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Cattle crisis as production plummets to decades-low level, rancher warns: ‘Biden policies hurting America’s cattlemen,’ consumers going to pay the price

As cattle production falls to its lowest level in decades, one rancher warns Americans “will pay the price” as beef supplies reach crisis point.

“This is a bad situation for American livestock farmers and for America, because we’re producing 1 billion less pounds of beef in this country than we were just a year ago,” said John, president of the National Black Farmers Association. Boyd Jr. said. During Thursday’s interview.”fox & friends first. ”

“I’m telling you, it’s time to invest in American cattle, and we’re not doing it,” said Boyd, who has been raising and producing beef for 41 years. did.

“We are not investing in American beef farmers. Biden’s policies are hurting American cattle farmers like me,” he continued. “They need to invest in America’s livestock farmers and make sure they have the tools they need to sustain their farms.”

Boyd noted that there were empty stalls last week at a “very good” cattle market near his home in Blackstone, Virginia. He blamed the alarming situation on U.S. ranchers “not producing beef like they used to.”

Mr Boyd warned that production shortages would cause prices to soar.

“Americans will be paying their bills at their local grocery store,” he said.

“We’re already seeing steep hikes and beef like this in this country,” Boyd said. “And that’s because we’re not supporting cattlemen like me…The Biden administration isn’t paying attention. [to] This national crisis. This is a national crisis for American cattlemen, and this administration has turned a blind eye and turned a deaf ear to something that requires immediate attention. ”

USDA biannual cattle inventory report The country’s cattle herd totaled 87.2 million head as of January 1, 2024. This figure is down about 2% from last year’s harvest, and herd size is the lowest in 73 years.

fox business “Agricultural economists say the ongoing drought of the past three years, as well as high input costs and inflation, are putting pressure on both consumers and farmers.”

said Bernt Nelson, an economist with the American Farm Bureau Federation. southern farm network“The combination of high input prices and drought has forced farmers and ranchers to bring more cattle to market. Not only do they have more cows, but they also have more heifers to replace their herds. We’re currently looking at a herd of about 28.2 cows.”

Nelson said the current beef supply pipeline is “strong,” but added, “Once supplies start to dry up, that’s when we’ll start to see beef supplies become increasingly tight, and this is what I expect.” “This could lead to record prices.” We think it will happen in 2024 and 2025. ”

Beef sold for an average of $5 a pound last year, according to the U.S. Bureau of Labor Statistics.

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