Definition of Packers and Stockyards Act of 1921

0-9
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
y
z

search

TeachMeFinance.com - explain Packers and Stockyards Act of 1921



Packers and Stockyards Act of 1921

The term 'Packers and Stockyards Act of 1921 ' as it applies to the area of agriculture can be defined as ' P.L. 67-51 (August 15, 1921) remains, in amended form, the basic authority for USDA to regulate marketing practices in the livestock, poultry, and meat industries. The law was enacted to prevent unfair, deceptive, and monopolistic trade practices, focusing on livestock terminal and auction markets, livestock marketing agencies, dealers, meat packers, and live poultry dealers. The law also includes provisions to ensure that livestock and poultry producers are promptly paid when they sell their animals'.

Previous 5 Terms:
Pacific Disaster Center
Pacific flyway
Packaged air conditioning units
Packaged units
Packer concentration
Next 5 Terms:
paedogenesis
paedology
paedophobia
paedotrophy
paginal




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.