A36—Lancaster Farming, Saturday, May 23,1981
LMA’s Marketing Reform Act
KANSAS CITY, Mo. - A revised
version of the proposed Livestock
Marketing Reform Act, recently
approved by Livestock Marketing
Association’s executive com
mittee, “balances the critical need
for updated marketing law with
safeguards for the producer.”
That was the assessment of LMA
President Lemmy Wilson, who
stressed the revised version of the
bill represents no structural
changes in the original Reform Act
announced in January.
This Act would replace Title 111
of the current Packers and
Stockyards Act “with legislation
more in tune with today’s
marketing realities.”
The revised bill “reflects some
of the comments and suggestions
we’ve received since we began
presenting the legislation to the
livestock industry,” Wilson said.
While the Reform Act represents
a thorough, “from the groundup
restructuring of marketing
legislation, our bill fully provides
the safeguards the entire livestock
industry needs to maintain con
fidence in our free marketing
system,” he noted.
For example, the Reform Act
would replace the current required
“custodial account,” through
which a marketing business must
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balances updated law with safeguards
clear all its customers’ tran
sactions, with a livestock trust
account.
“This trust account would
provide buyers and sellers wi’h the
financial security they need, while
giving the marketing business
necessary flexibility to best
manage these funds,” Wilson said.
The Reform Act also provides
for stiff civil penalties for failing to
properly maintain the account,
Wilson said.
And, he said, LMA’s proposed
bill significantly strengthens
existing penalties for a variety of
marketing frauds. “Any person
convicted of fraud, embezzlement
or theft under our bill, as well as
any person conspiring to fix or
control livestock prices, could be
fined up to $lO,OOO, imprisoned up
to 10 years, or both.”
The multi-bilhon dollar livestock
business “will always attract a
minority of crooks, con artists and
flim-flam men,” Wilson continued,
“and we want them punished.”
“We see this legislation as the
only effective way to replace
outmoded regulations and self
serving administrative decisions
that are not only a burden on the
marketing sector, but also are no
service to the rest of the industry -
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breeders, growers, feeders, ana
processors.”
Marketing must have “the elbow
room it needs” to continue its vital
role in the livestock industry,
Wilson said.
tMA is
continuing its
onservation practices to keep in mind
Grassed waterways
carry runoff safely
CHAMBERSBURG Grassed
waterways and outlets are natural
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sions, terraces, and other struc
tures.
“The grass-lined waterway is
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discussions of the necessity for
marketing law modernization with
key members of Congress and
their aides, and is now placing the
revised bill in their hands.
A copy of the revised legislation
ofte of tne basic conservation
practices commonly used by
fanners”, reports Charles S.
Wornlow, 111, soil conservationist
in the Chambersburg Field Office
of the USDA Soil Conservation
Service.
“When rainfall exceeds the rate
or volume at which the soil can
any type of field Rakes up to 11
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Simple design minimizes mamtamence and holds
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and an explanatory “Fact Sheet”
are available by writing LMA, 4900
Oak Street, Kansas City, Mo.,
34112.
LMA’s executive committee is
composed of its five elected of
ficers.
take in and store moisture, surplus
water will pass over the land in the
form of runoff. Waterways carry
this water to a safe outlet at a safe
velocity,” he explains.
The satisfactory performance of
a grassed waterway depends on
-proper size, shape, and grass cover
to stabilize the channel.
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