Nebraska
Senator Deb Fischer Introduces Cattle Market
Transparency Bill
(SEPTEMBER
22, 2020) - On Tuesday, U.S. Senator Deb Fisher (R-NE) introduced the Cattle Market
Transparency Act of 2020, which focuses on two main elements:
ensuring regionally sufficient negotiated cash trade, and equipping
producers with more information.
United States Cattlemen's Association
Board Member Lee Reichmuth issued the following statement on the
bill:
"As a Nebraska cattle producer, I echo the same sentiments expressed
by Senator Fischer on the impacts to our livelihood of increased packer
competition, decreased competition, and a declining cash market. This
bill builds off the recommendations provided by the U.S. Department of
Agriculture in its Boxed Beef and Fed Cattle Price Spread Investigation Report and
discussions producers across the U.S. are having in response to
historically low cattle prices and a dysfunctional marketplace.
"USCA has led on this conversation, through our work on Capitol
Hill and bringing folks together in the countryside via events
like the 2020 Winter Thaw.
The USCA Marketing and Competition Committee is currently
reviewing the legislation in its entirety and will report its findings in
the days ahead."