USA - GIPSA Rule’s costs substantial
http://www.nppc.org/news/DocumentSingle.aspx?DocumentID=26088
16-Nov-2010 (15 years 6 months 24 days ago)Confirming what food-animal producers have suspected about a proposed federal rule on buying and selling livestock and poultry, a comprehensive economic analysis of the U.S. Department of Agriculture’s proposed regulation found it would be bad for farmers and ranchers, bad for consumers and bad for rural America.
The study, released and conducted by Informa Economics Inc. on behalf of the National Cattlemen’s Beef Association (NCBA), the National Meat Association (NMA), the National Pork Producers Council (NPPC) and the National Turkey Federation (NTF), showed that the rule would result in job losses of more than 22,800, with an annual drop in gross domestic product by as much as $1.56 billion and an annual loss in tax revenues of $359 million.
The study, released and conducted by Informa Economics Inc. on behalf of the National Cattlemen’s Beef Association (NCBA), the National Meat Association (NMA), the National Pork Producers Council (NPPC) and the National Turkey Federation (NTF), showed that the rule would result in job losses of more than 22,800, with an annual drop in gross domestic product by as much as $1.56 billion and an annual loss in tax revenues of $359 million.