The Biden-Harris administration’s action plan includes investing up to $375 million in grants and loans through the USDA to help eligible processors expand capacity and to encourage competition and growth in the U.S. meat processing sector.
The investments are part of a series of financial assistance tools intended to support smaller producers in increasing capacity. The effort is expected to substantially increase cattle and pig slaughter capacity while adding more than 1,100 jobs mostly in rural areas where the plants are located.