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Here’s what Senator Jon Tester (family farmer from Montana) has to say about the “Food and Agribusiness Merger Moratorium and Antitrust Review Act”:

“Whether it’s meatpacking or infant formula, a lack of competition in the marketplace leads to tighter margins for American producers, higher costs for consumers, and makes our country less safe when these multi-national corporations fail to perform. Capitalism works exceptionally well when there’s competition, and this bill will help put family farmers back in the drivers’ seat by making our markets more competitive across the board.”

If passed, the bill would stop future acquisitions and mergers of large agricultural and food corporations. The moratorium would be lifted once Congress acts by passing comprehensive legislation to address the problem of growing market concentration in the agriculture and food sectors.

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