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Packer Concentration
In United States agricultural regulation, packer concentration is the degree to which a few large firms dominate total sales within segments of the meat-packing industry, which, some farmers and other critics contend, can cause or at least contribute to lower prices for their animals. Market control by five large packers in the early 1900s led to passage of the Packers and Stockyards Act of 1921 (P.L. 67-51; 7 U.S.C. 181 et seq.). Concentration declined after that, but has increased sharply in more recent years. According to USDA, for example, the four largest firms accounted for 82% of the steer and heifer Heifer may refer to: * Heifer (cow), a young cow before she has had her first calf * Frank Heifer (1854–1893), American outfielder and first baseman * '' The Heifer'' (''La vaquilla''), 1985 Spanish comedy film * Heifer International Heifer ... slaughter in 2000, compared with 36% in 1980. Four-firm concentration in hog slaughter was 56% in 2000, compared with 34% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meat-packing Industry
The meat-packing industry (also spelled meatpacking industry or meat packing industry) handles the slaughtering, processing, packaging, and distribution of meat from animals such as cattle, pigs, sheep and other livestock. Poultry is generally not included. This greater part of the entire meat industry is primarily focused on producing meat for human consumption, but it also yields a variety of by-products including hides, dried blood, protein meals such as meat & bone meal, and, through the process of rendering, fats (such as tallow). In the United States and some other countries, the facility where the meat packing is done is called a ''slaughterhouse'', ''packinghouse'' or a ''meat-packing plant''; in New Zealand, where most of the products are exported, it is called a ''freezing works''. An abattoir is a place where animals are slaughtered for food. The meat-packing industry grew with the construction of the railroads and methods of refrigeration for meat preservatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Control
A regulated market (RM) or coordinated market is an idealized system where the government or other organizations oversee the market, control the forces of supply and demand, and to some extent regulate the market actions. This can include tasks such as determining who is allowed to enter the market and/or what prices may be charged.''Encyclopedia of Management'', Pennsylvania State University, Gale, 2009, p. 31. The majority of financial markets such as stock exchanges are regulated, whereas over-the-counter markets are usually not at all or only moderately regulated. One of the reasons for regulation can be the importance of the regulated activity - meaning the harm suffered should the industry fail would be so fatal that regulators ( governments, legislators) cannot afford the risk. This includes fields like banking or financial services. Secondly, it is common for some markets to be regulated under the claim that they are natural monopolies, or that a monopoly would very ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Packers And Stockyards Act Of 1921
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. It was enacted following the release in 1919 of the Report of the Federal Trade Commission on the meatpacking industry. History and passage As the outbreak of World War I occurred and the cost of living rose, President Woodrow Wilson ordered the FTC to investigate the industry from the "hoof to the table" to determine whether or not there were any "manipulations, controls, trusts, combinations, or restraints out of harmony with the law or the public interest." The FTC reported packers were manipulating markets, restricting flow of foods, controlling the price of dressed meat, defrauding producers and consumers of food and crushing competition. The FTC, in fact, recomme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USDA
The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally. It is headed by the Secretary of Agriculture, who reports directly to the President of the United States and is a member of the president's Cabinet. The current secretary is Tom Vilsack, who has served since February 24, 2021. Approximately 80% of the USDA's $141 billion budget goes to the Food and Nutrition Service (FNS) program. The largest component of the FNS budget is the Supplemental Nutrition Assistance Program (formerly known as the Food Stamp program), which is the cornerstone of USDA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cattle
Cattle (''Bos taurus'') are large, domesticated, cloven-hooved, herbivores. They are a prominent modern member of the subfamily Bovinae and the most widespread species of the genus '' Bos''. Adult females are referred to as cows and adult males are referred to as bulls. Cattle are commonly raised as livestock for meat (beef or veal, see beef cattle), for milk (see dairy cattle), and for hides, which are used to make leather. They are used as riding animals and draft animals ( oxen or bullocks, which pull carts, plows and other implements). Another product of cattle is their dung, which can be used to create manure or fuel. In some regions, such as parts of India, cattle have significant religious significance. Cattle, mostly small breeds such as the Miniature Zebu, are also kept as pets. Different types of cattle are common to different geographic areas. Taurine cattle are found primarily in Europe and temperate areas of Asia, the Americas, and Australia. Zeb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heifer (cow)
Cattle (''Bos taurus'') are large, domestication, domesticated, Cloven hoof, cloven-hooved, herbivores. They are a prominent modern member of the subfamily Bovinae and the most widespread species of the genus ''Bos''. Adult females are referred to as cows and adult males are referred to as bulls. Cattle are commonly raised as livestock for meat (beef or veal, see beef cattle), for milk (see dairy cattle), and for hide (skin), hides, which are used to make leather. They are used as riding animals and draft animals (oxen or wikt:bullock, bullocks, which pull carts, plows and other implements). Another product of cattle is Cow dung, their dung, which can be used to create manure or fuel. In some regions, such as parts of India, Cattle in religion, cattle have significant religious significance. Cattle, mostly small breeds such as the Miniature Zebu, are also kept as pets. Different types of cattle are common to different geographic areas. Taurine cattle are found primarily in Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
