An ag economist says the proposed Cattle Contract Library could help enhance cattle producers’ confidence in the market.
Texas A&M University’s David Anderson says it provides producers more information about contract diversity. “How widespread are different types of contracts that show up in this idea of a library,” he says. “I think that is important. But I think that has the potential to add transparency to the marketplace, which I think is a positive.”
He tells Brownfield the proposed bill also has some changes to reporting requirements for cattle prices and weights, adding even more value to the data producers can see. “We get a little more market transparency,” he says.
