(NAFB) – President Joe Biden and Agriculture Secretary Tom Vilsack met with farmers and ranchers at the White House Monday to announce a meat supply chain action plan.

The plan includes four core strategies for creating a more competitive, fair, resilient meat and poultry sector, with better earnings for producers and more choices and affordable prices for consumers. The core strategies include expanding independent processing capacity, supporting workers at independent processors, strengthening rules to protect farmers and consumers, and promoting vigorous and fair enforcement of the existing competition laws. That includes issuing new and stronger rules under the Packers and Stockyards Act and new product of USA labeling rules so “consumers can better understand where their meat comes from.”

The action plan includes $1 billion to expand independent processing capacity. The White House calls the meat and poultry processing sector a textbook example of an industry dominated by a handful of large companies, with lack of competition hurting consumers, producers, and the economy.