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1253028
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9/13/76 - Remarks on the Signing of H.R. 8410: Amendments to the Packers and Stockyard Act of 1921
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1253028
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document
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9/13/76 - Remarks on the Signing of H.R. 8410: Amendments to the Packers and Stockyard Act of 1921
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President's Speeches and Statements Reading Copies (Ford Administration)
Reading Copies of Presidential Speeches and Statements
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Livestock
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1253028
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1976-09-13
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1976
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13
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1976-09-13
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1976
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The original documents are located in Box 38, "9/13/76 - Remarks on the Signing of H.R.
8410: Amendments to the Packers and Stockyard Act of 1921" of the President's Speeches
and Statements: Reading Copies at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 38 of President's Speeches and Statements: Reading Copies at the Gerald R. Ford Presidential Library
PRESIDENT'S REMARKS ON SIGNING
H.R. 8410
THE PACKER BONDING
BILL
SEPTEMBER 13, 1976
-1-
THE PRESIDENT HAS SEEN
AMERICAN AGRICULTURE
BUILT ON FREE ENTERPRISE
AND OPEN MARKETS,
HAS LONG BEEN THE ENVY OF THE WORLD
NO OTHER NATION HAS AN AGRICULTURAL INDUSTRY TO MATCH
AMERICAN FARMERS AND RANCHERS WHEN IT COMES TO
PROVIDING FOOD AT A REASONABLE COST
IN RECENT YEARS, HOWEVER, WE HAVE SEEN THE NEED
FOR GREATER PROTECTION OF LIVESTOCK PRODUCERS.
THE LEGISLATION I AM SIGNING TODAY ASSURES THAT OUR
LIVESTOCK PRODUCERS WILL RECEIVE PAYMENT FOR THE LIVESTOCK
THEY SELL TO MEAT PACKERS
EVEN IF A PACKER SHOULD
SUDDENLY GO OUT OF BUSINESS
-2-
LAST YEAR, CATTLE PRODUCERS LOST MILLIONS OF
DOLLARS WHEN ONE MAJOR MEATPACKER WENT BANKRUPT
THIS LEGISLATION WILL PREVENT SUCH LOSSES IN THE FUTURE
THESE CONSTRUCTIVE AMENDMENTS TO THE PACKERS AND
STOCKYARDS ACT WILL REASSURE PRODUCERS
PROVIDE
STABILITY IN THE MARKETPLACE
:
AND HELP TO ENSURE
AN ADEQUATE SUPPLY OF MEAT FOR AMERICAN CONSUMERS
I AM HAPPY TO SEE so MANY MEMBERS OF THE CONGRESS
HERE TODAY WHO WERE INSTRUMENTAL IN THE PASSAGE OF THIS
LEGISLATION
YOUR BIPARTISAN EFFORTS GAVE AMERICANS
A SENSIBLE AND RAPID RESPONSE TO A CLEARLY DEMONSTRATED
NEED
-3-
WITHOUT CREATING EXCESSIVE RESTRICTIONS ON ANY
SEGMENT OF THE INDUSTRY
WITHOUT CREATING A SUPERFLUOUS
NEW GOVERNMENT AGENCY
AND WITHOUT SIGNIFICANTLY
MODIFYING OUR FEDERAL BANKRUPTCY LAWS
THIS LEGISLATION
PROVIDES REASONABLE PROTECTION IN THE BEST INTERESTS OF
PRODUCERS
PACKERS AND CONSUMERS.
SIGNING THIS BILL WILL HELP ENSURE THAT AMERICA'S
HARD-WORKING PRODUCERS AND THE PACKERS WHO HANDLE THEIR
LIVESTOCK WILL CONTINUE TO PROVIDE AMERICANS WITH A
DEPENDABLE SUPPLY OF MEATS UNEQUALED ANYWHERE.
END OF TEXT