H.R. 7589: Resilient Food Supply Chain and Affordability Act

The Resilient Food Supply Chain and Affordability Act aims to direct the Secretary of Agriculture to maintain and continue the Resilient Food Systems Infrastructure program. This program was initially established as part of the American Rescue Plan Act of 2021 and is designed to enhance and secure the food supply chain in the United States.

Key Provisions of the Bill

• The bill ensures that the Resilient Food Systems Infrastructure program continues to operate as it has been since its inception.
• It allows recipients of funding from this program to use those funds for activities related to meat and poultry products, expanding the scope of the current program.

Program Goals

The main goals of the Resilient Food Systems Infrastructure program include:

• Improving the resilience and efficiency of the food supply chain.
• Supporting various agricultural sectors to ensure food affordability and accessibility.
• Addressing disruptions that can affect food availability, such as natural disasters or market fluctuations.

Funding Use Expansion

With the proposed changes, organizations or businesses that receive funding may direct those resources toward:

• Enhancing production capabilities for meat and poultry.
• Improving processing and distribution infrastructure for these products.
• Implementing innovations to enhance the safety and quality of meat and poultry supply.

Implementation and Oversight

The bill stipulates that the program must be carried out in accordance with existing guidelines, ensuring continuity in its execution. The Secretary of Agriculture will oversee the program’s ongoing activities and ensure that they align with the objectives of enhancing and maintaining a resilient food supply chain.

Relevant Companies

• TSN - Tyson Foods, Inc.: As a major producer of meat and poultry, Tyson Foods could see increased funding opportunities for infrastructure improvements or innovations in processing and distribution as a result of this bill.
• HRL - Hormel Foods Corporation: Hormel, known for its meat products, may leverage opportunities for funding to enhance its production and supply chain capabilities for meat and poultry under this expanded program.