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RCED-84-110 1 (1984-04-13)

handle is hein.gao/gaobacjmz0001 and id is 1 raw text is: STUDY BY THE STAFF OF THE U.S. General Accounting Office Regulation Of The Poultry Industry Under The Packers And Stockyards Act The Department of Agriculture's regulatory authority over the poultry industry has remained fairly stable since 1935. Technological and market changes, however, have moved the industry from one of small independent producers to a highly integrated industry which annually provides U.S. consumers with 50 pounds of poultry per capita. This study presents information on the industry, discusses regulatory differences between the poultry and livestock industries, and highlights issues concerning regulation of the poultry industry. Between 1958 and early 1975, 167 livestock packers' bankruptcies left producers unpaid for some $43 million worth of livestock. These bankruptcies prompted an amend- ment to the Packers and Stockyards Act which introduced safeguards--bonding, trust, and prompt payment require- ments--for livestock producers against losses due to non- payment by packers. During fiscal year 1983, bankruptcies of four poultry proc- essors affected about 1,700 poultry growers who are owed about $14 million. These bankruptcies prompted calls for amending the act to provide the poultry industry protection similar to that for the livestock industry. Processors generally oppose, while growers generally favor, legislative changes to provide similar safeguards to the poultry industry. The Department does not have any plans to seek legislation to change the act's poultry provisions. 1123908 O% APR 984

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