USDA Issues Final Rule Regarding Preserving Trust Benefits Under the Packers and Stockyards Act
The U.S. Department of Agriculture (USDA) published a notice in the Federal Register on June 23, 2023, implementing revisions to regulations under the Packers and Stockyards Act (Act). These revisions implement the Livestock Dealer Statutory Trust, which provides financial protection for cash sellers of livestock. These updated regulations are part of USDA’s efforts to support transparency throughout the supply chain and ensure fair prices for farmers and livestock producers. The revisions go into effect on July 24, 2023.
Congress amended the Act providing for a statutory...
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