The Biden administration has set its sights agencyly on breaking down anti-competitive practices throughout A Quantity of industries, and the nation’s agricultural sector is starting to really feel The outcomes.
Based mostly on the president, The chief orders the administration has issued are Aimed in the direction of anti-competitive practices in agriculture like consolidation in hen procession, meatpacking, sourcing inputs, and extra, As properly as to inaccurate labeling and A scarcity Of completely different distribution methods to assist farmers.
So, will these efforts to curtail anti-competitive practices as meant? To get an professional opinion, Voice of B2B Daniel Litwin invited Curt Covington to this episode of B2B Right now.
Covington is the Senior Director of Institutional Credit rating for AgAmerica, A number one non-financial institution agricultural lender Inside the U.S. offering debt refinancing, custom-made land loans and Tailored strains of credit for working capital.
The duo dove into Using already current legal guidelines, Similar to a Outcome of the Packers and Stockyards Act, to fight anti-competitive practices, As properly as to reactions from sectors of agriculture being focused by these current efforts. For event, the North American Meat Institute said that “these proposed modifications will open the floodgates for litigation Which will finally restrict livestock producers’ capability to market their livestock As a Outcome of they choose.”
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