The Grain Inspection, Packers & Stockyards Administration (GIPSA) livestock marketing rule is currently under a cost-benefit analysis, but Agriculture Secretary Tom Vilsack has stated that there is no deadline for completing those considerations.
Public comments were accepted on an extended timeframe regarding perceptions of GIPSA and how the marketing rule should be treated, and those comments are now being processed by chief economist Dr. Joe Glauber of the USDA and his team. These comments may have a significant effect on the final analysis produced by Dr. Glauber.
Despite the lack of a firm deadline, Vilsack has expressed interest in completing the process as quickly as possible while still focusing on accuracy. Vilsack discussed the topic during a hearing regarding the state of the national agricultural economy, during which participants discussed GIPSA and other relevant concerns.
Posted: 3/15/11
