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Speaker 1: Hey, guys, thanks for listening to Breaking Points with Crystal

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Speaker 1: the show notes. Enjoy the show, guys. We've been tracking

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Speaker 1: the fortunes of young people, and some new data about

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Speaker 1: gen Z College graduates of twenty twenty is just really disturbing.

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Speaker 1: So let's go ahead and put this up there on

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Speaker 1: the screen. Just fifty percent of college class of twenty

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Speaker 1: twenty has traditional full time jobs six months after graduation.

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Speaker 1: So if you were to say, okay, you know right

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Speaker 1: after graduation, I'd be like, oh, okay. And the real

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Speaker 1: problem is that it's such a precipitous decline from the

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Speaker 1: normal fifty five percent that you would see amongst twenty

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Speaker 1: nineteen graduates and more. It's never been this low crystal

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Speaker 1: in the last you know, five seven years since data's

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Speaker 1: been tracked in twenty and fourteen, So that just goes

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Speaker 1: to show you that number one, a, if you're only

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Speaker 1: getting fifty five percent or whatever, what's going on with

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Speaker 1: the college degree. But two, the drop has made it

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Speaker 1: so this is actually the worst off college class ever

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Speaker 1: in terms of full time employment six months after graduation.

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Speaker 1: And you know, Joe Biden just restarted student loan payments.

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Speaker 1: Many of these people are going to be racking up

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Speaker 1: mega high interests in terms of not being able to

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Speaker 1: pay and looking for jobs. In many cases they'll have

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Speaker 1: to settle go work in an industry or for something

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Speaker 1: they didn't nest really want to or study in. And

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Speaker 1: really it just shows you that you know, at the

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Speaker 1: bottom of the sector for young people. They're just getting

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Speaker 1: screwed every which way. You have kids eating outside in

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Speaker 1: the cold with masks on or whatever. Nine feet apart,

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Speaker 1: you have college students who the disruption that I hear

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Speaker 1: for exams in daily life is unbelievable. Yeah, working class

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Speaker 1: Americans who didn't go to college, the lack of ability

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Speaker 1: to get training, apprenticeships, entry level job, and then I

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Speaker 1: don't know, there's just a deep sickness for a lot

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Speaker 1: of people who are very young. They have no opportunities

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Speaker 1: right now. Yeah, and they say to make matters worse.

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Speaker 1: College graduates today also way more in student debt. So

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Speaker 1: adjusted for inflation, two thousand and eight, college grads owed

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Speaker 1: twenty four thousand student loans on average. Now that number

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Speaker 1: is thirty six one thousand, a lot of money. That's

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Speaker 1: a massive increase in over just year. Like wages went

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Speaker 1: up basically a decade, wages definitely did not go up

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Speaker 1: that much. The other thing that I'm interested in here is,

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Speaker 1: you know, this number in terms of what percentage has found,

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Speaker 1: you know, full time permanent employment. It doesn't include people

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Speaker 1: who are basically the in the gig economy. And I

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Speaker 1: think that's probably another major shift and major trend that's

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Speaker 1: been happening for a long time of employers moving from

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Speaker 1: having a standard, you know, employee based workforce and trying

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Speaker 1: to contract and subcontract and gig worker their way to

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Speaker 1: do whatever they need. And I'm wondering if that's yet

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Speaker 1: another trend that's been accelerated by the pandemic. I think it's.

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Speaker 1: I think it's very likely because you had so many

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Speaker 1: people detach from the workforce that you know, this allows

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Speaker 1: them to not have to really follow labor law. They

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Speaker 1: have many fewer protections for workers who are contractors quote

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Speaker 1: unquote independent contractors versus if it's actually their workforce. And

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Speaker 1: so for a lot of young people, you know, rather

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Speaker 1: than a generation or two generals or three generations ago,

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Speaker 1: where you get a job. You know, my dad got

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Speaker 1: a job out of college at the naval base as

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Speaker 1: a civilian scientist. When he graduated college, he went he

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Speaker 1: got his post grad degree, he came back, he worked

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Speaker 1: at the same job as his entire career until, you know,

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Speaker 1: until he retired thirty forty years later. That's just not

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Speaker 1: the reality. It's all precarious, it's all at will, it's

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Speaker 1: all you know, gigs that you can get here or

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Speaker 1: there to try to supplement your income, to try to

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Speaker 1: pull it together. That means you don't have healthcare, certainly

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Speaker 1: means you're not getting a pension or any of those

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Speaker 1: things that previous generations could also expect, And so you

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Speaker 1: graduate into a landscape of precarity, and that's essentially where

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Speaker 1: you end up existing your whole life. That's why when

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Speaker 1: you look at millennials, they have much less in terms

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Speaker 1: of wealth and assets than previous generations did before them

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Speaker 1: at the same age. Whether so it's so difficult to

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Speaker 1: be able to start a family, to be able to

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Speaker 1: buy a home, to be able to have that sort

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Speaker 1: of basic stability that used to be the hallmark of America.

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Speaker 1: This is just one more sign of that which was

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Speaker 1: tremendously accelerated by the pandemic, and few people are paying

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Speaker 1: attention to. I completely agree, yeah, I mean all the

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Speaker 1: data is really dystopian around young people, depression, suicidal thoughts,

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Speaker 1: and lack of access to healthcare services, lack of job opportunities. Now,

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Speaker 1: you know, hope in terms of trying to do better

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Speaker 1: in any way economically in the future is very only

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Speaker 1: much there for a select group of people for whom

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Speaker 1: the economy works quite well. It's everybody else is just

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Speaker 1: getting completely screwed. So it's just yet another data point there.

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Speaker 1: And if this is how college grads are doing, think

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Speaker 1: of how non college stids are doing, which continues to

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Speaker 1: be two thirds of even the young generations that's always

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Speaker 1: going to get a college degree. Right over, focus on college.

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Speaker 1: But I always look at these you know, you have

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Speaker 1: to pair young people together because you know they're very

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Speaker 1: much in the same boat. Like in terms of debt,

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Speaker 1: consumer debt amongst young Americans who don't go to college

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Speaker 1: is sky high. It's just not student debt. It's you know,

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Speaker 1: usually you have to borrow money to make rent or

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Speaker 1: borrow money in order to just fulfill your daily you know,

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Speaker 1: activities or whatever. And you put that together and you've

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Speaker 1: got a big bubble and problem. People aren't able to

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Speaker 1: buy cars and aren't able to buy houses. They are

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Speaker 1: living with their parents longer and longer. It's not just

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Speaker 1: college graduates. They're having real problem finding actual opportunity and

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Speaker 1: jobs in the communities they grew up in. Meeting, they

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Speaker 1: have to leave meeting, have to pay rent, they don't

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Speaker 1: have a social support network. I mean, the country's just

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Speaker 1: being ripped apart, very very slowly, Yeah, and separating out

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Speaker 1: like this. That's right. And you were still much more

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Speaker 1: likely to you know, have a higher wage if you

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Speaker 1: go to for year institution, but increasingly now you got

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Speaker 1: to go to postgrad as well to get yourself a

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Speaker 1: slot in you know, the middle class, which is increasingly

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Speaker 1: separating into the upper middle class, which is doing well,

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Speaker 1: but are terrified of falling out of their status and

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Speaker 1: everybody else. So yeah, just another trend that has been

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Speaker 1: accelerated by the pandemic. That is not a good sign

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Speaker 1: of where the country is headed right now. Absolutely all right, guys,

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Speaker 1: you might remember we brought you Nancy Pelosi's horrific comments

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Speaker 1: about members of Congress and their spouses being able to

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Speaker 1: trade stocks. She totally dismissed the idea that this would

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Speaker 1: lead to corruption, even after Business Insider had revealed how

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Speaker 1: many members of Congress were deeply conflicted or had actively

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Speaker 1: violated the stock law, which requires disclosure. She said, but

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Speaker 1: it's a free market. People should be able to participate

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Speaker 1: in that. That language and the case she made there

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Speaker 1: for overt corruption was so disgusting that even some of

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Speaker 1: Wall Street's yeah friends and had made Wall Street defenders

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Speaker 1: in all of media. Even they were like, WHOA, that

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Speaker 1: was pretty far. Let's take a listen to Stephanie Ruhle

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Speaker 1: and Andrew ross Orkin. You got to walk me through this.

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Speaker 1: When you're the CEO of a publicly traded company, there

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Speaker 1: are all sorts of restrictions on what you can do

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Speaker 1: when you work in an investment bank, when you work

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Speaker 1: as an investor, so many restrictions when it comes to

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Speaker 1: personal investments. But these people lawmakers, These are policymakers policies

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Speaker 1: that directly influence the way business is done all over

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Speaker 1: the country. How is this even remotely legal? This was

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Speaker 1: one of the most disappointing and maybe to put it

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Speaker 1: even less politely disgraceful comments and views I have heard

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Speaker 1: espoused on this issue, and surprising given Pelosi's views on

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Speaker 1: many other issues. We have insider trading laws for a reason.

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Speaker 1: CEOs executives cannot trade, members of the Federal Reserve now

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Speaker 1: cannot trade, and yet we are allowing our politicians who

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Speaker 1: do have access to inside information. They are often briefed

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Speaker 1: regularly about all sorts of things that are about to

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Speaker 1: happen that they have a meaningful influence on what is

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Speaker 1: about to happen, and they are trading to the extent

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Speaker 1: that politicians should want the public to trust them. This

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Speaker 1: undermines every bit of trust. It goes to every worst

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Speaker 1: expectation of corruption. And it's not even expectation. It's real.

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Speaker 1: I mean, it's really, it's real, all right, it's real.

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Speaker 1: It's very interesting the case they make their saga. Yeah,

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Speaker 1: they're like even the crooks on Wall Street can't It's

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Speaker 1: right though, Yeah, they're right. My sister works in finance.

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Speaker 1: She has all kinds of restrictions on the ability that

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Speaker 1: she does. She's got more restrictions on hers as like

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Speaker 1: an early staffer in finance as somebody who's not the

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Speaker 1: Speaker of the House. It is insane, It's totally nuts

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Speaker 1: and right, yeah, and why because those laws were not

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Speaker 1: put in place by the people that are going to

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Speaker 1: then be subject to those rules and laws. Whereas in

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Speaker 1: Congress were relying on crooks like Pelosi and all the

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Speaker 1: rest of them to regulate themselves. And they're just brazen

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Speaker 1: about it. I mean, what business inside are uncovered, the

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Speaker 1: number of fifteen members who sit directly on defense committees

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Speaker 1: and have direct investments in Raytheon and Lackey Martin these

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Speaker 1: other military industrial complex place. You had something like seventy

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Speaker 1: five members trying to profit off the pandemic. You had

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Speaker 1: people who were just total hypocrites in terms, Oh I'm

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Speaker 1: pro I'm you know, pro environment, I'm anti climate change,

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Speaker 1: and then they're invested in like Exonomobile. It was just

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Speaker 1: and then you've got you know, Republicans who are very

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Speaker 1: anti Silicon Valley and they're invested in Silicon Valley stuff. Yeah.

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Speaker 1: It just complete hypocrisy, complete corruption, complete erosion of the

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Speaker 1: public trust, so brazen that even Stephanie Ruhle and Andrew

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Speaker 1: ross Organ who Stephanie rule famously not from Park Avenue

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Speaker 1: but pretty darn close. When you lost some multi millionaire

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Speaker 1: MSNBC hosts who defends Park Avenue residents, you have a problem,

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Speaker 1: serious corruption problem. Is no other way to describe it. Yeah,

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Speaker 1: it's like I mean Andrew Oss Sorkin for people don't know,

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Speaker 1: the host of CNBC's morning show squawk Box. I mean

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Speaker 1: he co created billions like the icon of Wall Street

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Speaker 1: Media wrote too Big to Fail, deeply embedded, you know,

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Speaker 1: with the industry. I'm not criticizing him necessarily, I'm just saying, like,

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Speaker 1: that's who these people are, even they are like, this

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Speaker 1: is totally nuts and crazy. That is how far Pelosi

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Speaker 1: is out of step on this. And you can't help

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Speaker 1: but wonder, how is this lady worth one hundred and

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Speaker 1: fifty million dollars and her husband makes all sorts of

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Speaker 1: sketchy options trades based on very risky information hours before votes.

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Speaker 1: I mean, it's nuts. I can't even believe it's legal,

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Speaker 1: and yet it is, you know, and it's only recently

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Speaker 1: that we even found out about this because of the

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Speaker 1: passage of the Stock Act. Now they just have to

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Speaker 1: tell us, but they can still do it. Yeah, I

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Speaker 1: mean Sorkin has a lot of access in this world.

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Speaker 1: He's deeply entwined, and you know, I hate him just

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Speaker 1: because he continues to look like he's like twenty years old.

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Speaker 1: For I think that's I want to know the answers,

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Speaker 1: like what are you doing something? Until we get those yes,

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Speaker 1: good accountability, I'm not going to be a fan. I

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Speaker 1: just looked at me. He's forty four, forty four years old.

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Speaker 1: He is a bilking guy. Looks yeah, he does probably

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Speaker 1: working out. I gotta get on there, right, he's got

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Speaker 1: whatever the like Wall Street, you know, Unicorn below whatever

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Speaker 1: that they're drinking over there. Well, I gotta holk that.

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Speaker 1: I gotta get some hooked me up. All right, all right, guys,

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Speaker 1: thanks for watching. We've been tracking closely the Couomo saga,

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Speaker 1: the downfall of downfall of the brothers. We saw Andrew

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Speaker 1: Cuomo he had to resign after sexual harassment scandals came

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Speaker 1: to light. Then we had the report showing that he

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Speaker 1: used state resources in order to help his book, his

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Speaker 1: five million dollar book deal. The downfall of his brother well,

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Speaker 1: it just keeps getting worse for the Couomos. The fallout

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Speaker 1: is incredible. Let's put this up there on the screen.

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Speaker 1: Governor Cuomo has been ordered by the New York State

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Speaker 1: Ethics Board to turn over millions of dollars in profits

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Speaker 1: from his Pandemic memoir, giving him thirty days to comply,

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Speaker 1: which totals five point one million dollars. Now, it's funny, Crystal,

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Speaker 1: he never actually sold that many books. We actually sold

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Speaker 1: more books than he did whatever we wrote on and

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Speaker 1: wasn't even close. But he received, unlike US five million

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Speaker 1: dollars in a advance from a publishing company, essentially a

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Speaker 1: little bit of a payoff. And then he used state

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Speaker 1: resources and actually siphoned off Steve where his state resources

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Speaker 1: and employees to write that book for five million dollar

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Speaker 1: book deal. And some justice is being served here. The

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Speaker 1: man now asked to turn over five million. Don't worry,

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Speaker 1: he's still worth millions and millions of dollars. He'll be okay. So, Governor,

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Speaker 1: I look forward to seeing that check. I met you.

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Speaker 1: This guy is going to make a comeback at some point.

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Speaker 1: He's going to go into the wilderness. Let people forget

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Speaker 1: and then try to give him like kind of a

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Speaker 1: come back. But just say you know too. This was

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Speaker 1: not even a close vote. Was a twelve to one

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Speaker 1: vote of the state's Joint Commission on Public Ethics. They

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Speaker 1: had previously ruled that Quoma had received authorization for the

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Speaker 1: deal under false pretenses, and they decided on Tuesday that

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Speaker 1: he was not entitled to keep any of the profits

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Speaker 1: from it. I think the one dude who voted the

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Speaker 1: other way was like a Cuomo appointing and just like

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Speaker 1: a total, you know, a total shill. It was like

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Speaker 1: I worried about the president or whatever, but you know,

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Speaker 1: it's even worse than just the fact, which is bad

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Speaker 1: enough that he was using state resources to write this

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Speaker 1: terribleok book that nobody ultimately was interested in reading. The

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Speaker 1: timeline that was revealed of when the book deal came

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Speaker 1: together and when this was all happening is really stunning

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Speaker 1: because this was early days of the pandemic when New York,

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Speaker 1: I mean, he had no idea how this was going

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Speaker 1: to go the worst of everything for New York, which

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Speaker 1: I mean, you guys remember it was horrific. There were

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Speaker 1: you know, trucks parked on the street with jed bodies

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Speaker 1: in him. It was terrible. All of that was still

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Speaker 1: to come. When he's out there signing a multimillion dollar

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Speaker 1: book deal and then using the same government employees who

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Speaker 1: are supposed to be dealing with this absolutely catastrophic and

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Speaker 1: devastating crisis, he's distracting them instead with helping him write

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Speaker 1: his frickin' book. Like it just shows you the ego

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Speaker 1: of this man, the narcissism of this man, the callousness

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Speaker 1: of this man. So the fact that he's being ordered

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Speaker 1: to at least return some of those ill gotten gains

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Speaker 1: is something at least it's something, No, it is something Look,

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Speaker 1: it's some measure of justice. Let's not you know, turn

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Speaker 1: our nose it it's five million dollars. There's a lot

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Speaker 1: of money. Even if you're a multimillionaire, that's a lot

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Speaker 1: of money. And so look, it's possibly good to spend

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Speaker 1: it all to do. I mean, that's the way some

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Speaker 1: of these people live. You know, it wouldn't surprise me

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Speaker 1: if he's one of those guys who's perpetually broke and

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Speaker 1: constantly needs them, even though you know, daddy left him

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Speaker 1: a nice tidy sum and his brother's got you know,

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Speaker 1: millions and millions from his CNN contract, So we'll see.

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Speaker 1: I do think it is a positive step in the

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Speaker 1: right direction. And I think the downfall of these two

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Speaker 1: men shows you the hubris of a lot of elite

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Speaker 1: liberalism of right in the middle of the pandemic. And

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Speaker 1: to me, it's just that there is a cost. Look,

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Speaker 1: you can't flagrantly flout the rules at your company, in

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Speaker 1: when you're in media, or when you're the governor. You

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Speaker 1: no matter how popular you are, eventually the bill will

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Speaker 1: come do very rarely does, but eventually, And that's what

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Speaker 1: happened for these two. Yeah, that is what happened. They've

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Speaker 1: got little too bold here. Last note on this is

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Speaker 1: former Governor Cuomo is not out of the woods yet.

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Speaker 1: He's still being investigated. Oh, that's right, several investigations by

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Speaker 1: the federal government. They're looking at the fact that his

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Speaker 1: administration downplayed the death toll of nursing home residents. Read

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Speaker 1: that's the New York Times, very diplomatic wording that they

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Speaker 1: lied and whitewashed the death toll of nursing home residents

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Speaker 1: during the pandemic, they say, among other matters. And he

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Speaker 1: was also criminally charged with groping the breast of a

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Speaker 1: former executive assistant in the executive mansion last year and

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Speaker 1: is scheduled to be arraigned in January. We will bring

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Speaker 1: you any updates on those investigations and prosecutions. But yeah,

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Speaker 1: it's incredible to reflect on the massive downfall of Andrew Cuomo,

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Speaker 1: who was not only governor but riding high receiving Emmy's

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Speaker 1: the hero people speculating about they're going to sub him

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Speaker 1: in for Joe Biden and all of that stuff. He

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Speaker 1: was going to be the savior of the Democratic Party

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Speaker 1: and then his brother who was listen, it's low bar

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Speaker 1: but the highest rated primetime host at CNN, extraordinarily influential,

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Speaker 1: extraordinarily powerful in that position, and now both of them

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Speaker 1: out of the job. Pretty stunning, just incredible, it really is.

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Speaker 1: Of course, we hear at breaking points, have been tracking

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Speaker 1: the rise in prices of a lot of staples, things

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Speaker 1: that you're picking up a grocery store, rent gas, of course,

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Speaker 1: and today we wanted to zoom in on one of

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Speaker 1: those goods in particular, and that is beef. And to

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Speaker 1: get the real story on why beef prices are increasing

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Speaker 1: so dramatically, we wanted to bring in Bill Bullard. He

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Speaker 1: is not only a former rancher, but he is also

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Speaker 1: CEO of the national nonprofit Ranchers Cattleman Action Legal Fund.

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Speaker 1: Great Ceabill good Sea, Bill, glad to be here, Thank you, Yeah,

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Speaker 1: our pleasures. So let me throw this hair sheet up

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Speaker 1: on the screen to sort of set the table here metaphorically,

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Speaker 1: no pun intended. Beef prices up twenty percent since last year,

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Speaker 1: and CNBC goes into some of the reasons why, and Bill,

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Speaker 1: I know the Biden administration. Part of what they have

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Speaker 1: pointed to is that meat processors that industry has massively

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Speaker 1: consolidated into four giant conglomerates just taken us into some

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Speaker 1: of the reasons why beef prices have gone up so much. Well,

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Speaker 1: the reason is is the marketplace is fundamentally broken. You

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Speaker 1: have four packers controlling eighty five percent of the fed

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Speaker 1: cattle market. They have control over the marketplace. We filed

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Speaker 1: an antitrust lawsuit against the Big four packers alleging that

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Speaker 1: they have conspired to artificially depressed prices to cattle producers

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Speaker 1: will at the same time inflating prices to consumers. So

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Speaker 1: for the past six years, we've seen consumer beef prices

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Speaker 1: rising and we've seen cattle prices falling. In fact, they're

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Speaker 1: moving in the opposite directions. And this is a great

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Speaker 1: concern because the only ingredient in beef is cattle, and

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Speaker 1: so there should be a harmonious relationship between the two

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Speaker 1: price points, but that's not occurred. And since twenty seventeen,

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Speaker 1: we've seen beef prices skyrocketing. The consumers are paying at

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Speaker 1: the grocery store, and at the same time, we have

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Speaker 1: cattle producers who are being forced out of business because

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Speaker 1: they cannot receive their cost of production from the broken marketplace.

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Speaker 1: And we have two problems. We have a lack of

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Speaker 1: competition in the entire live cattle marketing structure, and then

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Speaker 1: we have globalization. We have given the meat packers the

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Speaker 1: ability to source beef from anywhere around the world, cheaper beef.

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Speaker 1: It's not differentiated. Consumers can't tell the difference. So they're

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Speaker 1: buying beef out of Brazil, Uruguay, Nicaragua, Honduras, Costa Rica, Australia, Mexico, Canada,

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Speaker 1: passing it off the consumers as a direct substitute for

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Speaker 1: the beef produced by the American rancher. And this is

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Speaker 1: harming the American rancher and it's hurting consumers because right now,

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Speaker 1: consumers are being exploited on one end of the supply

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Speaker 1: chain and cattle producers are being exploited on the other.

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Speaker 1: And as the Biden administration recently announced, the meat packers'

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Speaker 1: margins have increased three hundred percent since the pandemic. But

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Speaker 1: this is a systemic problem. It's been going on since

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Speaker 1: twenty fifteen that we've seen this absolute disconnect between the

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Speaker 1: value of beef and the value of cattle, and we

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Speaker 1: need to fix that, but so far the government hasn't

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Speaker 1: done anything. You were the person who taught me about that.

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Speaker 1: I had no idea about these labeling laws around products

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Speaker 1: of the area made in the USA. Basically mislabeling via

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Speaker 1: lobbying that was hurting American consumers because they want to

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Speaker 1: buy American beef, but they change the labeling standards, so

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Speaker 1: that doesn't necessarily apply to people like yourselves or for

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Speaker 1: other ranchers that are actually producing beef here in the

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Speaker 1: United States. Can you talk a little bit not only

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Speaker 1: to that, but just how little of the profit is

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Speaker 1: actually filtering down to the folks who themselves have made

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Speaker 1: a living out of raising cattle here in the US.

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Speaker 1: So with respect to the country of origin labeling, consumers

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Speaker 1: can go to the grocery store and see a beef

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Speaker 1: product with the label that says product of the USA.

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Speaker 1: Now that product may have been exclusively produced in Uruguay,

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Speaker 1: for example, brought into the United States and in full

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Speaker 1: compliance with our current regulations by the US Department of Agriculture.

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Speaker 1: They can bring that Uruguay and beef product into a

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Speaker 1: US packing plant, take the package outer or the beef

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Speaker 1: out the package, throw away the Uruguay and label, place

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Speaker 1: a product of the USA label on it, and sell

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Speaker 1: it to unsuspecting consumers as if it were produced by

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Speaker 1: the American cattle producer. And that's false. That's the deceptive

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Speaker 1: and this has been going on for a long time,

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Speaker 1: and it's harming the producers and it's harming him. To

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Speaker 1: this extent, we go back less than or just a

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Speaker 1: little over a generation, and about sixty two percent of

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Speaker 1: every dollar consumer spent on beef would actually flow back

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Speaker 1: to the American rancher. Well, in recent years that percentage

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Speaker 1: has dropped to about thirty seven percent, So the rancher

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Speaker 1: has lost half of the consumer dollar that used to

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Speaker 1: flow through the supply chain back to the cattle producers,

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Speaker 1: and that profit is now being captured by the middleman

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Speaker 1: in this instance, and that's a beef packing cartel. A

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Speaker 1: the reasons why I find this conversation so important is

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Speaker 1: because so many corners of our you know, food production

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Speaker 1: industry have already been monopolized. You know, it's all it's

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Speaker 1: big ag, it's the big meat packing companies. And it

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Speaker 1: seems like the ranchers are like this one holdout where

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Speaker 1: you still have small producers, you know, living this life

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Speaker 1: and deriving their economy, raising a family off of you know,

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Speaker 1: their ability to raise cattle. Could you speak to that

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Speaker 1: aspect of it, because listen, I don't know anything about this.

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Speaker 1: It strikes me from the outside. This isn't just about economics.

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Speaker 1: It's also about a way of life that is dramatically

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Speaker 1: under pressure by the undercutting of the ability to you know,

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Speaker 1: live and produce the way that people have been able

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Speaker 1: to for so long. Yes, that's right. You know, America

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Speaker 1: was built with entrepreneurs, small businesses, farming and ranching and

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Speaker 1: main street businesses, and they once flourished and we had

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Speaker 1: a very vibrant rural economy all across America. Drive across

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Speaker 1: America today and you see rural communities literally hollowed out

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Speaker 1: there blowing away. They've gone to dust weeds growing down

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Speaker 1: the streets. And the reason for that is the single

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Speaker 1: largest segment of American agriculture is the live cattle industry.

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Speaker 1: We have about three quarters of a million cattle producers

429
00:24:13,119 --> 00:24:15,880
Speaker 1: left in this industry. Most of those are family farming

430
00:24:15,920 --> 00:24:20,320
Speaker 1: and ranching operations, and they were providing the economic cornerstones

431
00:24:20,320 --> 00:24:24,199
Speaker 1: for real communities. But since we've gone through this long

432
00:24:24,359 --> 00:24:28,280
Speaker 1: period of depressed the profits in below the cost of

433
00:24:28,359 --> 00:24:32,320
Speaker 1: production returns in the marketplace. In just over a generation,

434
00:24:32,480 --> 00:24:36,560
Speaker 1: we've lost five hundred and forty four thousand independent beef

435
00:24:36,640 --> 00:24:40,200
Speaker 1: cattle operations from this country. So cattle producers are dropping

436
00:24:40,240 --> 00:24:42,679
Speaker 1: life flies, and so the industry. If we don't make

437
00:24:42,720 --> 00:24:46,240
Speaker 1: a change, a fundamental change, and do it quickly, this industry,

438
00:24:46,400 --> 00:24:49,960
Speaker 1: the US ranching industry, will no longer look like what

439
00:24:50,080 --> 00:24:52,880
Speaker 1: it is today. It's going to be radically changed. It's

440
00:24:52,920 --> 00:24:55,600
Speaker 1: going to be corporatized. It's going to be an industrialized

441
00:24:55,640 --> 00:24:58,440
Speaker 1: model where the meat packers decide from birth to plate

442
00:24:58,520 --> 00:25:01,280
Speaker 1: how to produce the cattle. And you will continue to

443
00:25:01,320 --> 00:25:05,800
Speaker 1: see mass exoduses of cattle producers from rural communities, just

444
00:25:05,840 --> 00:25:08,440
Speaker 1: as we have for the past four decades. And what's

445
00:25:08,480 --> 00:25:12,240
Speaker 1: really sad about this is that Congress has just ignored

446
00:25:12,280 --> 00:25:15,600
Speaker 1: this problem. The administrations of the past have all ignored

447
00:25:15,640 --> 00:25:19,280
Speaker 1: this problem. And now it's gotten so critical because consumers

448
00:25:19,280 --> 00:25:22,920
Speaker 1: are being exploited so terribly in the marketplace that finally

449
00:25:22,960 --> 00:25:26,640
Speaker 1: attention is being drawn to it. And hopefully now we'll

450
00:25:26,680 --> 00:25:29,800
Speaker 1: get some major movement. As was indicated, we have a

451
00:25:29,840 --> 00:25:33,240
Speaker 1: bill introduced sen It Bill twenty seven sixteen that will

452
00:25:33,240 --> 00:25:37,040
Speaker 1: restore mandatory country of origin labeling for beef. That means

453
00:25:37,080 --> 00:25:38,879
Speaker 1: consumer can go to the grocery store and see a

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00:25:38,920 --> 00:25:42,399
Speaker 1: product that says born, raised, and harvested in the United States,

455
00:25:42,400 --> 00:25:45,080
Speaker 1: and when the consumer purchases that product, they will send

456
00:25:45,080 --> 00:25:48,439
Speaker 1: a demand signal to the packer to source more beef.

457
00:25:48,720 --> 00:25:50,800
Speaker 1: And the only place that packer can go is to

458
00:25:50,880 --> 00:25:54,240
Speaker 1: the American ranching industry. They have to buy from American

459
00:25:54,280 --> 00:25:57,879
Speaker 1: cattle producers, and that's what's going to revitalize rural America again.

460
00:25:58,200 --> 00:26:00,400
Speaker 1: But we have to give consumers the ability to help

461
00:26:00,440 --> 00:26:02,119
Speaker 1: the industry, and the only way they can do that

462
00:26:02,280 --> 00:26:06,280
Speaker 1: is that they can actually distinguish between the high quality

463
00:26:06,440 --> 00:26:09,880
Speaker 1: USA beef product produced by American ranchers or the beef

464
00:26:09,880 --> 00:26:14,840
Speaker 1: products produced cheaper in Uruguay, Australia, Costa Rica, and any

465
00:26:14,880 --> 00:26:17,679
Speaker 1: one of the twenty countries we import from. Have you

466
00:26:17,720 --> 00:26:21,399
Speaker 1: been able to get bipartisan support on that on that

467
00:26:21,480 --> 00:26:23,800
Speaker 1: Senate bill? Who have been some of the champions for

468
00:26:23,840 --> 00:26:28,200
Speaker 1: you all, very much so. Senator John Thune, Republican from

469
00:26:28,760 --> 00:26:32,480
Speaker 1: South Dakota. Senator Mike Brown's, Republican of South Dakota. Senator

470
00:26:32,520 --> 00:26:36,960
Speaker 1: John Tester, Democrat from Montana. Senator Corey Booker Democrat from

471
00:26:37,040 --> 00:26:40,680
Speaker 1: New Jersey. So we've got what we call cattle states

472
00:26:40,840 --> 00:26:43,240
Speaker 1: and urban states involved in this. And then you've got

473
00:26:43,440 --> 00:26:47,520
Speaker 1: Senator John Hovan, Republican from North Dakota. We've got Senator

474
00:26:47,520 --> 00:26:51,720
Speaker 1: Ben ray Lewan, Democrat from New Mexico, and we've got

475
00:26:51,720 --> 00:26:56,000
Speaker 1: Senator Heinrich from New Mexico joined on and Senator Cynthia

476
00:26:56,040 --> 00:27:00,400
Speaker 1: Loomis a Republican from Wyoming. So it's a bipartisan bill.

477
00:27:00,480 --> 00:27:04,000
Speaker 1: It's clearly recognized this is an essential piece of legislation

478
00:27:04,080 --> 00:27:06,320
Speaker 1: that must be passed, and yet it sits in the

479
00:27:06,440 --> 00:27:09,040
Speaker 1: US Senate ad Committee and they do nothing. And one

480
00:27:09,080 --> 00:27:11,800
Speaker 1: of the reasons is is because the beatpacking cartel is

481
00:27:11,840 --> 00:27:15,520
Speaker 1: so powerful, not just out in the marketplace, but they're

482
00:27:15,560 --> 00:27:18,320
Speaker 1: powerful in Washington, d C. And they've been successful at

483
00:27:18,359 --> 00:27:22,199
Speaker 1: holding Congress and the administration at bay for decades. And

484
00:27:22,320 --> 00:27:24,880
Speaker 1: we've got to do something. We've got to be forceful,

485
00:27:24,920 --> 00:27:27,840
Speaker 1: we've got to be decisive, and we have to be aggressive.

486
00:27:27,920 --> 00:27:31,800
Speaker 1: And so we're pushing Congress for some key reforms in

487
00:27:31,880 --> 00:27:36,040
Speaker 1: order to restore opportunities for the American rancher to once

488
00:27:36,119 --> 00:27:41,359
Speaker 1: again be profitable and to help rebuild rural America. Bill

489
00:27:41,359 --> 00:27:42,960
Speaker 1: We always love talking to you. Thank you so much

490
00:27:42,960 --> 00:27:45,080
Speaker 1: for taking the time and helping educate our audience. Thank

491
00:27:45,119 --> 00:27:46,280
Speaker 1: you Bill,