On January 3, the Administration announced measures to support independent meat producers faced with a shrinking share of consumer spend.
In 2021, cattle ranchers received 37 cents on every dollar spent on beef, down from over 50% in previous years. By supporting an increase in the number of processing options the Administration aims to provide price support to producers.
Four companies control 85% of production in the $213 billion meat industry. Critics say the packing companies are monopolistic and have forced consolidation driving down revenues for producers. Packing companies respond that plants have been closed because they are unprofitable.
To help meat producers by encouraging more independent meat processing plants, the Administration will dedicate $1 billion in the American Rescue Plan. Specifically:
FarmRaise helps America’s farmers and ranchers find and apply to the funding they need. Take this 1 minute quiz to see what funding options you’re eligible for.
Most farmers have heard of the Environmental Quality Incentives Program, or EQIP, for short. This is the USDA’s flagship cost-share program that pays for on-farm infrastructure upgrades and better farm management practices, including new fencing and water systems, cover crops, improved nutrient management, wildlife buffers, and precision irrigation.
The carbon credit marketplace is heating up but clear information on the key players and their relative benefits is sparse and convoluted. As many of you have likely learned – Google searches won’t get you very far here.