Home   News

LMA Applauds Bill to Allow Livestock Auction Investment in Small and Regional Packers

Livestock Marketing Association (LMA) applauds Congressmen Mark Alford (R-Mo.), Jimmy Panetta (D-Calif.), and Dusty Johnson (R-SD) for introducing the Amplifying Processing of Livestock in the United States (A-PLUS) Act. If enacted, the bill would remove an outdated regulatory barrier and allow livestock auction market owners to own or invest in small and regional meatpackers.

The Administration, Congress, and the livestock industry agree there is a need for increased packer competition and additional processing capacity. Currently, livestock auctions owners are not able to own, invest, or participate in the operation of a packing plant or meat marketing business due to dated Packers and Stockyards Act restriction. This prohibition falls under a 102-year-old law and predates the current, transparent method of selling livestock at an open auction to the highest bidder. The A-PLUS Act is essential in removing this unnecessary barrier to cattle industry investment in the packing sector. The bill would allow livestock auction owners to own or invest in cattle and hog packers smaller than the current ten largest packers.  

Click here to see more...

Trending Video

The Value of Agriculture

Video: The Value of Agriculture

Agriculture is more than just a business for those who raise cattle – it’s a way of life. We wrap up our Ag Day special by asking our Texas ranchers to share their thoughts on the value of agriculture to the world.