In United States agricultural regulation, packer concentration is the degree to which a few large firms dominate total sales within segments of the meat-packing industry, which, some farmers and other critics contend, can cause or at least contribute to lower prices for their animals. Market control by five large packers in the early 1900s led to passage of the Packers and Stockyards Act of 1921 (P.L. 67-51; 7 U.S.C. 181 et seq.).
In United States agricultural regulation, packer concentration is the degree to which a few large firms dominate total sales within segments of the meat-packing industry, which, some farmers and other critics contend, can cause or at least contribute to lower prices for their animals. Market control by five large packers in the early 1900s led to passage of the Packers and Stockyards Act of 1921 (P.L. 67-51; 7 U.S.C. 181 et seq.).
Source: Wikipedia "Packer concentration" · CC BY-SA 4.0
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