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Des Moines Register President Joe Biden on Friday directed his administration to investigate agricultural consolidation, saying it s resulted in farmers paying too much for seed, tractors and fertilizer and in consumers paying too much in grocery stores. Concentrated ownership in agricultural markets means farmers’ and ranchers’ share of each dollar spent on food has been declining for decades, while at the same time consumers are paying more, and the big conglomerates in the middle are taking the difference, the White House said in a fact sheet about a new executive order Friday. Big ag is putting a squeeze on farmers. Small and family farms, first-time farmers like veterans coming home and Black and Latino and Indigenous farmers they re seeing price hikes for seed, lopsided contracts, shrinking profits, and growing debt, Biden, a Democrat, said as he signed the order.

United statesCouncil bluffsWhite houseDistrict of columbiaJulie anna pottsCraig hillCindy axneJoni ernstChuck grassleyTom vilsackJoe buschAmerican meat instituteAgriculture departmentIowa farm bureau federationAssociated pressCargill inc