According to an update from the National Pork Producers Council, Agriculture Secretary Tom Vilsack has said he will not withdraw a proposed rule on buying and selling livestock and poultry. The statement came following a letter the Secretary received from 147 House lawmakers asking that the proposed rule be withdrawn and that USDA propose a regulation — more consistent with the intent of Congress as outlined in the 2008 Farm Bill.
Under the farm bill, USDA is to promulgate new regulations under the Packers and Stockyards Act to address five specific areas related to livestock and poultry contracts. The bi-partisan letter highlighted concerns about the process and cited this as the reason the USDA should withdraw and re-propose.
A recent analysis of the proposed regulation conducted by Informa Economics found that it would cost the U.S. pork industry nearly 400-million dollars annually, resulting in 2,000 direct pork related job losses. NPPC — like the 147 bi-partisan House members – has strongly urged USDA to be open and transparent in its regulatory dealings with the U.S.… Continue readingRead More »