Competition and the Packers & Stockyards Act
Great Falls, MT – Farmers, ranchers, and agricultural workers across the U.S. will benefit from a new Executive Order by President Biden to promote competition in the American economy. Agriculture has become increasingly consolidated, with fewer and fewer corporations accumulating more and more control of production agriculture, from equipment to animals. This consolidation of corporate power threatens the people’s livelihoods growing our food, undermining national food security. The first agriculture order provides direction for the USDA to issue new rules under the Packers and Stockyards Act.
In the Order, the President:
- Directs USDA to consider issuing new rules under the Packers and Stockyards Act making it easier for farmers to bring and win claims, stopping corporate monopolies from exploiting and underpaying farmers, price gouging consumers and adopting anti-retaliation protections for farmers who speak out about bad practices.
“The purpose of the Packers and Stockyard Act is to assure competition in the marketplace to protect consumers and farmers from corporate manipulation,” said Walter Schweitzer, President of Montana Farmers Union. “The lack of enforcement of the Packers and Stockyards Act has cost many farmers and ranchers their livelihood. We are pleased to see this Executive Order directing the USDA to consider rules that protect producers from unfair trade practices.”