The Donald Trump administration will further delay the effective date of a regulation related to the buying and selling of livestock, a move applauded by the National Pork Producers Council.
The Farmer Fair Practices Rules, written by the U.S. Department of Agriculture’s Grain Inspection, Packers and Stockyards Administration, includes two proposed regulations and an interim final rule. Dustin Baker is NPPC’s Deputy Director of Economics & Domestic Production Issues. He says pork producers welcome the delay of the interim final rule…
The interim final rule will now become effective October 19th, following a review and the public comment period. Baker explains the rule and why pork producers are concerned with it…
He says the delay and review of the rule is a step in the right direction…
An Informa Economics study found that the GIPSA Rule would cost the U.S. pork industry more than $420 million annually, because of lawsuits brought under the “no competitive injury” provision included in the interim final rule.
