This week, the Assistant Attorney General for the Department of Justice’s Antitrust Division defended the DOJ’s plans to enforce antitrust laws that affect agribusiness.
This week, the Assistant Attorney General for the Department of Justice’s Antitrust Division defended the DOJ’s plans to enforce antitrust laws that affect agribusiness.
Transcript
This week, the Assistant Attorney General for the Department of Justice’s Antitrust Division defended the DOJ’s plans to enforce antitrust laws that affect agribusiness.
Speaking at the Drake Law School in Des Moines, Iowa, Assistant Attorney General Gail Slater asserted that evolving markets require steady monitoring as conditions change.
Gail Slater, Assistant Attorney General, Department of Justice’s Antitrust Division: “If our big tech cases against Google have taught us anything, it's that even relatively fast moving internet markets can remain monopolized for decades. Our litigation experience suggests that we cannot assume that markets will always self-correct. That market concentration is never a problem. That entry is always easy. That exclusionary conduct, usually sales, and that buyer power, is never an issue worth investigating.”
Slater also spoke to the importance of enforcing the Packers and Stockyards Act, which functions as a safeguard against exploitation of farmers and ranchers by the meat packing industry.
Gail Slater, Gail Slater, Assistant Attorney General, Department of Justice’s Antitrust Division: “This is the ranchers American dream, but this can only happen if the current generation can keep their ranch operating and free, fair and competitive markets. For this to become reality, our great farmers, ranchers and small businesses like independent seed dealers need an antitrust cop on the beat.”
For Market to Market, I’m Peter Tubbs
Watch More
The war brings volatile prices to La Salle Street and Main Street. Past failures in America’s land promise. Commodity market analysis with Naomi Blohm.
Don Schieber built a seed cleaning business that saved his farm. He has traveled the world selling American wheat, and spent 50 years officiating Friday night football in Oklahoma. Now he's retiring and he's got stories you won't hear anywhere else. This is what a life in agriculture looks like.
The war in Iran threatens to make inputs more expensive. Building an agriculture program that’s feeding a changing local community. Commodity market analysis with Matt Bennett.