What Food Industry Can Expect After Biden Antitrust Order
By Alicia Batts, Dylan Carson and Kathy Osborn (July 23, 2021, 4:55 PM EDT) -- While campaigning in 2020, President Joe Biden broadcast his concern about increased market concentration in American agribusiness. Then-candidate Biden promised to "protect small and medium-sized farmers and producers" from alleged "monopolistic markets" through increased enforcement of the Clayton Antitrust Act and the Packers and Stockyards Act.
On July 9, Biden took a step toward fulfilling that promise, issuing a wide-ranging executive order intended to promote competition in numerous sectors of the U.S. economy through 72 specific initiatives, including many in the food and agriculture industries.
The order instructs numerous federal agencies, including the primary antitrust enforcers, to undertake multiple actions to...
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