LMA Applauds Bill to Allow Livestock Auction Investment in Small and Regional Packers
January 28, 2023
Overland Park, Kan.
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 If enacted, the bill would remove an outdated regulatory barrier and allow livestock auction market owners to own or invest in small and regional meatpackers.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.
“We greatly appreciate Congressmen Alford, Panetta, and Johnson introducing the A-PLUS Act,” said LMA President and owner of Kentucky-Tennessee Livestock Market Mark Barnett. “Livestock auction markets, like mine, are in the competition business. Allowing livestock auction owners to invest in small and regional packers will create competition against large packing entities that already exist. The A-PLUS Act could spur additional capacity and especially additional packers to increase competition and improve profitability for producers.”
If you have questions about the A-PLUS Act, please reach out to Chelsea Good, Vice President of Government and Industry Affairs & Legal at firstname.lastname@example.org or 816-305-9540.
About the Livestock Marketing Association
The Livestock Marketing Association (LMA), headquartered in Overland Park, Kan., is North America’s leading, national trade association dedicated to serving its members in the open and competitive auction method of marketing livestock. Founded in 1947, LMA has more than 800 member businesses across the U.S. and Canada and remains invested in both the livestock and livestock marketing industries through member support, education programs, policy representation and communication efforts.
RELATED PRESS RELEASES
November 7, 2023
Florida Auctioneer Awarded Top Honors at World Livestock Auctioneer Championship Qualifier
Oct. 25 was no ordinary sale day at the Tri-County Stockyards in Motley, Minnesota. While cattle came through the ring and buyers placed their bids like any other Wednesday, the block was manned by 35 different auctioneers vying for top honors.
September 29, 2023
LMA Members Gather in Nation’s Capital for Annual D.C. Fly-In
More than 50 Livestock Marketing Association members and staff met with senators, U.S. representatives, congressional staffers and U.S. Department of Agriculture officials Sept. 18-19, during the association’s 17th D.C. Fly-In. The event offered an opportunity for livestock auction market owners to share their stories and connect with elected officials.
September 7, 2023
Producer Profitability Initiative Seeks to Spark Conversation, Unite Industry
Livestock Marketing Association members have a front-row seat to a disturbing trend: the continued loss of livestock producers across the U.S. They see this as a critical threat, not only to the livestock industry, but to the nation’s food supply. That’s why they’re launching an initiative to strengthen producers’ bottom lines and incentivize the next generation of farmers and ranchers.