Welcome to our latest update on the Department of Agriculture's news and developments. This week, the USDA made a significant announcement that's set to make waves in the livestock, meat, and poultry industries. On June 25, 2024, the USDA proposed a new rule to clarify unfair practices in these sectors, aiming to create a fairer, more competitive, and more resilient meat and poultry supply chain[1].

This proposed rule, part of the *Fair and Competitive Livestock and Poultry Markets* initiative, tackles longstanding challenges around interpretations of unfairness and competitive injury. Secretary Tom Vilsack emphasized that this move supports farmers and growers and aligns with President Biden's plan to lower food costs for consumers.

In October, the USDA took further steps to promote fair and competitive markets for American farmers and ranchers. These actions included enhancing research access to seeds to promote generic products, identifying hidden fees and unfair pricing practices in beef sales markets, and setting out options for transparency and fairer trading in cattle markets[3].

The USDA has also been investing heavily in local and regional food systems, with a recent announcement of a $1.13 billion investment to support these initiatives. Additionally, the department is investing $6.3 billion in rural and Tribal communities across 44 states to expand access to a clean and reliable electric grid, provide safe drinking water, and create good-paying jobs[5].

These developments have significant impacts on American citizens, businesses, and state and local governments. For consumers, these actions aim to lower food prices and ensure a more resilient food supply chain. For farmers and ranchers, these initiatives promote fair and competitive markets, which can lead to better economic outcomes.

Secretary Vilsack noted, "These actions are part of the Biden-Harris Administration's broader effort to promote competition in the American economy and to support American farmers and ranchers."

Looking ahead, the USDA is set to continue its efforts to enhance competition and fairness in agricultural markets. Citizens can engage with these initiatives by staying informed through the USDA's website and by participating in public comment periods for proposed rules.

For more information on these developments and to stay updated on USDA news, visit the USDA's website. And don't forget to tune in to our next episode for more insights into how the USDA is working to improve the lives of all Americans. Thank you for listening.

This content was created in partnership and with the help of Artificial Intelligence AI