PACKERS & STOCKYARDS
PRODUCER PROFITABILITY IS INDUSTRY SUSTAINABILITY
Livestock Marketing Association (LMA) member livestock marketing businesses have a front row seat to the continued loss of livestock producers across the U.S. and see this as a critical threat to the livestock industry and our nation’s food supply.
Livestock producers face challenges with land, labor, over-regulation, and input costs. We also continue to see grazing and forage production land lost to recreation, development, conservation reserve programs (CRP), and crop production.
By supporting America's farmers and ranchers, we are supporting the future of livestock marketing, too.
In the below video, LMA Board Member Joe Goggins provides his insight into the issue.
The big issues
We must fight to eliminate the estate tax, also known as the death tax, so farms and ranches can stay in the family, generation after generation. But at the very minimum, we need to keep the current estate tax cap, which will sunset in 2025.
We must also protect special use valuation methods available to agricultural landowners that allow property taxes to be calculated based on productive agricultural value, as opposed to market value of the land.
Creating incentives for keeping land in livestock production
If there were incentives for keeping land for livestock and forage production, more new producers could enter the industry. This helps those who do not already own or lease land do so in a more affordable manner.
Creating opportunity to compete for land and margin
Existing programs such as Livestock Risk Protection (LRP), Conservation Reserve Program (CRP), Pasture Rangeland Forage (PRF) insurance program, and programs providing capital should be adjusted to allow livestock and forage producers to better compete with grain production for land.
How you can help
By working together, all industry segments can accomplish so much more than working individually. There is truly strength in numbers, and it will take us all to build a stronger, more sustainable livestock industry.
Every voice matters, and every conversation gets us a little closer to our goal.
To help, reach out to those in your network — and to the agricultural organizations you belong to — and share ideas.
Have an idea?
We'd love to hear from you! Reach out to LMA today!