Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


USDA Secretary Vilsack Says Agency Will Perform Cost Benefit Analysis of GIPSA Rule

Tue, 14 Dec 2010 5:33:15 CST

USDA Secretary Vilsack Says Agency Will Perform Cost Benefit Analysis of GIPSA Rule The US Department of Agriculture will conduct a cost-benefit analysis of the so called "GIPSA Rule" that would significantly change the way livestock is marketed in the United States if adopted. Agriculture Secretary Tom Vilsack announced the analysis during a Monday Conference Call with Meat Industry officials. The National Chicken Council was one of the groups on the call- and their spokesman Richard Lobb told Dow Jones that this is the first time that they have heard USDA say they will conduct an extensive analysis.


Vilsack declined to speculate how long the review process would take, but said the rule as published June 22 was a draft and could be extensively changed before being finalized, the National Chicken Council reported in a news release after Monday's teleconference.


Industry groups weighed in extensively with their concerns about the proposals during an extended comment period which ended Nov. 22, including criticizing the lack of an adequate economic analysis in the proposed rule.


"A serious and robust analysis of the economic impact of the proposed GIPSA rule is long overdue," said NCC Senior Vice President and Chief Economist Bill Roenigk. "The rule will have a profound, far-reaching and costly impact on the poultry and livestock industries, and it should not have been put forth without an appropriate analysis of its impact on farmers and ranchers, industry, and consumers."


A study commissioned by NCC pegged the cost to the broiler industry alone at more than $1 billion over five years. A study commission by the American Meat Institute pegged the cost at $14 billion in GDP and $1.36 billion in lost tax revenue. Several other livestock groups, including the National Cattlemen's Beef Association and the National Pork Producers Council, had Informa look at the proposed rule- click here for our earlier story on what Informa found in their analysis.


In early October, over a hundred members of the US House called on Secretary Vilsack to do a in depth cost- benefit analysis- click here for our story that has the letter and the full listing of members of Congress that signed the letter.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.