Agricultural News
USCA VP Thanks Congress for Legislation Introduction to Establish Cattle Contract Library
Wed, 20 Oct 2021 16:57:54 CDT
Today, Ranking Member of the Livestock & Foreign Agriculture Subcommittee Dusty Johnson and Representative Henry Cuellar introduced the bipartisan Cattle Contract Library Act of 2021, which would create a library for cattle contracts within the U.S. Department of Agriculture's Agriculture Marketing Service Department.
The bill instructs USDA to regularly update the library in a user-friendly format and provide weekly or monthly reports as applicable. The Cattle Contract Library will publish information related to the type and duration of a contract, the total number of committed cattle solely to the packer each week, and more.
United States Cattlemen's Association Vice President and South Dakotan Justin Tupper issued the following statement:
"USCA would like to thank Reps. Johnson, Cuellar, and the many others involved in continuing to push forward with meaningful changes to the Livestock Mandatory Reporting (LMR) program that will increase transparency in the cattle marketplace. A cattle contract library is sorely needed, and this bill is one step closer to bringing that concept to fruition."
The Cattle Contract Library Act is cosponsored by Reps. Tracey Mann (R-KS-01), Frank Lucas (R-OK-03), Rick Allen (R-GA-12), Ashley Hinson (R-IA-01), Kelly Armstrong (N.D.-AL), Jason Smith (R-MO-08), Trent Kelly (R-MS-01), Michelle Fischbach (R-MN-07), Angie Craig (D-MN-02), Mariannette Miller-Meeks (R-IA-02), Jim Hagedorn (R-MN-01), David Rouzer (R-NC-07), Vicky Hartzler (R-MO-04), Adrian Smith (R-NE-3), Abigail Spanberger (D-VA-07), and Darren Soto (R-FL-09).
Read a summary of the bill here.
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