Trump vows legal order to break up food processing 'nasty monopoly'
- On Friday, President Donald Trump announced plans to authorize farmers and ranchers to process their own food, aiming to break what he called a "nasty monopoly" among the nation's four largest meatpacking firms.
- The move follows an interview with Glenn Beck on Wednesday, where Trump was urged to "break the back of those processing plans" after Beck complained that "the inspections are insane."
- Four companies control about 85% of U.S. meat processing, including Cargill, Tyson Foods, JBS USA, and National Beef Packing, while the sector faces a 75-year trough in supply.
- While Trump is "authorizing legal documents to be drawn," details remain unclear regarding safety and sanitation requirements; The Justice Department is investigating whether meatpacking companies illegally drove up consumer prices.
- Both Trump and President Joe Biden have long struggled to reshape meatpacking industry dynamics, a challenge that persists as consumers face rising grocery prices ahead of November's midterm election.
18 Articles
18 Articles
Trump vows legal order to break up food processing 'nasty monopoly'
U.S. President Donald Trump on Friday said he was preparing a legal order to allow farmers and ranchers to be given the right to process their own food aimed at breaking what he called "a nasty monopoly" among the nation's top processors.
Trump says he’ll make it easier for ranchers to process their own food after blowback over his beef policies
President Donald Trump said Friday that he will make it easier for ranchers to process their own meat, in an effort to weaken the control the nation’s four largest meatpacking firms have over the process.
Trump allows farmers, ranchers to process their own meat: What it means for 'big processors'
United States President Donald Trump has taken a major step to end the alleged monopoly of four food processing companies in the U.S., which occupy over 85% of the country's meat processing market.The 47th POTUS has signed an...
Trump moves to allow farmers, ranchers to process their own food
Trump Says Farmers and Ranchers to Be Authorized to Process Food
President Donald Trump said on Aug. 28 that farmers and ranchers will in the future be able to process food they produce. “For years I have heard that they have had a tremendous problem with the Big Processors, who many say are a nasty Monopoly,” Trump wrote on Truth Social, his social media website. “There are, essentially, 4 of them, a very non-competitive number, and they make life miserable for our wonderful Farmers and Ranchers, and I can’…
Trump Takes Aim at Big Meat Processors, Seeks More Power for Farmers and Ranchers
President Donald Trump announced plans to take steps aimed at breaking up what he described as a concentrated meat-processing industry, saying farmers and ranchers should have greater ability to process and sell their own food. Trump argued that the industry is dominated by a small number of large processors and said legal documents would be prepared to give farmers and ranchers greater control over processing their products. Truth Social: Ranch…
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