To make sure there is fair trade and competitive marketing for livestock and poultry, USDA has submitted a final rule, defining unfair or unreasonable practices. This establishes four specific criteria when determining whether there has been a violation of the Packers and Stockyards Act. These criteria will help determine if the difference in the price paid to producers is based upon a difference in cost savings, competitor’s prices or terms or from reasonable business decisions. The new rule takes effect January 11, 2021.
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