The Trump administration expects to roll out a plan to boost the domestic beef industry by opening new grazing land and building more processing plants, U.S. Agriculture (USDA) Secretary Brooke Rollins revealed during an interview with CNBC Oct. 21.
“We have a pretty big package coming out very soon, perhaps this week,” Rollins said.
The plan would incentivize and open up new lands to make it easier to become a rancher in the United States. It would also allow more processing plants to be built around the country, Rollins said.
Four big companies currently control about 85 percent of U.S. beef processing—Cargill, Tyson Foods, JBS, and National Beef—according to the USDA. The consolidation of processing plants has many in the industry concerned about the market pricing out smaller, independent cattle growers….