The following article is from the Oklahoma Farm Report:
USDA Secretary Vilsack Says Agency Will Perform Cost Benefit Analysis of GIPSA Rule
The US Department of Agriculture will conduct a cost-benefit analysis of the so called “GIPSA Rule” that would significantly change the way livestock is marketed in the United States if adopted. Agriculture Secretary Tom Vilsack announced the analysis during a Monday Conference Call with Meat Industry officials. The National Chicken Council was one of the groups on the call- and their spokesman Richard Lobb told Dow Jones that this is the first time that they have heard USDA say they will conduct an extensive analysis.
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, the National Chicken Council reported in a news release after Monday’s teleconference.
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.
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Source: Oklahoma Farm Report
Posted by Haylie Shipp
