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U.S. Secretary of Agriculture Brooke Rollins announced the Strengthening Processing for U.S. Ranchers (SPUR) Program that will provide temporary support for eligible beef processing establishments. Under SPUR, the U.S. Department of Agriculture will provide up to $500 million in payments to eligible entities to support stronger and more stable market opportunities for American ranchers.
“America’s ranchers deserve a strong, competitive marketplace that rewards their hard work and preserves opportunity for generations to come,” said Secretary Brooke L. Rollins.
“Through the SPUR Program, 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.”
These payments are authorized under the Commodity Credit Corporation Charter Act and are administered by the Farm Service Agency. Payments are intended to provide financial support to eligible beef processors who have faced increased costs of acquiring cattle for processing due to the abnormally low number of cattle being raised in the U.S at this time and other conditions currently impacting the cattle market.
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.
Source: USDA
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