USDA recently announced the Strengthening Processing for U.S. Ranchers (SPUR) Program that is intended to provide temporary support for small- and mid-sized beef processors.
Through SPUR, USDA will provide up to $500 million to eligible entities to support opportunities for American ranchers.
“USDA is taking targeted action to preserve the independent processing capacity that ranchers rely on, strengthen competition across the American beef supply chain, and support rural communities across the country,” said USDA Secretary Brooke Rollins.
The action follows the department’s Plan to Fortify the American Beef Industry released last fall.
“Competitive supply chains help ensure American ranchers have reliable markets for their cattle,” said Under Secretary for Farm Production and Conservation Richard Fordyce.
Eligible entities must be U.S. owned and cannot be nationally dominant in beef processing, or owned by an entity that is.
Additional information, including applications, will be provided to eligible entities using contact information that is currently on file with the USDA Food Safety and Inspection Service.
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