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ON HIGH FOOD PRICES, WHITE HOUSE CITES "GREED OF MEAT CONGLOMERATES"
Dec. 16, 2021
Agri-Pulse reports:
The White House is doubling down on blaming meatpackers for higher food prices. White House press secretary Jen Psaki was pressed at a news conference Tuesday to say how corporate greed had caused inflation. She immediately cited the "greed of meat conglomerates."
"That is one area where when people go to the grocery store and they're trying to buy a pound of meat, two pounds of meat, ten pounds of meat, the prices are higher," Psaki said.
In the view of President Biden and Agriculture Secretary Tom Vilsack, the price increases amount to "corporate greed," she added. "You could call it jacking up prices during a pandemic."
Meatpackers note that the industry was highly consolidated long before the latest spikes in retail prices, which the industry attributes to strong consumer demand.
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