2021 Cattle Market Outlook: Economics & Policy

Public Policy

After a volatile 2020 in the cattle markets, economists will take a brief look at what happened in 2020, and then deep dive into what cattle producers across the country could come to expect in 2021, both in the marketplace and policies from the 117th Congress that will affect the cattle markets.

Speakers:

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Scott Bennett, Director, Congressional Relations, AFBF

Scott Bennett serves as the American Farm Bureau Federation’s Director of Congressional Relations. His issue portfolio is comprised of livestock and related issues including GIPSA, cell-based proteins, gene-editing and Mandatory Price Reporting. Scott also manages AFBF’s efforts on hemp, child nutrition/dietary guidelines and agricultural research.

Scott has been with the American Farm Bureau Federation since October of 2018. Prior experience includes serving as Legislative Director for former House Judiciary Chairman Bob Goodlatte, where Scott guided the Chairman through policy decisions as a conferee for the 2018 Farm Bill. Before working on the Hill, Scott was an Associate at Keys Group, a D.C. based consulting and lobbying firm representing multi-national food and animal health companies. Scott was born and raised in Red House, VA on his family’s purebred Angus, Gelbvieh and Hereford cattle operation, Knoll Crest Farm.

Scott earned a bachelor’s degree in agricultural economics from Virginia Tech, and resides in Arlington, Virginia. He serves on the Board for the Animal Agriculture Alliance, VA 4-H Foundation, and the VA FFA Foundation.

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Michael Nepveux, Economist, AFBF

Michael Nepveux serves as an Economist at the American Farm Bureau Federation. His issue portfolio consists of livestock and dairy markets, farm bill and federal crop insurance, renewable fuels, biotechnology, agricultural data issues, and endangered species issues.

AFBF is the nation’s largest organization representing farmers and ranchers. AFBF is the unified national voice of agriculture, working through our grassroots organizations to enhance and strengthen the lives of rural Americans and to build strong, prosperous agricultural communities.

Nepveux joined the American Farm Bureau Federation as an economist in May of 2018. He comes to AFBF from Informa Economics’ Agribusiness Consulting Group, where he was a consultant charged with conducting market, policy and economic research and analysis in several fields including agriculture, agricultural risk management, transportation and renewable energy. His prior experience also includes internships and placements with the Agriculture Department’s Foreign Agricultural Service and the House Agriculture Committee.

Nepveux earned a bachelor’s degree in agribusiness and economics and a master’s degree in agricultural economics, both from Texas A&M University.

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Dr. Derrell S. Peel, Charles Breedlove Professor of Agribusiness, OSU

Dr. Derrell Peel is the Charles Breedlove Professor of Agribusiness in the Department of Agricultural Economics. He has served as the Extension Livestock Marketing Specialist since he came to Oklahoma State University in 1989. He has B.S. and M.S. degrees from Montana State University and a Ph.D. from the University of Illinois. He previously served as the Superintendent of the Southeastern Colorado Range Research Station in Springfield Colorado. His main program areas at Oklahoma State University include livestock market outlook and marketing/risk management education for livestock producers.

Derrell also works in the area of international livestock and meat trade with particular focus on Mexico and Canada and the North American livestock and meat industry. He lived in Mexico on sabbatical in 2001 and has developed an extensive knowledge of the Mexican cattle and beef industry and the economics of cattle and beef trade between the U.S. and Mexico.