The U.S. Department of Agriculture (USDA) announced an additional $100 million investment into the food supply chain infrastructure. The National Cattlemenâ€™s Beef Association (NCBA) supports this step to prioritize the expansion of beef processing capacity and dedicate further resources to build a more resilient cattle industry.
â€śOur number one goal at NBCA continues to be opening up new opportunities for cattle producers to be profitable,â€ť said NCBA Vice President of Government Affairs Ethan Lane. â€śThe pandemic accentuated a number of vulnerabilities within our supply chainsâ€”chiefly the choke point at the meatpacking sector which has resulted in unsustainable prices for cattle producers and increased the cost of beef for consumers. Todayâ€™s announcement is another step toward returning stability to the markets, and NCBA urges USDA to announce eligibility requirements and application instructions as quickly as possible.â€ť
The $100 million announced today is in addition to the $500 million announced earlier this year.
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