WASHINGTON D.C. — South Dakota Senator Mike Rounds is asking on the Federal Trade Commission to present a report on anti-competitive practices within the beef-packing business.
Rounds joined Massachusetts Democrat Elizabeth Warren in introducing the joint decision. It would require a report be made to Congress inside one yr on practices like price-fixing and monopolization.
Rounds says cattle producers in South Dakota and across the nation undergo on account of anti-competitive practices.
“So on this explicit case, Senator Warren – talking on behalf of customers in her a part of the a part of the world – and myself talking not only for customers, however for our course of as properly, we expect the man within the center proper now wants to be investigated,” Sen. Rounds says.
The high 4 beef producers have elevated their market share from 32% to 85% within the final 30 years, whereas the value paid to ranchers per greenback has decreased considerably.
The decision has help from main teams, together with R-CALF USA, the South Dakota Farmers Union, and the South Dakota Stockgrowers Association.
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