The USDA proposes a rule to change how US poultry companies pay farmers, aiming to enhance competition in the meatpacking sector.
The USDA proposes a rule that would require US poultry companies to adjust how they pay contract chicken farmers. This rule aims to enhance competition in the meatpacking sector, where four major companies control 55-85% of the cattle, hog, and chicken markets. Under the proposed rule, chicken farmers could no longer have their base compensation docked for how their flocks compare to others, and would receive more information to assess risks associated with capital improvements requested by poultry companies.
June 03, 2024
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