How will loss of USDA Cattle Inventory reports impact farmers. What we know and don't know

Earlier this month, the USDA announced it was scrapping its July Cattle Inventory report, one of just two major reports released annually.

The National Agricultural Statistics Service (NASS) also disclosed that it would be canceling livestock and crop production surveys, information that ag organizations say are "crucial to the success of America’s farmers and ranchers".

What's behind the discontinuation of these valuable reports filled with critical data? Here's what we know and don't know:

What is the Cattle Inventory survey?

According to the USDA, the survey is conducted in all states and provides basic inventory data describing the nation's cattle herd. The reports provide estimates of the number of breeding animals for beef and milk production as well as the number of heifers being held for breeding herd replacement. Estimates of cattle and calves being raised for meat production are also included. The number of calves born during the previous year is also measured.