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Livestock groups unite on need to address cattle markets


Cattle producers have faced significant challenges over the last few years. And as Brett Crosby, fifth-generation cattle rancher from Wyoming, explains, 2020 was a tipping point for everybody.
Crosby, who also serves as a board member of the U.S. Cattlemen’s Association, was one of just under two dozen members of the cattle industry who came together May 10 at the request of the Livestock Marketing Association to discuss challenges involved in the marketing of finished cattle with the ultimate goal of bringing about a more financially sustainable situation for cattle feeders and cow-calf producers.
Four meatpacking companies control over 80% of the cattle processing industry. “This simple fact leaves the cattle industry particularly vulnerable to market disruptions,” says Randy Feenstra, R-Iowa, while speaking about the cattle market challenges during a House Agriculture Committee discussion on May 18. ....

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Biden may remove 'death tax' exemption | TheFencePost.com


for The Fence Post
After less than a month in office, President Biden has managed to bring numerous changes to the table that will have a significant impact on agriculture. One notable change, if passed, is Biden’s proposed tax plan.
This plan could cause business operators significant hardship in transferring an agricultural operation or business from one generation to the next and it also has the potential to do away with policies that have promoted a profitable environment for farmers and ranchers in recent years.
Biden has yet to make a formal proposal, but throughout his campaign he made clear certain changes he would like to see with tax policy. Since the Democrats have control of both the House and Senate for the next two years, it appears some of Biden’s tax proposals could become a reality. ....

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