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You are here: Home / Agriculture / Senator, AG seek to block Brazilian bid to buy meatpacker

Senator, AG seek to block Brazilian bid to buy meatpacker

October 21, 2008 By admin

Senator Chuck Grassley is praising the Justice Department and Iowa’s attorney general for trying to block a Brazilian company’s bid to become the largest meatpacker in America. Brazilian-based J-B-S wants to buy a Kansas City-based meatpacker, but Grassley, a Republican, joins with Iowa Attorney General Tom Miller, a Democrat, in saying the deal would be bad for Iowa livestock producers.

"Hopefully there’s a new attitude in the Justice Department towards mergers generally, but specifically towards agriculture mergers," Grassley says. Grassley sent a letter to the Justice Department earlier this year, objecting to the Brazilian company’s bid to buy not just National Beef Processors, but other U.S. meatpackers, too.

"Very seldom do I get positive responses from the Justice Department on these things because I think they don’t see the lack of competition in the same vein that I do," Grassley says. "You could have one packer controlling close to 40 percent of the slaughter in the United States and I think that that’s wrong." Attorney General Tom Miller says cattle prices would dip if the deal goes through because there’d be less competition in selling cattle for slaughter. 

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Filed Under: Agriculture, Politics / Govt Tagged With: Chuck Grassley, Democratic Party

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