The Grain Inspection, Packers and Stockyards Administration (GIPSA) is expected to publish in the Federal Register today the long-awaited final rule implementing several components of 2008 Farm Bill related to livestock and poultry marketing and procurement.
Significantly, the highly controversial sections included in the June 2010 proposed rule are not included. Missing are the onerous provisions involving undue preferences and unfair practices, as well as the agency’s attempt to overturn well-established judicial precedent.
The rule contains sections addressing the suspension of delivery of birds, additional capital investment criteria, a reasonable period of time to remedy a breach of contract and arbitration. These topics were introduced in the June 2010 proposed rule and are largely the same in the final rule.
To read the rest of the story, please go to: American Meat Institute