Will Proponents Again Push for Ban on Packer Ownership of Livestock?

January 5, 2009 06:00 PM
 

via a special arrangement with Informa Economics, Inc.

Answer is yes, but unknowns are when and the fate of any such action

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


A proposed ban on packer ownership of livestock is an issue that Populist farm-state senators from both political parties will eventually raise, but it will be controversial and thus this issue will likely be punted to next year, 2010.

The players:

-- President-elect Barack Obama supported the ban as a senator and as a presidential candidate.

-- The Senate passed a ban as part of its initial version of the 2008 Farm Bill, but it was not included in the final farm bill version that was signed into law.

-- House Ag Committee Chairman Collin Peterson (D-Minn.) did not support a ban during farm bill debate and that chamber continues to be the one that will cast a more wary eye on the issue when it surfaces again.

-- Court action ahead? Should the legislation pass both chambers of Congress and be signed into law, a major court test is likely and the case could eventually go to the Supreme Court. If so, that could stymie implementation of any passed measure until a final court ruling.


Comments: If the packer ban issue accelerates faster than now is likely, I will have industry economic implications because they would be substantial and negative for the livestock industry -- despite what proponents say about the matter. With the economic stimulus and other must-have measures garnering the bulk of lawmakers' attention, it will be interesting to see how hard and when Populist farm-state senators make another push for the industry changer.


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 

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