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Trump Beef Price Plans Fall Short for Ranchers

New York Times Business •
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The Trump administration launched several programs to address high beef prices and rancher concerns over imports. Agriculture Secretary Brooke Rollins opened a "Ranchers First Initiative" to provide financial certainty for herd expansion. This followed President Trump's authorization for farmers to process their own food and an August proclamation allowing 300,000 metric tons of lean beef trimmings at reduced tariffs.

Beef imports are up 13 percent from 2025, sparking backlash from ranchers and congressional Republicans. Walter Schweitzer, president of the Montana Farmers Union, called it a "pure gift to the Big Four meat processors." Economists say policies won't lower retail prices in the next year or two. Ground beef averaged $6.89 per pound in July, up 10 percent annually.

With midterms approaching, Trump aims to appease consumers and ranchers, a key voting bloc. U.S. cattle supply is at its lowest since 1951 due to drought and low prices. The initiative includes new insurance for heifer retention, wildfire recovery aid, and loan guarantees for small slaughter facilities targeting the Big Four — JBS, Tyson Foods, Cargill and National Beef — which control over 80 percent of slaughter. Jim Hertzog, a small processor, criticized relaxing regulations: "We have the best and the safest beef in the world.".