The Agriculture Department aims to offer up to $500 million in payments as meat processors navigate a livestock shortage.
SPUR Program will provide up to $500M in payments to eligible beef processors who have faced increased costs of acquiring ...
Aimed at stabilizing regional markets amid 75-year herd lows, the new program offers a financial lifeline to non-dominant, U.S.-owned packers.
The overall number of U.S. beef and dairy cattle has shrunk to its lowest level since 1951. Drought, rising operating costs and increased consolidation are among the causes.