The Byden administration plans to take “bold action” on Wednesday to enforce antitrust laws against meat packaging companies that say they are raising prices for beef, pork and chicken in grocery stores. Stated.
According to the White House, beef prices are rising, but farmers and ranchers’ incomes are declining.
Climate change, labor issues, transportation concerns, and other supply chain disruptions have contributed to higher costs over the past few years. After that, the pandemic turmoil accelerated the rate of price increase.
These price increases have serious consequences for the most vulnerable Americans. The USDA reported on Wednesday that 13.8 million households were considered food insecurity in 2020.
The Biden administration increased support for the Supplemental Nutrition Assistance Program (SNAP) last month. Formerly known as food stamps, the benefits have increased by over 25%.
“This is a combination of all these factors,” said Phil Lempert, editor of SuperMarketGuru.com. “It’s very difficult to say what the pandemic did, what the climate change did, what the transport did, so we have to put it all together, and we put them all together. All have to be resolved together. “
Watch the video above to learn how much food prices have risen, why costs have risen, and what we can do about it.
Climate change, supply chains and labor issues make food more expensive
Source link Climate change, supply chains and labor issues make food more expensive