Agricultural News
Evidence Mounts That Government Should Do Economic Impact Analysis on Proposed GIPSA Rule
Tue, 16 Nov 2010 19:35:59 CST
The Chief Economist of the National Cattlemen's Beef Association, Gregg Doud, continues to scratch his head over the lack of an economic analysis by Uncle Sam on the proposed GIPSA Rule on how livestock are to be marketed. GIPSA Administrator Dudley Butler has defended the lack of an economic impact study by saying there would be limited impact, and Secretary of Agriculture Tom Vilsack has defended the GIPSA decision during the public comment period.
However, there are now three studies paid for by those in the livestock business that will be impacted by the proposed rules- and they all conclude huge costs- direct and indirect- will result.
We talk with Gregg Doud about especially the Informa Economics study released this past week, showing a $1.5 billion dollar impact to the livestock business- looking at the three major species. That's our topic on today's beef Buzz.
Meanwhile, on Tuesday, the National Chicken Council released details of a study done for them by FarmEcon LLC, an agricultural economics consulting firm. This group looked at just the chicken meat industry- and concluded that the costs would approach a billion dollars over a five year period to this part of the livestock business alone. Click here for our webstory with details of this latest look at what the GIPSA Rule will do to the livestock business.
Click here for our report from last week and details of the Informa Study that was released in Kansas City.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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