The House Appropriations Committee approved an amendment to the fiscal 2017 agricultural spending bill that prevents the Grain Inspection, Packers, and Stockyards Administration from implementing regulations that would negatively affect livestock producers. GIPSA proposed sweeping regulation changes in 2010, called the “GIPSA Rule,” that would limit farmers ability to sell animals, dictated private contract terms, and made it harder to get farm financing. The Pork Network said it would lead to more vertical integration in the livestock industry. An Informa Economics study found the proposed rule would have cost the US Ag economy almost 23,000 jobs and reduced GDP by $1.56 billion annually. It would have cost the pork supply chain over $300 million per year.
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