A dozen senators are urging USDA Secretary Tom Vilsack to follow through on a pledge that a far more rigorous cost-benefit analysis (CBA) will be conducted on the proposed Grain Inspection, Packers and Stockyards Administration (GIPSA) livestock marketing rule.
We are hopeful that the United States Department of Agriculture (USDA) is now on the path to conducting a thorough, comprehensive CBA, which will provide the kind of information that is necessary to understand the potential consequences of this rule, wrote the senators in a letter to Vilsack.
The senators noted that this announcement leads to several relevant questions including:
- To what extent will the USDA Chief Economist Joseph Glauber and the Office of the Chief Economist (OCE) will be involved?
- To what extent will the Office of Information at the White House Office of Management and Budget will be involved?
- What is the scope of the CBA that will be conducted?
- Could the rule actually lead to decreased competition and fewer markets for American producers to market their livestock?
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