Solving the problem of expensive pork, Biden spends billions of dollars
President Biden unveils $1 billion plan Support small farmers to fight capitalists Competing in the meat processing industry
On January 4, 2022, Reuters reported that President Joe Biden's administration plans to spend $1 billion. To assist small producers and agricultural producers of meat and poultry. Solving the problem of high meat prices The reason that the price of meat consumption is higher. This is because the industry is dominated by a number of large meat producers. affect consumers
The report states that From aเว็บเกมสล็อตsurvey of beef, pork prices in many areas across the United States have risen. The cause of the slaughterhouse And those big meat producers Hua together by citing various reasons, including epidemic labor shortage and cost of freight make it necessary to raise prices While the operating results of major meat companies have increased profits.
“Capitalism without competition is not capitalism. .. that's what we're seeing in the meat and poultry industry right now,” the U.S. leader said.
This is consistent with a White House spokesperson's statement that “Over the past decade We have found that many industries are dominated by a number of large companies that control most of the business and opportunities. These private entities dominate the market. Rising prices have given American families fewer consumer choices. At the same time oppressing farmers and small producers .. as seen in the meat and poultry processing industry as an example.”
As CNBC reported The rising cost of meat in the US is one of the inflation problems the Biden government is trying to control. This was due to rising consumer prices, as evidenced by the release of November's consumer price index (CPI), which was the fastest since 1982.