AMI study shows potential harmful effects of GIPSA rule
The results were announced today during a teleconference attended by more than 15 members of the media, including reporters from the Associated Press, Bloomberg and DTN.
The study found that the disruption and resulting inefficiencies in the market should the rule be implemented would increase retail meat prices by 3.33 percent at a national level, causing a 1.68 percent decrease in consumer demand for potentially lower quality meat and poultry products. The study’s findings also highlight the fact that livestock producers would be especially affected by the implementation of this rule, losing as many as 21,274 jobs, many in rural America.