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Shining Light on Farm & Food Policy for 20 Years.
Thursday, May 09, 2024
The Senate Agriculture Committee approved bills Wednesday authorizing USDA to mandate minimum levels of cash trading in cattle and establish a special investigator’s office in USDA to probe allegations of unfair marketing practices.
The Senate Agriculture Committee is expected this week to approve proposals aimed at weakening the market power of meatpackers but have long divided producers.
In this opinion piece, former Rep. Collin Peterson, D-Minn., discusses how he believes the Cattle Price Discovery and Transparency Act is not the fix that it is intended to be.
A House Republican is calling for the Senate to move forward on cattle market reform efforts, saying it would give the House an opportunity to respond and push efforts closer to a final agreement.
Democrats struggling to deal with voter concerns about inflation are using a cattle markets reform bill to make the case that corporate CEOs are to blame for rising prices.
Legislation that would bring sweeping reforms to the way cattle are bought and sold had its day on Capitol Hill on Tuesday, but the bill’s prospects going forward remain bogged down in the complicated politics of the beef industry and Capitol Hill.
Members of the Senate Agriculture Committee queried a long list of witnesses Tuesday to determine whether or not a pair of bills before the panel would advance competition concerns for the nation’s beef producers.
Ahead of a key Senate hearing this week, economists at Texas A&M University have finished their analysis of a revised bill that would mandate levels of cash trading in the cattle markets.
President Joe Biden’s fiscal 2023 includes a $2.6 billion, or 9%, increase for USDA with many of the same themes of the first budget he proposed a year ago.
A bipartisan group of senators has rolled out an updated piece of legislation that they hope will solve price discovery issues for beef producers. But the new legislation includes language that has already elicited opposition from some of the nation's leading farm groups.
