IARN — Cattle market reform bills are moving in both chambers of Congress. Yesterday, the Senate Ag Committee held a hearing on the situation that just a small handful of companies control roughly three-fourths of the marketplace, and what can be done to encourage more competition.
You would think that this would be enough to get most cattle producers to agree and join forces, but it has not been the case. Some producers are actually frightened to testify.
Just ahead of Yesterday’s hearings, Iowa Senator Chuck Grassley talked about the status of the legislation that he and Nebraska Senator Deb Fischer have introduced to address the situation. Grassley said that there is plenty of support, but it is still a knotted-up situation with Ranking Member, Senator Boozman or Arkansas, opposing the bill. He points to a study from Texas A&M.
For more on this story, visit the Iowa Agribusiness Radio Network.
Photo by Riley Smith
