Bill Would Impose Moratorium on Industrial Agriculture Mergers and Acquisitions

H.R. 7827, the “Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022,” temporarily would prohibit the acquisition of industrial agriculture businesses with annual revenue of at least $16,000,000 by industrial agriculture companies with existing revenue of at least $160,000,000. The bill was introduced by Representative Mark Pocan and has been referred to the House Judiciary Committee and the House Agriculture Committee.