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President Joe Biden recently signed an executive order aimed at increasing competition across all sectors of the economy. This is a long time coming and a good first step in addressing a number of long-term problems.

One important point of interest for agriculture is the change to the Grain Inspection Packers and Stockyards Act (GIPSA). The executive order addresses the current rule that a farmer who has been wronged had to show harm to competition in an entire sector or the entire industry to bring a claim under GIPSA. This is a virtual impossibility. The revised rule would protect individual farmers from corporate abuses that they have had to deal with for far too long.

Author: Darvin Bentlage