Ö Agriculture Secretary Tom Vilsack addressed the complaints after a cyberattack last week against a single company, Brazilís JBS SA, briefly shut down nearly a quarter of U.S. beef processing capacity, highlighting the consolidation of the nationís meatpacking industryÖ

 

 

USDA Mulls Stronger Livestock Fair-Market Rules After JBS Attack

 

         Vilsack to review fair-trade protections for U.S. farmers

         Producers complain that meatpackers are abusing market power

 

By Mike Dorning, Bloomberg†

June 8, 2021

 

President Joe Bidenís administration is considering stronger rules to protect farmers and ranchers following complaints that giant meatpacking companies are abusing their market power.

 

Agriculture Secretary Tom Vilsack addressed the complaints after a cyberattack last week against a single company, Brazilís JBS SA, briefly shut down nearly a quarter of U.S. beef processing capacity, highlighting the consolidation of the nationís meatpacking industry.

 

Cattle producers were seething even before the disruption as the cost of hamburgers and steaks surged in grocery stores while prices they received for livestock barely budged, a pattern they argue is now all-too-familiar. Six cattle and farm groups last month united behind demands for action to help level the playing field.

 

The U.S. Department of Agriculture will consider new regulations under the Packers and Stockyards Act, a 1921 law Congress passed to protect farmers and ranchers from unfair trade practices, Vilsack told reporters on Tuesday. That will include reopening consideration of stronger protections that the Obama administration proposed in 2016, which were scuttled under Donald Trump and replaced by less aggressive rules...

 

more, including links

https://www.bloomberg.com/news/articles/2021-06-08/usda-mulls-stronger-livestock-fair-market-rules-after-jbs-attack