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TeachMeFinance.com - explain Grain Inspection, Packers and Stockyards Administration (GIPSA) Grain Inspection, Packers and Stockyards Administration (GIPSA) The term 'Grain Inspection, Packers and Stockyards Administration (GIPSA) ' as it applies to the area of agriculture can be defined as ' An agency established in 1994 that combines the Federal Grain Inspection Service (FGIS) and the Packers and Stockyards Administration (P&S). FGIS provides grain marketing standards and an official inspection system. P&S programs are regulatory in nature to protect livestock producers by ensuring open and competitive markets'.
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