Bipartisan Bill Seeks Study of Livestock Market Consolidation

Senators Tina Smith and Chuck Grassley have introduced bipartisan legislation to study how livestock industry consolidation affects farmers, ranchers, and consumers, citing limited data and growing market concentration. The bill directs USDA research to inform future policy, as consolidation by a few large companies continues to squeeze producers and raise consumer prices. The bill has been endorsed by the National Farmers Union and Minnesota Farmers Union.