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![handle is hein.congrecreports/crptxaecw0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-203
CATTLE CONTRACT LIBRARY ACT OF 2021
DECEMBER 7, 2021.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. DAVID SCOTT of Georgia, from the Committee on Agriculture,
submitted the following
R E P O R T
[To accompany H.R. 5609]
The Committee on Agriculture, to whom was referred the bill
(H.R. 5609) to amend the Agricultural Marketing Act of 1946, to
establish a cattle contract library, and for other purposes, having
considered the same, reports favorably thereon without amendment
and recommends that the bill do pass.
BRIEF EXPLANATION
This legislation directs USDA's Agricultural Marketing Service
(AMS) to establish a publicly available library of cattle contracts.
The legislation also establishes a grant program, to be adminis-
tered in coordination with USDA's National Institute of Food and
Agriculture, for producer education on how to best use cattle mar-
ket information.
PURPOSE AND NEED FOR LEGISLATION
Given the long-term trend towards the sale of cattle through spe-
cialized alternative marketing agreements, rather than through
traditional negotiated trades, there has been growing concern from
parts of the cattle industry-specifically cattle producers-that
there is not enough transparency in cattle markets. In creating a
contract library, the goal is to increase transparency and improve
price discovery by giving producers access to more information re-
garding these marketing agreements. Additional transparency will
be achieved by requiring USDA to maintain publicly available data
regarding the various types of contracts offered by packers to pro-
ducers for the sale of fed cattle. The library will include summa-
rized information for each type of contract including price terms,
premiums and discounts, and associated transportation costs.
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