The "Family Grocery and Farmer Relief Act" seeks to address excessive concentration and market power within the U.S. meatpacking industry, aiming to reduce prices for consumers and improve conditions for farmers and workers. Congress finds that a few dominant firms control a significant share of the beef, pork, and chicken markets, leading to diminished competition, suppressed wages, and higher consumer prices. This consolidation has also reduced bargaining power for independent producers and increased vulnerability to unfair practices. To restore competition, the bill makes it unlawful for a covered meatpacking enterprise to operate in more than one line of protein (beef, pork, or poultry). This provision mandates divestiture for any firm currently violating this rule, requiring the Federal Trade Commission (FTC) to develop and oversee plans for selling assets or creating new, independent entities. The FTC must prioritize avoiding reconcentration and encouraging ownership by farmers' cooperatives, worker-owned enterprises, and small or mid-sized businesses during these divestitures. Specific rules are established for the beef meatpacking market, requiring divestiture if market concentration (measured by HHI or CR4) exceeds certain thresholds or if any single firm holds 30 percent or more market share. The FTC is empowered to order divestitures and use equitable powers to deconcentrate these markets. Additionally, the bill prohibits beef meatpacking enterprises from slaughtering more than 10 percent of cattle from any single large feedlot in a calendar year, aiming to curb vertical consolidation and protect independent producers. The legislation also targets foreign influence, making it unlawful for covered foreign-controlled meatpacking enterprises, specifically naming JBS S.A., to operate in U.S. interstate commerce. These entities would be required to divest their U.S. operations, with the FTC again tasked with overseeing plans that promote competition and national security. The bill also mandates a study by the FTC on other foreign-controlled entities to determine if further divestment or remedial action is needed to protect competition, national security, or food system resilience. To address high consumer prices, the bill emphasizes the FTC's existing authority under the Packers and Stockyards Act and the Federal Trade Commission Act to combat unfair and unjustly discriminatory retail and wholesale meat prices and price discrimination. It requires the FTC to report on how it is maximizing these authorities to prevent practices that harm consumers and independent grocers. This includes investigating market structure, pricing, and merchandising practices to ensure fair competition. Furthermore, the bill authorizes the Small Business Administration to provide financial assistance, loan guarantees, and technical aid to farmers' cooperatives and small businesses. This support is specifically for acquiring, operating, or expanding meatpacking plants divested under the Act, with preference given to locally or regionally focused operations. The FTC is granted robust enforcement authority, including civil penalties for failure to divest, and is directed to use recovered funds to support the development of new competitors, thereby fostering a more competitive and resilient food supply chain.