On Wednesday, U.S. Senators Deb Fischer (R-Neb.), Chuck Grassley (R-Iowa), Jon Tester (D-Mont.), and Ron Wyden (D-Ore.) introduced the Cattle Price Discovery and Transparency Act to the Senate, while Iowa Representatives Cindy Axne (D-IA) and Randy Feenstra (R-IA)—both members of the House Agriculture Committee—introduced identical legislation to the House of Representatives.
“For years, Iowa’s independent cattle producers have been bearing the burden of price discovery and a lack of transparency when trying to market their cattle and make ends meet,” said Rep. Axne. “The Cattle Price Discovery and Transparency Act would provide meaningful and long overdue reform to the cattle industry to ensure producers in Iowa and across this country can continue their operations for generations to come.”