As production of cattle has plummeted to its lowest levels in decades, a rancher is warning that Americans are “going to pay the price” for the beef supply hitting a crisis point.

“This is a bad situation for America’s cattle farmers and America because we’re producing 1 billion pounds less beef than we were in this country, just a year ago,” John Boyd, Jr. – president of the National Black Farmers Association – said during a Thursday interview on “Fox & Friends First.”

Boyd has been…

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