USDA to Move Forward with Cost-Benefit Analysis of GIPSA Rule


Secretary of Agriculture Tom Vilsack told poultry and meat industry representatives on Monday that USDA will conduct a more thorough cost benefit analysis of new livestock marketing rules proposed by the Grain Inspection, Packers and Stockyards Administration (GIPSA).

Vilsack declined to speculate how long the review process would take, but said the rule as published June 22 was a draft and could be extensively changed before being finalized.

Industry groups weighed in extensively with their concerns about the proposals during an extended comment period which ended Nov. 22, including criticizing the lack of an adequate economic analysis in the proposed rule.

“A serious and robust analysis of the economic impact of the proposed GIPSA rule is long overdue,” said NCC Senior Vice President and Chief Economist Bill Roenigk.  “The rule will have a profound, far-reaching and costly impact on the poultry and livestock industries, and it should not have been put forth without an appropriate analysis of its impact on farmers and ranchers, industry, and consumers.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: