U.S. Secretary of Agriculture Brooke L. Rollins announced the Strengthening Processing for U.S. Ranchers (SPUR) Program that will provide temporary support for eligible beef processing establishments. Under SPUR, the U.S. Department of Agriculture will provide up to $500 million in payments to eligible entities to support stronger and more stable market opportunities for American ranchers.
“America’s ranchers deserve a strong, competitive marketplace that rewards their hard work and preserves opportunity for generations to come,” said Secretary Brooke L. Rollins. “Today, historically tight cattle supplies, the Biden administration’s anti-cattle focus, consolidation in and foreign ownership of meat packing and the reemergence of New World Screwworm have created extraordinary market conditions that are placing significant pressure on our independent and regional beef processors. Through the Strengthening Processing for U.S. Ranchers (SPUR) Program, USDA is taking targeted action to preserve the independent processing capacity that ranchers rely on, strengthen competition across the American beef supply chain, and support rural communities across the country. This is another important step in our Plan to Fortify the American Beef Industry by strengthening domestically owned processing capacity and ensuring America’s cattle producers continue to have strong market opportunities and meet America’s historically high beef demand. As we Make America Healthy Again, we are working to ensure American families have continued access to nutritious, high-quality American beef while promoting greater competition, a more resilient food supply chain, and long-term affordability at the grocery store.”
Source : usda.gov