Sec. Rollins: Half of These Meatpacking Giants Are Either Foreign-Owned or Have Significant Foreign Ownership and Control

EXCERPT:

ROLLINS: “Today, the concentration of larger plants opens the door to tighter coordination by the big four with producers and perhaps the exertion of control over them as well, given they have limited options to sell their cattle. As ranchers face fewer options for selling their animals, the big four grow stronger and stronger. These companies now have an unprecedented ability to wield market power and influence prices paid for cattle, definitely more so than if we had greater competition. On top of that, half of these meatpacking giants, including the largest meatpacker in the world, are either foreign-owned or have significant foreign ownership and control, making them a threat not just to our cattle producers but a threat to America itself.”