Bill would address unprecedented concentration in the agriculture and food industries
“We’re losing family farms at an alarming rate. It’s time to hit pause on mega-mergers and stop the growing trend of vertical integration in U.S. agriculture,” said Westby dairy farmer and Wisconsin Farmers Union President Darin Von Ruden. “Family farmers need a level playing field, and all U.S. consumers deserve a fair, safe and secure food system.”
In just the past two years, chemical and seed company acquisitions and mergers have allowed three companies to control two thirds of the crop seed and nearly 70 percent of the agricultural chemical markets. Those mergers hurt farmers who are facing fewer options and increasing input costs amid declining farm incomes.
Over the last three decades, the growth of market concentration has spun out of control. During this period, the four largest multinational corporations have gained control of 71 percent of the pork market, 85 percent of the beef market and 90 percent of the grain market.
The Food and Agriculture Concentration and Market Power Review Commission, which would be established by this legislation, will develop recommendations to establish a fair marketplace for family farmers and their communities. The commission would be specifically required to review the impact of vertical integration, packer ownership of livestock, and contracting practices by large agribusinesses on family farmers and suppliers.