Market agencies selling on commission, GIPSA accepting comments


Posted July 14, 2015 

The United States Department of Agriculture's (USDA) Grain Inspection, Packers and Stockyards Administration (GIPSA) is seeking comments from the public regarding regulations issued under the Packers and Stockyards Act, 1921, as amended and supplemented.

GIPSA regulations address circumstances under which a market agency is allowed to sell livestock on a commission basis to its owners, officers, and employees. GIPSA would like to determine whether additional information is needed in clarifying the circumstances under which key employees of the market agency, those designated as an auctioneer, weighmaster, or salesman, may purchase livestock.

Comments are accepted until August 14, 2015.

For more information, the Federal Register is available here.

For more information on GIPSA, please visit the National Agricultural Law Center’s website here.