output

The Agriculture Department will launch a $250-million-dollar grant program this summer to support "independent, innovative and sustainable" fertilizer production at home and to reduce reliance on imports. The USDA also said it would launch a public inquiry into concentration in the seed and agricultural input, fertilizer and retail markets.

More competition will reduce meat prices in fight against inflation, says Biden

Acknowledging "we need to get inflation under control" as part of the economic recovery from the pandemic, President Biden said on Wednesday that the administration will inject competition into the highly consolidated meat industry to bring down prices at the grocery store. Meat prices soared by 14.8 percent during 2021, part of overall food inflation of 6.3 percent.

White House points inflation finger at meatpackers

Grocery prices are climbing at their fastest pace since 2008, with beef, pork and poultry leading the way — up nearly 13 percent since last November, said the government's new inflation report. The White House pinned the blame for surging meat prices on meatpackers "taking advantage of their market power to raise prices while increasing their own profit margins."

Mississippi chicken farmers protest proposed pay cut they say is tied to merger

When Sanderson Farms announced a base pay cut for its growers throughout Mississippi in early August, farmers claimed it was an effort to undercut wages in the wake of a merger between Sanderson and Wayne Farms, another major producer in the state, as Marcia Brown reports in FERN's latest story, produced with The Capitol Forum. (No paywall)

‘Fairness for Farmers’ campaign targets market power of big companies

Buoyed by a Biden administration pledge to vigorously police agricultural mergers, the National Farmers Union launched the nationwide "Fairness for Farmers" campaign on Wednesday to restore competition in the marketplace. "This endeavor has clear goals: to curtail consolidation in agriculture and bust the monopolies, which negatively impact farmers, ranchers, and consumers," said NFU president Rod Larew.