US pledges $500 mln to increase meat processing capacity
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CHICAGO: The US government will invest at least $500 million to expand beef, pork and poultry processing capacity, Agriculture Secretary Tom Vilsack said on Friday, after consumers faced limits on meat purchases during the COVID-19 pandemic last year.
The money from a $1.9 trillion pandemic relief package approved in March will be awarded to meat processors in grants and loans to make the supply chain more resilient and increase competition in the sector, Vilsack said at a news conference in Council Bluffs, Iowa.
President Joe Biden signed a sweeping executive order that pushes the US Department of Agriculture to crack down on “abusive practices of some meat processors” and promote more competition in the US economy.
7/9/2021
By Tom Polansek
CHICAGO, July 9 (Reuters) - The U.S. government will invest
at least $500 million to expand beef, pork and poultry
processing capacity, Agriculture Secretary Tom Vilsack said on
Friday, after consumers faced limits on meat purchases during
the COVID-19 pandemic last year.
The money from a $1.9 trillion pandemic relief package
approved in March will be awarded to meat processors in grants
and loans to make the supply chain more resilient and increase
competition in the sector, Vilsack said at a news conference in
Council Bluffs, Iowa.
President Joe Biden signed a sweeping executive order that
pushes the U.S. Department of Agriculture to crack down on
By Syndicated Content
By Tom Polansek
CHICAGO (Reuters) â The U.S. government will invest at least $500 million to expand beef, pork and poultry processing capacity, Agriculture Secretary Tom Vilsack said on Friday, after consumers faced limits on meat purchases during the COVID-19 pandemic last year.
The money from a $1.9 trillion pandemic relief package approved in March will be awarded to meat processors in grants and loans to make the supply chain more resilient and increase competition in the sector, Vilsack said at a news conference in Council Bluffs, Iowa.
President Joe Biden signed a sweeping executive order that pushes the U.S. Department of Agriculture to crack down on âabusive practices of some meat processorsâ and promote more competition in the U.S. economy.
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CHICAGO (Reuters) - The U.S. government will invest at least $500 million to expand beef, pork and poultry processing capacity, Agriculture Secretary Tom Vilsack said on Friday, after consumers faced limits on meat purchases during the COVID-19 pandemic last year.
The money from a $1.9 trillion pandemic relief package approved in March will be awarded to meat processors in grants and loans to make the supply chain more resilient and increase competition in the sector, Vilsack said at a news conference in Council Bluffs, Iowa.
President Joe Biden signed a sweeping executive order that pushes the U.S. Department of Agriculture to crack down on abusive practices of some meat processors and promote more competition in the U.S. economy.
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