Food & Power presents the second article in a three-part series examining the influence of farmland investing on equity and the future of food.
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Food safety officials lifted a ban on Friday on Brazilian beef imports, introducing a potential windfall for multinational meatpackers and significant threats to American ranchers and consumers.
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Over the past month, health authorities in Europe, China, and Brazil have all temporarily pulled beef from the Brazilian meat giant JBS off of grocery store shelves, in response to evidence that the company was involved in a massive corruption scandal to export rotten and contaminated meat. Yet here at home, the Trump Administration has yet to take meaningful action against JBS imports from Brazil. On the contrary, JBS has continued to expand its reach and political power in the U.S.
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Cattle prices hit historic lows in some parts of the country in November, even as the first shipments of Brazilian beef arrived in U.S. ports after the USDA’s recent decision to lift a 13-year-old ban on that country. Ranchers say the combination will likely drive many American ranchers out of business.
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