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Senator Smith, Grassley Introduce Bipartisan Legislation to Research the Impact of Consolidation on Livestock Farmers and Ranchers
WASHINGTON – Today, U.S. Senators Tina Smith (D-MN) and Chuck Grassley (R-IA), introduced bipartisan legislation to support research into the impact of livestock market consolidation on farmers, ranchers, and consumers in an effort to better understand the problem and craft effective solutions. “Just a handful of large companies have come to dominate the meat and poultry processing industry, which means higher prices for consumers and shrinking earnings for farmers,” said Sen. Smith. “This bipartisan bill would uncover the impact of this consolidation on farmers and consumers and help us create the best possible solutions to fix the problem. I look forward to working with Senator Grassley and my colleagues on both sides of the aisle to pass this legislation as part of the Farm Bill.” “This type of measure is long overdue. Iowa producers are well aware of the downsides of consolidation in the meat industry,” said Sen. Grassley. “Their returns on hard work are getting squeezed more every year all consumers pay more at the grocery stores. I’m glad to work in a bipartisan way with Senator Smith as we continue trying to address this problem.” “Farmers Union launched the Fairness for Farmers campaign to call attention to the increasingly consolidated agricultural marketplace where the four largest beef packers control 85 percent of beef packing and the farmer’s share of the food dollar has dropped from 50 percent in 1952 to less than 16 percent today,” said Minnesota Farmers Union (MFU) President Gary Wertish. “Sen. Smith’s bill will help
Senators Smith, Rounds Reintroduce Bipartisan Bill to Spur Economic Development in Underserved Communities
WASHINGTON – U.S. Senators Tina Smith (D-MN) and Mike Rounds (R-SD) reintroduced bipartisan legislation to jumpstart economic development in economically distressed areas and address disparities in access to capital for underserved communities. The bill would strengthen and expand Community Development Financial Institutions (CDFI), which play a critical role in bringing capital and financial services to a wide range of underserved communities – from urban areas to small towns and rural communities to Tribal lands. “Unequal access to capital and financial services is a key driver of economic disparity in rural areas, communities of color, and Indigenous communities,” said Sen. Smith. “This legislation will jumpstart economic development in these communities by expanding and enhancing a program with a track record of effective capital investment and community development.” Their legislation—the CDFI Bond Guarantee Program Improvement Act, named for Community Development Financial Institutions–will extend authorization of the CDFI Bond Guarantee Program, while making it more reliable and accessible to smaller CDFIs. This legislation will expand and improve a successful program that operates without a taxpayer subsidy and allows CDFIs to access long-term, stable funding. The CDFI Bond Guarantee Program was enacted in 2010 to provide long-term, low-cost capital to CDFIs, which use the funding for economic development activities in underserved communities. The program’s authorization lapsed in 2014, but it has been extended on a year-by-year basis in annual appropriations bills. Under current program rules, borrowers must have a loan size of at least $100 million – which means that the program can only
Sen. Tina Smith Exploring Legislation to Prevent Another Sun Country Airlines Fiasco
Today, U.S. Sen. Tina Smith (D-Minn.) announced she is exploring a legislative fix to prevent another Sun Country Airlines fiasco. Over the weekend, the Eagan-based airline stranded travelers in Mexico and around the country, leaving them to rebook new flights on their own and deal with insufficient refunds. “Sun Country stranded thousands of travelers around the country and in Mexico, leaving them to rebook on their own and front the money—hundreds, even thousands of dollars—for hotels and car rentals and other unforeseen costs. This type of confusion isn’t just bad business. It’s deeply unfair to Minnesota families. I’ve already asked Sun
HOTDISH UPDATE: Sen. Tina Smith Announces Judges of 8th Annual Minnesota Congressional Delegation Hotdish Competition
On Wednesday, April 25, Senator Tina Smith will host the eighth annual Minnesota Congressional Delegation Hotdish Competition. Sen. Smith is taking up the helm of Al Franken’s annual hotdish-off to determine which Minnesota Congressional Delegation member makes the best hotdish—a dish similar to what other states call a casserole, but indisputably better. Today, Sen. Smith is pleased to announce that this year’s judges will be: · Phill Drobnick—Gold-medal winning Coach of U.S Men’s Olympic Curling Team, the Minnesota hometown heroes known as “Team Shuster” · Joe Gill—Farm Director of KASM Radio in Albany, Minnesota · Noobtsaa Philip Vang—University of Minnesota graduate and founder of
Sen. Tina Smith Pushes to End Harmful Canadian Dairy Policies That Hurt Minnesota Dairy Producers
U.S. Senator Tina Smith (D-Minn.) has called on the nation’s top trade official to use the current NAFTA trade negotiations with Canada to end unfair Canadian dairypolicies that hurt Minnesota producers. In a letter to the U.S. Trade Representative, Ambassador Robert Lighthizer, Sen. Smith pressed him to make helping U.S. dairy farmers a top priority in the negotiations. Last year, Ambassador Lighthizer revised his NAFTA negotiating objectives to include putting a stop to Canadian tariffs on U.S. dairy exports and other policies that unfairly tilt the playing field in favor of Canadian producers. In the letter sent yesterday, Sen. Smith
Klobuchar, Smith, Senators Call on Administration to Take Immediate Action to Reduce Price of Naloxone, a Life-Saving Opioid Overdose Reversal Drug
U.S. Senators Amy Klobuchar and Tina Smith joined 15 of their colleagues in calling on the Department of Health and Human Services to take immediate action to reduce the price of naloxone, a life-saving opioid overdose reversal drug. The Senators’ letter follows a recent national advisory issued by the United States Surgeon General urging more Americans to keep on hand and learn how to use naloxone delivery devices. Despite being approved by the U.S. Food and Drug Administration (FDA) more than 45 years ago, the price of naloxone has increased dramatically during the opioid epidemic, leaving local fire, police, and
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