butters
High on a Hill
- Joined
- Jul 2, 2009
- Posts
- 85,781
certain conglomerates driving up their own profits and, as a direct result, inflation:
https://www.msn.com/en-us/money/mar...eases-in-meat-prices/ar-AASopG8?ocid=msedgntpThe White House has previously pointed to a small number of conglomerates for driving up meat and poultry prices, which have been a major contributor to broader inflation in recent months.
“When dominant middlemen control so much of the supply chain, they can increase their own profits at the expense of both farmers - who make less - and consumers - who pay more,” the White House said in a fact sheet announcing its action plan on Monday. “Most farmers now have little or no choice of buyer for their product and little leverage to negotiate, causing their share of every dollar spent on food to decline.”
The Biden administration is dedicating $1 billion from the American Rescue Plan, a bill signed into law last year, specifically for the purpose of expanding independent meat processing capacity.