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The Packers and Stockyards Act of 1921 (7 U.S.C. §§ 181-229b; P&S Act) regulates meatpacking, livestock dealers, market agencies, live poultry dealers, and swine contractors to prohibit unfair or deceptive practices, giving undue preferences, apportioning supply, manipulating prices, or creating a monopoly.
The law was passed in 1921 as part of the Packers and Stockyards Act (7 U.S.C. §§ 181-229b; P&S Act) which was passed in order to "regulate interstate and foreign commerce in live stock, live-stock produce, dairy products, poultry, poultry products, and eggs, and for other purposes."
The Packers and Stockyards Act provides the Secretary of Agriculture the authority to set rates to be paid by agencies for services rendered. Under the Act, however, two conditions are put upon the exercise of this power: (1) The Secretary must be of the opinion that the existing rate is unjust, and (2) this opinion must be the result of a full hearing.
Morris & Company was founded by Nelson Morris in Chicago. [1] In 1902, with Nelson's son Edward Morris as president, it agreed to merge with the other two (Armour & Company and Swift & Company) to form a giant corporation called the National Packing Company. [2]
Union stockyards in the United States were centralized urban livestock yards where multiple rail lines delivered animals from ranches and farms for slaughter and meat packing. A stockyard company managed the work of unloading the livestock, which was faster and more efficient than using railway staff. [ 1 ]
Construction to redevelop one of the last remaining industrial buildings in the Fort Worth Stockyards is expected to begin soon. The abandoned red-brick Armour & Co. Packing Plant on the east end ...
Under the executive order, the Department of Agriculture (USDA) is directed to consider new department rules that would strengthen enforcement of the Packers and Stockyards Act in order to make it easier for farmers to bring and win claims. The FTC is additionally directed to consider new initiatives to prevent equipment manufacturing companies ...
The Grain Inspection, Packers and Stockyards Administration (GIPSA) was an agency of the United States Department of Agriculture that facilitates the marketing of livestock, poultry, meat, cereals, oilseeds, and related agricultural products, and promotes fair and competitive trading practices for the overall benefit of consumers and American agriculture.