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The National Cattlemen’s Beef Association (NCBA) recently sent a letter to the House Ways and Means Committee and the Senate Finance Committee, expressing concern with changes to federal tax policy and how it may impact family-owned agricultural businesses.
The live cattle marketing meeting was one of the highest-attended meetings, with standing room only by the time the meeting began. The federal lands meeting also had good representation from producers across the country.
Using Livestock Mandatory Reporting data, NCBA determined there were no minor or major triggers tripped in the negotiated trade volume silo in the second quarter. However, the group expressed frustration with some of the packers' participation.
USDA recently announced the creation of two new grant funding opportunities totaling $55.2 million for small, regional and independent meat processors. National Cattlemen’s Beef Association (NCBA) said the funds were secured by the group in the Consolidated Appropriations Act of 2021.
The federal government is finally listening to you about the state of the cattle market. USDA announced that they were planning on investing $4 billion in the food infrastructure of the U.S., from production, processing and distribution to consumer markets. I always get nervous when the government shows up and says, “We’re here to help.”