The Biden Administration on Wednesday will announce $2.1 billion in new funding to bolster food supply chains, including initiatives to expand small- and
Highlights
- The Biden Administration on Wednesday will announce $2.1 billion in new funding to bolster food supply chains.
- The funds will also be used to finance new infrastructure such as cold storage facilities and to assist farmers shifting to organic production.
- Agriculture Secretary Tom Vilsack plans to focus on the importance of moving US food supplies away from dominance by a few highly concentrated businesses.
- The infrastructure aid will come on top of funding Biden announced earlier this year to assist expansion of independent processors in the highly concentrated meatpacking industry.
- The $1.9 trillion COVID-19 relief plan Congress passed last year “and other relief legislation,” according to advance material.