Agricultural News
NCBA Looking for Answers About GIPSA's Knowledge of Eastern Livestock in Advance of Their Default
Fri, 17 Dec 2010 7:23:12 CST
The National Cattlemen's Beef Association is calling on the House and Senate Ag Committees to encourage USDA to be more open about the role of GIPSA in dealing with Eastern Livestock and the hot checks they have sent cattle producers in as many as 30 states. Total pricetag to those left holding these hot checks may exceed $130 million.
Colin Woodall of the NCBA's Washington office says they want to know what GIPSA knew about Eastern and when they knew it. He's hopeful that the new Chairman of the House Ag Committee, Oklahoma lawmaker Frank Lucas, can help in getting that information out of USDA.
Woodall says his group is also asking USDA to look at the programs they have on the books to see if they have any short term low interest loan programs that could be used to help those holding these hot checks from Eastern Livestock. He says that could help producers who were counting on those cattle sales to meet other obligations- as the legal system sorts out if producers will ever see any money from the order buyer.
We talk about all of this and more regarding Eastern Livestock with Woodall on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also 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.
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