New rules aimed at limiting US meat processing market power

The US Department of Agriculture’s Grain Inspection, Packers and Stockyards Administration (GIPSA) has announced an update in regulations that ‘protects the rights of farmers’, according to the agency. The Farmer Fair Practices Rules falls under the US’s Packers and Stockyards Act and seeks to level the playing field for farmers against meat packers. In his last five weeks as US Secretary of Agriculture, Tom Vilsack said that US poultry growers in particular were vulnerable to market risks and concentration in the processing sector. All too often, processors and packers wielded the power and farmers carried the risk, he said. The…

Source: Beef Central
New rules aimed at limiting US meat processing market power