Lawmakers Urge FTC to Investigate Kroger-Albertsons Merger

Senate Democrats urge the Federal Trade Commission to investigate the proposed merger between Kroger and Albertsons. The two are concerned about the transaction’s potential implications for consumers. The group of lawmakers includes Minnesota’s Amy Klobuchar, Connecticut’s Richard Blumenthal and New Jersey’s Cory Booker. In a letter to the FTC, the lawmakers say, “The grocery industry is essential to daily life, and Americans need the benefits that robust competition brings, namely lower prices, higher quality, and innovation.” The lawmakers say the merger comes as food prices are elevated, and “too many American families are struggling to put food on the table.” When Albertson’s merged with Safeway in 2015, the FTC found that the merger was likely to harm competition in 130 separate markets and required the company to sell more than 150 stores. Additionally, Klobuchar announced the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, will hold a hearing in November to examine the proposed transaction.

Related articles

Friday, December 2nd, 2022 Video and Audio Program

A busy week of trade and a volatile Friday session calls for a jam packed program to wrap up the week! First up, we are joined by DuWayne Bosse of Bolt Marketing to discuss the...

EPA Proposes RFS Volumes for 2023-2025 With Modest Boost for Conventional Ethanol; Not Everyone is Happy

The EPA is finally out with proposed Renewable Fuel Standard volumes for 2023 through 2025, and the ethanol industry is mostly pleased. “A clear pathway for sustainable growth” and an “upward trajectory” for clean...

NCBA Applauds Protect Farmers from the SEC ACT in Senate

The National Cattlemen’s Beef Association supports the Senate version of the Protect Farmers from the SEC Act, a companion bill to legislation introduced into the House of Representatives by Oklahoma Republican Frank Lucas. “The Securities...

USDA Expands Revenue Protection for Oat and Rye Producers

The country’s oat and rye producers can now benefit from revenue protection, a new crop insurance option available through the USDA. After listening to growers, the Risk Management Agency expanded the Small Grains Crop...

2022 Has Been a Challenge for Cattle Producers

Acknowledging every year has its ups and its down, Cameron Mulrony says 2022 was a challenging year for local cattle producers to say the least. Mulrony, the Executive Vice President of the Idaho Cattle Association...

Latest articles

%d bloggers like this: