Certain retailers prohibited from obtaining an ownership interest in livestock dealers or meat packing companies, and certain exclusive contracts prohibited.

This bill prohibits large meat retailers from owning stakes in livestock dealers or meat packing companies and from signing exclusive contracts that require those suppliers to sell only to them. It defines a "dominant retailer" as a company selling over $18 billion in meat annually with locations in at least 20 states, including Minnesota. The law requires these retailers to divest any existing ownership interests by January 1, 2028, with a possible 180-day extension if they show good faith efforts to comply. The attorney general will identify which retailers fall under this definition starting in 2027, and violators could face daily fines of $25,000.