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Groups request hearing on livestock price reporting rule
The United States Cattlemen’s Association (USCA), National Farmers Union and eleven other organizations are calling for a Senate Agriculture Committee hearing on reauthorization of livestock mandatory price reporting.
The current rule expires at the end of September and the groups say it presents an opportunity to “make meaningful change to the program to increase transparency and true price discovery”.
The groups, in a letter to the committee, request that “all available solutions” be considered to address depressed livestock prices and increased consolidation in the cattle industry. They warn that time is running out to develop an effective reauthorization of the program.
Organizations signing on to the letter include: Independent Beef Association of North Dakota, Independent Cattlemen’s Association of Nebraska, Independent Cattlemen’s Association of Texas, Kansas Cattlemen’s Association, Marias River Livestock Association, Montana Cattlemen’s Association, Montana Farmers Union, National Farmers Union, North Dakota Farmers Union, Rocky Mountain Farmers Union, South Dakota Farmers Union, Women Involved in Farm Economics and USCA.
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