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Senate Proceeding on Dec 13th, 2007 :: 1:05:31 to 1:11:29
Total video length: 4 hours 16 minutes Stream Tools: Stream Overview | Edit Time

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Larry Craig

0:59:32 to 1:05:31( Edit History Discussion )
Speech By: Larry Craig

Larry Craig

1:05:14 to 1:05:31( Edit History Discussion )

Larry Craig: that will allow us to do that. i yield the floor. the presiding officer: the senator from montana. mr. tester: mr. president, i would like to speak on amendment 3666 which we will have a vote

Jon Tester

1:05:31 to 1:05:44( Edit History Discussion )

Jon Tester: on at some point later on in the day. this amendment to the farm bill addresses manipulation in the livestock industry. we've had consolidation in agri agribase over the last many decades. in the

Jon Tester

1:05:31 to 1:11:29( Edit History Discussion )
Speech By: Jon Tester

Jon Tester

1:05:44 to 1:06:05( Edit History Discussion )

Jon Tester: meat parker meatpacker industry, for example, there are four major meat meat pack theirs control the industry in the united states. now being big is not necessarily bad but it can allow companies

Jon Tester

1:06:05 to 1:06:29( Edit History Discussion )

Jon Tester: to manipulate and control the marketplace and we all know that a mon monopoly monopolistic marketplace doesn't help anyone. we put our cow/ cow/calf producersers at risk with that manipulation.

Jon Tester

1:06:29 to 1:06:44( Edit History Discussion )

Jon Tester: now, companies -- the meatpacking companies have manipulated in the past because of packer ownership, manipulated forward contracting and pressure on producers to distort the supply and demand.| maximizing

Jon Tester

1:06:44 to 1:07:02( Edit History Discussion )

Jon Tester: their profits often at the expense of the cow calf producer. the producer ends up being price takers and not price makers due to manipulation of the marketplace and restriction of the free market

Jon Tester

1:07:02 to 1:07:17( Edit History Discussion )

Jon Tester: that we all expect in the cattle industry. way back in about 1921, this government had the foresight to realize that the free market system was a good one and that it wasn't working quite right, even

Jon Tester

1:07:17 to 1:07:35( Edit History Discussion )

Jon Tester: with the antitrust laws that were passedack then, they were deemed inadequate. so they passed an act called t packers and stockyard act, and that act has worked pretty well over the last many decades

Jon Tester

1:07:35 to 1:07:56( Edit History Discussion )

Jon Tester: since 1921. unfortunately, court decisions recently misinterpreted the intentions of the packers and stockyard act. back in 2005, a lawsuit was brought forward by a handful of livestock producers.

Jon Tester

1:07:56 to 1:08:12( Edit History Discussion )

Jon Tester: this lawsuit claimed market manipulation by the meatpacking industry. thereby artificially lowering the price that the cow calf producer would get for their cattle. a jury awarded $1.28 billion in damages.

Jon Tester

1:08:12 to 1:08:30( Edit History Discussion )

Jon Tester: sometime later three judges decided to rewrite the packers and stockyard act instead of to interpret it, overturned the decision based on a legitimate business reason. what this amendment does, amendment

Jon Tester

1:08:30 to 1:08:47( Edit History Discussion )

Jon Tester: 3666, is it once again clarifies the packers and stockyards act to its original intent. it reintroduces competition into the marketplace, helps maintain a level and competitive playing field between widely

Jon Tester

1:08:47 to 1:09:07( Edit History Discussion )

Jon Tester: dispersed cattle produces throughout this country and highly concentrated meatpackers. mr. president, i don't think there's a person in this body that doesn't think that the free market system is a good one.

Jon Tester

1:09:07 to 1:09:19( Edit History Discussion )

Jon Tester: currently what we have in the meatpacking industry is four companies that control 80% of the marketplace. they control 80% of the marketplace. the c.e.o.'s of these four companies could go out on a golf course

Jon Tester

1:09:19 to 1:09:33( Edit History Discussion )

Jon Tester: and determine how they're going to manipulate the marketplace. we need to make sure as a government that we have protection in place for our family ranchers in this country. that's what this will do.

Jon Tester

1:09:33 to 1:09:50( Edit History Discussion )

Jon Tester: it will reinstate the packers and stockyards act to its original form which worked so very well for so many years. now there's going to be groups out there that oppose it. we happen to have 170 groups

Jon Tester

1:09:50 to 1:10:05( Edit History Discussion )

Jon Tester: that are in favor of this amendment. there's going to be some groups out there that oppose it. the truth is -- the truth is -- if we want to have a vibrant cow-calf producer environment and economy

Jon Tester

1:10:05 to 1:10:18( Edit History Discussion )

Jon Tester: in this country, we need to pass this. we need to make sure that they have every market advantage that they deserve. it's tough enough on the farm and on the ranch to make a living. right now in montana,

Jon Tester

1:10:18 to 1:10:31( Edit History Discussion )

Jon Tester: i didn't check the weather this morning, but it's probably a heck of a lot colder than it is right here. in some places in montana, i can guarantee you because of drought, they're out there feeding

Jon Tester

1:10:31 to 1:10:46( Edit History Discussion )

Jon Tester: cattle right now. they're doing an honest day's work and should get an honest day's pay. when you have a monopolizeation in the market, it takes away the ability to get an honest day's pay for

Jon Tester

1:10:46 to 1:11:03( Edit History Discussion )

Jon Tester: an honest day's work. this amendment is going to help the folks in montana, agriculture is the number-one industry. it's the number-one issue too. it's the number-one industry. and if we're going to keep

Jon Tester

1:11:03 to 1:11:14( Edit History Discussion )

Jon Tester: that industry vibrant, we need to pass this amendment. with that, mr. president, i yield the floor. mr. chambliss: mr. president? the presiding officer: the senator from georgia. mr. chambliss:

Jon Tester

1:11:14 to 1:11:29( Edit History Discussion )

Jon Tester: i would yield 15 minutes to the senator from kansas, senator roberts. the presiding officer: without objection. mr. roberts: i thank my distinguished colleague. i thank my distinguished colleague for

Pat Roberts

1:11:29 to 1:11:42( Edit History Discussion )

Pat Roberts: yielding me time. mr. president, i rise to speak in opposition to the amendment offered by my distinguished colleague from montana. mr. president, despite the fact that our nation enjoys, but apparently

Pat Roberts

1:11:29 to 1:18:18( Edit History Discussion )
Speech By: Pat Roberts

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