Beef Buzz News
NCBA Continues Work With Members and Congress in Improving Market Transparency and Cash Cattle Trade
Tue, 17 Aug 2021 10:29:38 CDT
Ethan Lane, vice president of Governmental Affairs at the NCBA, broke down the legislative process - both in the NCBA and the federal government for Radio Oklahoma's own, Ron Hays.
Last week was a huge week for NCBA members and cattle producers across the country - NCBA's annual CattleCon21 was welcoming people to Nashville, Tennessee, where leadership revealed some big news and even bigger goals. One of which, being successful market research thanks to the voluntary 75% plan.
The 75% aims to balance the scales of information between cattle producers and packers, while maintaining packers' right to privacy. Read more about the plan, by clicking here, if you missed it.
"We need to arm (producers) with just as much information as everybody else, so they can go into that negotiation knowing what's possible with their cattle," Lane said.
When it comes to legislation, Lane said it is the NCBA's job to inform congress. He said the NCBA has members who have differing opinions when it comes to what legislation should move forward, and that's OK. The NCBA monitors its working groups and the market, so it knows what is working for the industry and what is not, Lane said.
"Our job has been to continue keeping the education process going," Lane said. "I think congress is really getting a first-class education in cattle markets right now."
Education of the industry is probably the best thing for congress going forward, said Lane. As the conversation continues, Lane thinks congress has realized there are no easy solutions to challenges the beef cattle industry is facing. With the cattle market being one of the most complex commodity markets on the planet, broad strokes and national-level mandates will not meet every producer's needs.
Click on the LISTEN BAR below to hear more from Ethan Lane, as he talks with Ron Hays about the future of Livestock Mandatory Reporting.
Today's Beef Buzz, from the 2021 Cattle Industry Convention in Nashville, Tennessee, is a service of Farm Data Services of Stillwater.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Photo credit: Beef Magazine
Listen to Ron and Ethan here
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