U.S. Senator Deb Fischer recently hosted a roundtable discussion in Lincoln to share an update on her Cattle Price Discovery and Transparency Act.
The bill, in part, aims to establish minimum levels of negotiated cash trade for fed cattle by dividing up regions of the country. The bill also would create a library at the USDA of AMA contracts that would allow cattle producers to see the premiums others are receiving.
Groups like the Nebraska Cattlemen, Nebraska Farm Bureau, and Nebraska Farmers Union support the legislation.
Others, like the National Cattlemen’s Beef Association, push back on it, saying mandates would limit marketing opportunities for producers.
The bill has momentum right now as it passed on a voice vote out of the Senate Ag Committee. Senator Fischer she would like to have it on the president’s desk for signature by the end of the year.