Livestock Biz Gets USDA Honesty Check via Comment Request
Published Date: 4/25/2025
Notice
Summary
The Department of Agriculture is asking for public feedback on a paperwork update that helps protect farmers and ranchers from unfair business practices. This update affects livestock and poultry producers who sell animals for meat, aiming to keep things fair and clear. Comments are open for 30 days after the notice, so don’t miss your chance to weigh in!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Protections for Livestock and Poultry Producers
The Agricultural Marketing Service says the information collection helps the Packers and Stockyards Division protect livestock and poultry producers from unfair, discriminatory, deceptive, or anti-competitive practices. PSD uses data such as number of head purchased and purchase costs to check bonding adequacy and solvency and to support oversight and public reporting under the Packers and Stockyards Act.
Reporting Burden on Livestock Businesses
If you are a business regulated under the Packers and Stockyards Act, you may need to fill out forms and keep records for the Fair-Trade Practices Program. The notice lists 11,320 business respondents with a combined paperwork burden of 49,339 hours and indicates reporting/recordkeeping can occur on occasion, semi-annually, or annually under OMB Control Number 0581-0308.
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