The U.S. President signed an executive order final week with 72 factors of motion centered on agriculture, know-how, and medicines. The doc tackles objects from competition points within the meat packing industry, to railways and logistics, and on to the precise to restore gear and client electronics.
To dig in to the order and what it could imply for not solely the American industry, but in addition Canadian worth chains, we go to Jim Wiesemeyer, Washington coverage analyst for Professional Farmer.
Wiesemeyer says this executive order is fascinating in that totally one-fifth of the 72 factors of motion fall underneath the purview of the U.S. Division of Agriculture (USDA).
Of specific observe are adjustments to the Packers & Stockyards Act, the place adjustments will give the act extra tooth to permit farmers and ranchers to problem discriminatory practices by meat packers, with out having to show damages. There’s additionally a degree the place Biden asks the USDA to “consider” issuing new guidelines with regard to meals that bears the lable “Product of USA,” which could trigger complications for built-in worth chains, reminiscent of beef.
In step with beef, the order additionally incorporates a dedication of US$500 million to extend meat processing capability, and one other US$150 million for small and really small processors.
There’s way more within the order, together with language concerning how the Federal Commerce Fee offers with the “right to repair” motion, nonetheless Wiesemeyer says its vital to notice that every one of those directives are inside an executive order — and never codified into legislation. It probably means a number of of the factors will likely be challenged and will not transfer ahead.
Try the total dialog between Weisemeyer and RealAg Radio host Shaun Haney, beneath: