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Agricultural News


LMA Applauds Bill to Allow Livestock Auction Investment in Small and Regional Packers

Fri, 08 Apr 2022 07:39:01 CDT

LMA Applauds Bill to Allow Livestock Auction Investment in Small and Regional Packers Congresswoman Vicky Hartzler (R-Mo.) and Rep. Jimmy Panetta (D-Calif.), introduced the Amplifying Processing of Livestock in the United States . If enacted, the bill would remove a regulatory barrier and allow livestock auction market owners to own or invest in small and regional meatpacking entities.

The Administration, Congress and the livestock industry agree there is a need for increased packer competition and additional shackle space. Currently, livestock auctions are not able to own, invest or participate in the operation of a packing plant or meat marketing business due to dated Packers and Stockyards Act regulation (9 CFR 201.67). This legislation is essential in removing this unnecessary barrier to cattle industry investment in the packing sector. The bill would allow livestock auction owners to own or invest in a meat packing entity with a cumulative slaughter capacity of less than 2,000 animals per day or 700,000 animals per year.

"We greatly appreciate Congresswoman Hartzler and Congressman Panetta introducing the A-PLUS Act to reduce a regulatory barrier that currently prohibits livestock auction owners like myself from investing in much needed packing capacity expansion," LMA President Larry Schnell said. "This is a great bill that will spur additional capacity and especially additional packers to increase competition and improve profitability for producers."

If you have questions about the A-PLUS Act, please reach out to Chelsea Good, Vice President of Government and Industry Affairs & Legal at cgood@lmaweb.com or 816-305-9540.


   

 

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