Political Quotes

On the recordNovember 16, 2021
as the meatpacking industry became increasingly concentrated in the 1990s, fewer animals were sold through negotiated purchases--or, you could say, you could call that cash purchases or you could call it the spot market. In the 1990s, we saw increased use of alternative marketing arrangements that were not publicly disclosed under voluntary reporting. Livestock producers knew that these arrangements were not allowing them to get a fair market price for their livestock going to slaughter so they called for livestock mandatory reporting, also known as LMR. This new law would apply to packers who purchase livestock, process them, and market the meat. When the livestock mandatory reporting legislation was first considered in 1998, it unfortunately didn't get very far. I want to read for you an article from March of 1999 because it is going to have some relationship to a similar issue that we hope to get before Congress before the end of the year, and that is a bipartisan piece of legislation I am referring to. I want to read an article from March 1999, from the Southern Livestock Review. That article is entitled ``How Campaign Money, Republican Lobbyists Killed Mandatory Price Reporting.'' I am going to read that article into the Record in its entirety, only I will not read names. I will refer to former Senators as Senator 1, 2, and 3, and I will refer to lobbyists' names as Lobbyist 1 and Lobbyist 2.…
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Chuck Grassley
Republican · Iowa

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