Trump Aims to Break Meat-Processing Monopoly for Farmers

On August 28, 2020, US President Donald Trump declared intentions to address what he termed a “powerful monopoly” in the American meat-processing industry. In a statement shared on his social media account, Trump emphasized that farmers and ranchers have always been a priority for his administration.

He pointed out that the meat-processing sector is dominated by a small number of major companies, specifically noting that only four companies control the market, creating significant challenges for agricultural producers. Trump stated that this lack of competition has made it difficult for farmers and ranchers, asserting that his administration's new measures would grant them greater control over the processing of their own food.