White House pledges $1 billion to bolster independent meat producers and drive down prices

Meat
(Image credit: thesomegirl / iStock)

The White House announced Monday that it plans to allocate $1 billion to small, independent meat producers to increase competition with conglomerates and drive down prices, CNN reports.

The Washington Post says this move is part of the Biden administration's strategy of responding to criticism over high inflation rates by "criticizing large corporations and arguing that breaking up monopolies will foster competition and drive down prices."

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.