Congressmen Press Vilsack on Timeline for GIPSA Analysis

February 19, 2011 02:09 AM
 

Source: American Meat Institute

During a House Agriculture Committee hearing Friday on the state of the U.S. farm economy, two Democratic committee members questioned USDA Secretary Tom Vilsack about a timeline for completion of an economic analysis of the department’s controversial Grain Inspection, Packers and Stockyards Administration (GIPSA) proposed rule. 

In response to inquiries from Rep. Larry Kissell (D-NC) and Rep. Jim Costa (D-CA), Vilsack replied that he did not have a definite timeframe in place for completion of the economic analysis of the proposed rule, being conducted by USDA Chief Economist Joseph Glauber, Ph.D.

USDA has come under increased pressure, including a bipartisan letter signed by 115 members of the House of Representatives, for not conducting a thorough economic analysis of the proposed rule.  

More than 60,000 public comments were filed during the comment period, which closed on November 22, 2010, in response to the rule.  News sources at the hearing quoted Vilsack as saying the public comments were currently being “categorized and reviewed” and the department was “obviously interested in getting this process completed as appropriately and quickly as possible.”

House Agriculture Committee Chairman Frank Lucas (R-OK) followed up this line of questioning by asking Vilsack if the department would go through a notice and comment period on a completed economic analysis before moving forward on a final rule. Vilsack indicated that he would need to consider the request internally before responding.

According to an economic analysis commissioned by the American Meat Institute, the rule could eliminate 104,000 U.S. jobs, reduce national gross domestic product by $14 billion and cost $1.36 billion in lost revenues to the federal, state and local governments. 

For more information on the proposed GIPSA rule, click here: http://meatami.com/gipsa

Back to news

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close