US invests $500M for expanded meat & poultry processing capacity

The United States Department of Agriculture (USDA) has announced that it intends to make significant investments to expand processing capacity and increase competition in meat and poultry processing to make agricultural markets more accessible, fair, competitive, and resilient for American farmers and ranchers. The USDA has announced its intent to invest $500 million in American Rescue Plan funds to expand meat and poultry processing capacity so that farmers, ranchers, and consumers have more choices in the marketplace. USDA has also announced more than $150 million for existing small and very small processing facilities to help them weather COVID-19, compete in the marketplace and get the support they need to reach more customers. USDA is also holding meatpackers accountable by revitalising the Packers and Stockyards Act, issuing new rules on 'Product of USA' labels, and developing plans to expand farmers' access to new markets.