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Meat Processing Support: New Loans and Grants

This act aims to increase the number and capacity of meat and poultry processing facilities in the U.S. This could give farmers more options for selling their products, potentially affecting meat price stability and the availability of local products for consumers. Financial support is intended to help develop smaller, local processing businesses.
Key points
Loans and loan guarantees will be available for businesses and individuals looking to expand or open meat and poultry processing facilities.
Financial support aims to increase processing capacity, which could lead to greater competition and better prices for farmers.
The act also provides grants for the development and modernization of existing processing facilities and for employee training.
Preference will be given to applicants with experience who can quickly scale up processing capacity in a given region.
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Additional Information
Print number: 117_HR_4140
Sponsor: Rep. Johnson, Dusty [R-SD-At Large]
Process start date: 2021-06-24