By ALEXANDRA JAFFE STORM LAKE, Iowa (AP) — Democratic presidential contenders Elizabeth Warren and Amy Klobuchar expressed support Saturday for strengthening antitrust laws and enforcement to break up big agriculture monopolies. “You’ve got these giant corporations that are making bigger and bigger profits … and they’re putting the squeeze on family farms and small farms,” Warren said at the Heartland Forum, which was focused on rural issues. The U.S. senator from Massachusetts called for breaking up some of the biggest farming corporations “so that they not only do not have that kind of economic power, so that they’re wiping out competition, so they’re taking all the profits for themselves … but also so that they don’t have that kind of political power.” While supporting an antitrust approach, Klobuchar, a senator and Minnesota Democrat, also proposed putting a fee on corporate mergers to help investigate noncompetitive practices. “If we stifle competition through monopolies, we’re not just going to bring up the prices for consumers, we’re going to stifle entrepreneurship,” she said. Targeting monopolies was a key part of the agriculture policy Warren rolled out this week, which included a handful of proposals aimed at helping family farmers compete in a market… Read full this story
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