President Donald Trump announced plans to take steps aimed at breaking up what he described as a concentrated meat-processing industry, saying farmers and ranchers should have greater ability to process and sell their own food.
Trump argued that the industry is dominated by a small number of large processors and said legal documents would be prepared to give farmers and ranchers greater control over processing their products.
Ranchers and Farmers have always been a number one priority for me. They work very hard, are smart, efficient, and immaculately CLEAN, but for years I have heard that they have had a tremendous problem with the Big Processors, who many say are a nasty Monopoly. There are, essentially, 4 of them, a very non competitive number, and they make life miserable for our wonderful Farmers and Ranchers, and I can’t let that happen, can I? So, in order to break this powerful monopoly, with much of its ownership based outside of the U.S., I am authorizing legal documents to be drawn in order to allow Farmers and Ranchers to be given the right to PROCESS THEIR OWN FOOD. This should move quickly. Thank you for your attention to this matter! President DONALD J. TRUMP
Trump told Glenn Beck on Wednesday he would look into changing beef processing regulations.
He also told him that his administration inherited high beef prices and that they “are coming down very rapidly.”