US Secretary of Agriculture Brooke L. Rollins announced on Tuesday (30) the creation of Program for Strengthening Processing for American Livestock Farmers (SPUR), an initiative that will allocate up to US$500 million to support small and medium-sized beef processing plants in the country. According to the U.S. Department of Agriculture (USDA)The program aims to expand market opportunities for American cattle ranchers by strengthening the financial capacity of independent processors. Resources will be allocated to eligible meatpacking plants that have faced increased costs in acquiring cattle for slaughter, in a scenario marked by historically reduced cattle supply in the United States and other conditions that have pressured the livestock market. The payments foreseen by the program are as follows: SPUR The goal is to alleviate these costs, contributing to the maintenance of activity and the strengthening of competition in the beef processing sector. Beef processing establishments under federal inspection, as well as units inspected by the Talmadge-Aiken Cooperative Inspection Program and the Cooperative Interstate Shipping Program (CIS), may participate in the program. To be eligible, companies must also be U.S.-owned and cannot hold a dominant position in the domestic beef processing market, nor belong to groups that hold that position.
This text was translated by machine from Brazilian Portuguese.