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Improving Price Discovery And Ensuring Fair And Accurate Market Information.pdf

Larew - Testimony.pdf
Preview of Improving price discovery and ensuring fair and accurate market information
🔗 Source: judiciary.senate.gov
📊 Size: 474 KB
👤 Author: Aaron Shier
⬇️ Downloads: 83

Summary

Rob Larew, President of the National Farmers Union, testified before the U.S. Senate Committee on the Judiciary, stating that inadequate market competition is a pressing issue facing farmers. The farm and food system is heavily consolidated, with a small handful of multinational corporations dominating the market, resulting in farmers being deprived of choices, innovation, fair prices, and fair treatment. The COVID-19 pandemic and other events have highlighted the fragility of the current system. To address this, Larew recommends increased scrutiny of buyer power, implementation of rules to reinvigorate the Packers and Stockyards Act, and investment in supporting market competition in marketing and processing. The trend towards greater consolidation is striking, with the four-firm concentration ratio rising significantly in the meat packing and poultry processing industries, and similar trends seen in other sectors such as seed, herbicide, and pesticide markets, and retail grocery.

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Description

Rob Larew, President of the National Farmers Union, testified before the U.S.

Technical Information

  • File Format: PDF
  • File Size: 474 KB
  • Pages: 20
  • Language: EN
  • Author: Aaron Shier
  • Total Downloads: 83
  • Last Updated: 1 month ago

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