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Agricultural News

AFR Applauds Rep. Frank Lucas for Support of Cattle Contract Library Act

Thu, 21 Oct 2021 08:21:04 CDT

Rep. Frank Lucas (OK-03) has signed on as an original cosponsor of the Cattle Contract Library Act of 2021 (H.R. 5609). The bipartisan bill would direct the United States Department of Agriculture's (USDA) Agriculture Marketing Service (AMS) to establish a contract library for cattle producers.
The bill directs USDA to regularly update the library in a user-friendly format and provide weekly or monthly reports as applicable. The proposed cattle contract library would provide ranchers with information such as the type and duration of a contract, the total number of packer-committed cattle each week, and more.
"The current lack of relevant market information has hamstrung ranchers as they attempt to navigate the market and negotiate prices for their cattle," said American Farmers & Ranchers (AFR) Cooperative President Scott Blubaugh. "With no cattle contract library to reference, ranchers are currently at a disadvantage in their own industry.
"The survival and success of America's ranchers depend on modifications to the current cattle market structure. I commend Rep. Frank Lucas for his leadership as we navigate this incredibly important and complex issue. The cattle contract library is critical, but it's not a silver bullet. It's a great first step in the many steps we'll need to take as we work toward meaningful, effective market reform that will ensure a fair and transparent marketplace for Oklahoma ranchers."
AFR Cooperative is a membership services organization established in 1905 as Oklahoma Farmers Union. AFR provides educational, legislative and cooperative programs across the state and serves as a watchdog for Oklahoma's family farmers and ranchers and rural communities. The organization is actively supportive of the state's agricultural industry and rural population with membership consisting of farmers actively involved in production agriculture and non-farmers adding their voice in support of AFR principles.


   

 

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