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Climate change, supply chain and labor issues are making food pricier

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The Biden administration said Wednesday it plans to take “bold action” to enforce antitrust laws aimed at meatpacking companies it says are causing beef, pork, and poultry prices to rise at the grocery store.

Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said.

Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several years. The pandemic disruptions then sped up the rate of growth in prices.

These price increases have significant consequences for the most vulnerable Americans. The United States Department of Agriculture reported…



Source cnbc.com

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