Corporate Farming News

Corporate Farming Notes

Groups Oppose Meatpacking Giant’s Purchase
On December 21, 43 livestock, farm, and consumer organizations urged the US Department of Justice to undertake a vigorous review of meatpacking giant JBS’s proposed acquisition of beef packing plants in Nampa, Idaho, and Omaha, Nebraska. Specifically, their letter called on the Justice Department to “undertake an expanded, probing, and in-depth investigation into the proposal by JBS USA to acquire two US-based beef packing plants owned by Canadian-based XL Four Star Beef.”

Corporate Farming Notes

According to Chris Willis, KXAN Lead Investigative Reporter in Austin, Texas, some of Texas’ wealthiest corporations save tens of thousands of dollars in property taxes under a provision of the Texas constitution that allows for reduced valuations of land used for farming and ranching.

Monsanto Biotech Rider Bypasses Legal Requirements

Monsanto, the world’s largest seed company, inserted a rider in the US House Bill to fund the government next year. It would allow biotech crops to be planted even if courts rule they were approved illegally, according to Reuters business news service.

 

Monsanto spent $6.37 million on Washington lobbying last year, and $1.4 million so far this year, according to the nonpartisan Center for Responsive Politics.

What’s Driving Corporate Ag?

In April, the US Government Accountability Office (GAO) released a report, Crop Insurance: Savings Would Result from Program Changes and Greater Use of Data Mining, which recommends Congress better target federal crop insurance subsidies to smaller family farms and ranches.

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