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Meat Processing Support: New Loans and Grants for Farmers

This act aims to boost meat and poultry processing capacity in the U.S. Citizens, especially farmers and small business owners, can access new loans and grants to expand or establish processing facilities, potentially impacting the availability and prices of meat products.
Key points
Loans and loan guarantees are available for businesses and individuals looking to increase livestock and poultry processing capacity, with preference for rural areas.
Farmer cooperatives can apply for larger loans, and individual farmers can receive support to purchase stock in these cooperatives.
Grants are also available for developing, upgrading, and improving regulatory compliance for meat and poultry processing facilities.
The goal is to increase competition and improve financial returns for livestock producers.
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Additional Information
Print number: 118_HR_559
Sponsor: Rep. Johnson, Dusty [R-SD-At Large]
Process start date: 2023-01-26