It was my hope that the reduced prices being received by feeders would be passed on to consumers and that the consumption of beef and other meat would increase to a level that would reduce the surplus and once again allow livestock raisers to make a fair profit. Unfortunately. this has not happened. and to make the situation worse. the United States has become the only major meat importing country which has failed to embargo further shipments of foreign meat. Last week I introduced legislation to reimpose the meat import quota system and to provide that in the future quotas may only be lifted with the concurrence of Congress. Today I am introducing. with a number of cosponsors. legislation to provide government loan guarantees to help maintain in business livestock breeders and feeders who face bankruptcy. I need not point out.
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quota system