“I’m pleased to see that the American Farm Bureau is reaffirming their
support for the goals of our bipartisan bill to improve competition and market
access for livestock producers. Thanks in part to their efforts, the Cattle
Price Discovery and Transparency Act is supported by a bipartisan group of
16 Senators. I’m confident it would advance out of the Senate Agriculture
Committee if it were brought up for a vote.
“I partnered with Senators Fischer, Tester and Wyden on this bill based
on what I’m hearing directly from Iowa’s independent cattle producers. When
packers limit their ability to negotiate a fair price, especially when
consumers are seeing prices skyrocket at the grocery story, the market clearly
isn’t working. I understand that the cartel of four meat packers, which
controls 85 percent of the beef market, is pressuring others in the ag
community to oppose this bill. However, I remain focused on providing the most complete
solution to improve price transparency and market access to the independent
producers I hear from each day,” Grassley said.
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