Rep. Frank Lucas, alongside Reps. Dusty Johnson, R-S.D., and Liz Cheney, R-W.Y., recently introduced the Livestock Risk Management and Education Act to provide grants to certain state land-grant universities to better equip livestock producers with risk management training.
“Today’s livestock producers face a variety of unique challenges day in and day out, especially in Oklahoma where weather creates an additional element of uncertainty,” said Rodd Moesel, Oklahoma Farm Bureau president. “The Livestock Risk Management and Education Act will bring much-needed risk management tools and resources to our state’s livestock producers. We appreciate Rep. Frank Lucas and his work to help provide stability and certainty to Oklahoma farmers and ranchers.”
The legislation, which would provide resources to improve livestock producers’ knowledge of futures markets to better manage market volatility, also is supported by the American Farm Bureau Federation.
“Livestock producers are not immune from a tough farm economy,” said Scott VanderWal, AFBF vice president and South Dakota Farm Bureau president. “Producers need every tool at their disposal to manage risk and have the market intel available to optimize their ability to weather economic volatility. The Livestock Risk Management and Education Act will help land-grant universities partner with producer associations to make sure more producers have market and risk management information they can trust to make vital business decisions.”