Beef Buzz News
More Relief Could Be Headed To The Farm, Says NCBA's Colin Woodall
Fri, 15 May 2020 10:37:50 CDT
More relief could be headed to the farm as a result of the COVID-19 pandemic, said Colin Woodall, CEO of the National Cattlemen’s Beef Association, during an interview this week with Radio Oklahoma Ag Network Farm Director Ron Hays.
Ron Hays Beef Buzzes With Colin Woodall
Relief could come in the form of direct payments and/or policy changes.
“I do believe there is going to more money because Congress knows what was originally in the CARES package was not enough to take care of all our requirements,” Woodall said.
More than $5 billion has already been earmarked for the beef industry and Woodall said payment limits should be lifted.
We did feel the limits would have an impact for the larger operations, so we have pushed to raise the limits, Woodall said. He added it is an administrative action so the USDA could act quickly.
On the policy side, U.S. Sen. Chuck Grassley (R-Iowa) has proposed legislation mandating negotiated cash cattle trading be increased to 50 percent.
Woodall said he is opposed to that idea.
“Our policy is clear,” Woodall said, “because our experience shows when you have a government program it doesn’t always work out the way you expect and then you spend years trying to fix it. We just don’t think a mandate is the way to go.”
Research by Colorado State University Livestock Market Economist Dr. Stephen Koontz supports the NCBA concerns. Koontz sent out a letter stating we need more cash cattle trade but mandating it is the wrong approach.
We all agree that we need more price discovery and one way to achieve that is through more cash trade, Woodall said.
However, regional differences indicate mandating a blanket percentage approach could have unintended consequences, Woodall said.
Click on the LISTEN BAR below to hear the complete interview with Colin Woodall as he talks with Ron Hays.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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