USDA Announces Support for Small and Mid-size Beef Processors

Through the Strengthening Processing for U.S. Ranchers (SPUR) Program, USDA will provide up to $500 million in payments to eligible entities to support stronger and more stable market opportunities for American ranchers. Payments are intended to provide financial support to eligible beef processors who have faced increased costs of acquiring cattle for processing due to the abnormally low number of cattle being raised in the U.S. at this time and other conditions currently impacting the cattle market. Entities eligible to receive funding under SPUR must be U.S.-owned beef processing establishments under Federal inspection, and also inspected under the Talmadge-Aiken Cooperative Inspection Program and the Cooperative Interstate Shipment Program (CIS).