(AUGUST 23, 2021) – Senator Bob Menendez (D-NJ) and Senator Marco Rubio (R-FL) recently sent a letter to Secretary of the Treasury, Janet Yellen, requesting a review by the Committee on Foreign Investment in the United States on ALL U.S. acquisitions by Brazilian meatpacking giant, JBS, its holding company J & F Investments, and any entity controlled or owned by the Batista brothers.
In 2019, USCA requested a similar review by the aforementioned Committee.
USCA is firmly opposed to the increasing consolidation of the meat-packing sector and foreign ownership of U.S. agricultural interests. As USCA past president Kenny Graner said at the time we sent our letter:
“Today, nearly 30 million acres of U.S. agricultural land is held by foreign investors. Once Americans lose out on that capacity – whether it be land, feedlots, meat processing facilities, or other resources – it may be that we will never have the opportunity to buy it back.
“In short, the growing trend of foreign interests acquiring U.S. agricultural resources jeopardizes the ability of our nation to feed itself.”
>>> Read the Senators’ letter here. <<<