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Insights for the Food and Grocery Industry

USDA invests $196 Million to bolster agricultural supply chain and lower food costs

The US Department of Agriculture (USDA) announced a substantial investment of $196 million during the inaugural meeting of the White House Council on Supply Chain Resilience. The initiative aims to fortify the agricultural supply chain and reduce food costs. Agriculture Secretary Tom Vilsack highlighted the administration’s commitment to supporting farmers, enhancing supply chains, foreseeing economic opportunities, and increasing competition. This funding will bolster 185 projects nationwide, fostering market opportunities for producers and entrepreneurs. Examples of funding allocations include Lot 279 LLC’s plan to expand direct-to-consumer beef sales, Centrillium Protein LLC’s meat processing equipment acquisition, FlexCold LLC’s investment in cold storage equipment, and White Oak Pastures Inc.’s utilisation of funds for processing beef and chicken products. These investments aim to enhance revenue streams, create jobs, and augment the availability of diverse food options for consumers.

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