(PatrioticPost.com)- It’s no surprise that the price of basically everything has increased recently. Now, the White House is trying to do something about it, simultaneously as it’s blaming middle men for the problem.
On Monday, the Biden administration announced that it will try to combat the increasing prices of both poultry and other meat products. That will include giving $1 billion to smaller producers of these goods from the American Rescue Plan’s pandemic-related funding.
Inflation has been causing a huge problem for many Americans, in that the prices of just about everything has been increasing. Food prices have been increasing most dramatically, though, with food prices increasing roughly 6% in recent months. A big part of that increase is the rising cost of poultry and other meats.
In a fact sheet, the White House announced:
“When dominant middlemen control so much of the supply chain, they can increase their own profits at the expense of both farmers — who make less — and consumers — who pay more.
“Most farmers now have little or no choice of buyer for their product and little leverage to negotiate, causing their share of every dollar spent on food to decline.”
In other words, the Biden administration is blaming the companies that stand in the middle of the farmers and the end consumers. They are taking no responsibility at all for inflation and rising prices.
The Biden administration said that one of the goals of this investment to the smaller producers of food is to stimulate and then ensure there is good competition that happens in that industry. They want to make sure that large conglomerates aren’t able to grasp and then maintain singular control of the market.
Of the total investment the White House plans to make, $375 million will be in the form of grants going to independent producers of meat, $275 million will be made available to food processors, with another $100 million going to train employees who work in the poultry and meat industry.
It’s funding that seems to be way overdue.
An analysis released last summer showed that in just the first six months of the Biden administration, the Consumer Price Index increased a whopping 3.6%. That information came from the Heritage Foundation, which conducted an independent study of the situation.
Since then, things have only gotten worse. In November of 2021, for example, the CPI increased 6.8% over the same month the year before. That’s the fastest single-month increase since way back in June of 1982. That month, inflation topped out at 7.1%.
Core prices increased by 4.9% in November. That category includes energy and food, and was the highest rate increase in 20 years.
It’s not just food that’s going up in cost, though.
Energy prices increased 3.5%. Gasoline increased a whopping 58.1%, and prices for used trucks and cars increased 31% year over year.