Beef Buzz News
NCBA's Tanner Beymer on U.S. House of Representatives Passage of LMR and Cattle Contract Library Act
Mon, 13 Dec 2021 20:29:32 CST
Early last week, two new pieces of legislation aimed at increasing transparency in the beef cattle industry were passed by the U.S. House of Representatives. The first was H.R. 5290, a bill that will extend the authorization for livestock mandatory reporting (LMR). The second was the Cattle Contract Library Act of 2021, which was introduced by Oklahoma’s own Frank Lucas, along with Dusty Johnson and Henry Cuellar. Both passed with more than 410 votes.
Listen to Ron's conversation with Tanner here.
Tanner Beymer, director of Government Affairs and Market Regulatory Policy at the National Cattlemen's Beef Association, told Radio Oklahoma Ag Network director Ron Hays that LMR is already operating, but set to expire Feb. 18, 2022, with the continuing resolution that is currently funding the government.
“That legislation was welcomed because LMR has been a critical market transparency tool for cattle producers since it was established in 2001,” Beymer said. “This bill gives us certainty through next Sept.”
Although the extension of LMR is a win for the cattle industry, it falls short of the five-year renewal producers want.
“Congress is generally working much slower than it has historically,” Beymer said. “You have very tight margins. I think Nancy Pelosi can only afford to lose five or six votes and in the U.S. Senate it is even more evenly divided.”
Now that the Cattle Contract Library Act of 2021 has passed through the U.S. House it heads to the U.S. Senate for consideration.
“We were very excited to see this get over the finish line in the U.S. House of Representatives,” Beymer said. “One of the reasons I think the Cattle Contract Library Act moved through the legislative process so quickly in the U.S. House was because of the widespread support that it has from industry groups that do not necessarily see eye to eye on every issue.”
Beymer said he hopes the U.S. Senate will take note of how much support the Cattle Contract Library Act has and will pass both of these pieces of legislation quickly.
Click on the LISTEN BAR below to hear more from Ron Hays and Tanner Beymer as they talk about the two recently passed legislation pieces for the U.S. beef cattle industry.
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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