This morning at the NAFB convention a press conference was held the National Cattlemen’s Beef Association (NCBA), the National Pork Producers Council (NPPC), the National Turkey Federation (NTF) and the National Meat Association (NMA) to release the results of an economic analysis of USDA’s proposed livestock and poultry marketing regulation – the so-called GIPSA rule. I’ve posted the audio of the remarks from the presenters below. There is a lot of information in the report. Some key points include their finding that if the rule is imposed as proposed we would see an annual drop in gross domestic product of as much as $1.56 billion, a loos of more than 22,000 jobs and an annual loss of $359 million in tax revenues.

Panelists included Steve Meyer, president of Paragon Economics, who moderated the event; Rob Murphy, senior vice president of Informa Economics; Jim Maxey, a long-time NMA member and past chairman of the board; Bill Donald, Montana rancher and NCBA president-elect; Doug Wolf, Wisconsin pork producer and NPPC president-elect; and John Burkel, Minnesota turkey producer.

You can find the Informa report online.

Here’s where you can listen to or download the press conference audio: Informa GIPSA Rule Press Conference
NAFB Convention Photo Album