The U.S. Department of Agriculture’s Secretary Tom Vilsack announced March 31 that the USDA will purchase up to a $60 million bonus of turkey meat to help stabilize falling turkey prices, according to a National Turkey Federation press release.
The secretary said USDA’s Agricultural Marketing Service intends to expedite a major bonus purchase of turkey meat within the next six weeks to help turkey growers and processors who have been hurt in the current recession. His announcement came while testifying before the House Agriculture Appropriations Subcommittee.
“This purchase hopefully will help reverse a downward trend in turkey prices.” said NTF President Joel Brandenberger in the release.
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