Donald Trump’s administration is preparing a “large package” of incentives to boost U.S. livestock production, which has been hit by high beef prices and rising imports, Agriculture Secretary Brooke Rollins announced.
Over the past decade, 17% of producers —about 150,000— have left the business amid consolidation in the slaughterhouse industry, much of it under foreign ownership. “We are going to encourage the opening of new areas and processing plants. Just as we want to bring manufacturing back, we must do the same with beef production,” Rollins said in an interview with CNBC.
