President Biden’s July 2021 executive order directed multiple federal agencies to revive antitrust enforcement and promote competition throughout the U.S. economy. The order dispatched the USDA, the FTC, and the DOJ to address monopoly power in the food and agriculture system. Successful completion of these objectives has the potential to tip the balance of power toward farmers, ranchers, and the American people.
In June of 2022, Farm Action and Open Markets Institute set out to assess the Biden administration’s progress towards these directives. The groups’ Midterm Review of the Biden Administration’s Commitment to Food System Competition measured work by the DOJ, FTC, and USDA to address and diminish monopoly power in the food system.
Farm Action and Open Markets Institute thank Ben Lilliston, Institute for Agriculture and Trade Policy, and members of the Food and Water Watch team for reviewing the draft report.