The Biden administration has argued that large corporations and corporate monopolies are responsible for rapidly rising prices. It specifically blames four monopolists in the meat-processing industry for increasing meat prices.
, say increases in demand won't create higher inflation in monopolistic industries than in competitive ones.
$275 million to provide loans and other support "to businesses at rates and on terms that increase access to long-term, affordable capital," the White House said.$100 million to finance infrastructure needed by independent producers to "move their product throughout the supply chain." Later this morning, the president will meet virtually with family and independent farmers and ranchers to discuss his administration’s work to boost competition and reduce prices in the meat-processing industry.
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