Biden Wants to Aid Farmers in Dealing With Meat, Poultry Processors

President Joe Biden speaks during a visit to a family farm in Kankakee, Illinois, in May.

Photographer: Taylor Glascock/Bloomberg
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The Biden administration on Monday proposed new regulations to strengthen competition rules in poultry and livestock markets aimed at protecting farmers and ranchers in dealing with the companies that process their products.

Long-simmering grievances over the domination of meat and poultry markets by a few giant companies have exploded into the broader political debate as rising meat prices played an out-sized role in surging inflation this past year. President Joe Biden and his top economic aides have accused meatpackers and poultry processors of abusing their market dominance while farmers complained they haven’t received a fair share of surging supermarket prices.