A bill has been reintroduced in Congress to place an immediate ban on new acquisitions and mergers in the food and agriculture sector. Montana Senator Jon Tester said consolidation is one of the biggest threats to Rural America. “You have four companies that control that control 85 percent of the world beef market,” said Tester. “They can go play a round of golf and figure out what they’re going to pay for the beef.” Tester is working with New Jersey Senator Cory Booker on this effort. In a news briefing, Tester said this proposal does not impact recent mergers, like the Bayer-Monsanto deal. “What’s done is done, I don’t think there is a lot we can do about that.”
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