Page 3 - MWC 04-22-2021s

The Midwest Cattleman · April 22, 2021 · P3

April 22, 2021 Volume 27 No. 5

US BEEF INDUSTRY IS THE MOST SUSTAINABLE RESURGENCE IN RESTAURANT DEMAND
A recently re- CONSUMER DEMOGRAPHICS POSSIBLY
leased research CHANGE POST-PANDEMIC
paper confirmed The restaurant industry porting a surge in demand.
U.S. beef produc- appears to be on the rebound ‘Restaurant Business On-
tion is the most following the pandemic line’ reports the pent-up de-
sustainable pro- with more restaurants re- mand comments are coming
duction system from the executives of ca-
in the world, sual-dining chains. More of
a fact long un- those restaurants are bank-
derstood by ing on the added demand
America’s cattle to drive strong growth this
producers, who between the ruminant animals, like beef year. It's a hopeful sign after
1960s and 2018, reduced the cattle, to help make more COVID-19 proved to have a
carbon footprint of the indus- protein with fewer resourc- devastating impact on the
try by 40 percent while pro- es,” said NCBA president restaurant industry.
ducing 66 percent more beef. and Kansas cattleman, Jerry continued on page 12
“We already know a grow- Bohn. “Cattle generate more
ing global population will re- protein for the human food NEW LEGISLATION COULD PROTECT
quire and demand high-quali- supply than would exist with- AGAINST DEATH TAX
ty food, which means we need continued on page 10 The Preserving Family
Farms Act of 2021 was intro-
duced recently. This biparti-
2021 RED MEAT EXPORT OUTLOOK REMAINS san legislation to expand IRS
STRONG DESPITE DROP IN FEBRUARY Code Section 2032A would
By Jennifer Shike allow cattle producers to take
February exports of U.S. beef exports are expected to advantage of the special use
pork and beef remained increase substantially year- valuation and protect fam-
ily-owned businesses from
below the rapid pace over-year, while pork in the tax code overall and
established in early exports are projected the devastating impact of the they need certainty, especial-
federal estate tax.
2020, according to to narrowly surpass ly when it comes to the estate
“America’s farmers and
data released by the 2020 record. ranchers deserve certainty tax. Without it, transition
USDA and com- "While Febru- continued on page 12
piled by the U.S. ary exports were
Meat Export Fed- in line with expec- NATURE CONSERVANCY AND NRCS ENTER
eration (USMEF). tations, the results COOPERATIVE AGREEMENT
Still, exports were don't fully reflect global The Nature Conservancy
consistent with USMEF's demand for U.S. red meat," (TNC) and U.S. Department
February projections. 2021 Dan Halstrom, USMEF pres- of Agriculture (USDA) Nat-
continued on page 10 ural Resources Conservation
Service (NRCS) announce

CHINA’S MARCH MEAT IMPORTS SURPASS the two organizations have
entered into a five-year co-
1 MILLION METRIC TONS operative agreement to in- South Dakota. organizations
two
The
China imported 1.02 mil- crease private land conser- have a mutual interest in
lion metric tons of meat in vation in Kansas, Missouri, successfully implementing
March, customs data showed, Nebraska, Oklahoma, and continued on page 12
the highest monthly volume
since at least January 2020, as
the world's biggest meat buyer Coming Sales-38
continued to stock up to fill Life is Simple-5
shortages at home. Market Report-8
Imports rose 11.4% from year. China's General Admin-
919,000 metric tons in March istration of Customs started Agribusiness
2020, the data showed, even publishing data for combined Directory-36
after local pork prices fell meat imports last year.
sharply since the start of the
continued on page 10