Indefinite moratorium on ag mergers proposed
May 23, 2019 By Larry Lee Filed Under: Ag Mergers & Acquisitions, News
proposed moratorium on agribusiness mergers has been re-introduced in the U.S.
Senate. Democrats Cory Booker of New Jersey and Jon Tester of Montana
authored the bill, which would immediately stop acquisitions and mergers in the
food and agriculture sector.
says if passed, the moratorium would remain until Congress passes comprehensive
legislation addressing agricultural market concentration. That’s
different from last August when Booker first tried to move the moratorium bill
with an 18-month limit.
The bill has also been introduced in the House by Wisconsin Representative Mark Pocan.
Booker says excessive levels of concentration and market power are devastating independent family farmers and ranchers and hollowing out rural communities.
Several organizations have sent a letter to Congress indicating their support for the proposed moratorium.
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