Definition of WORC, WORC petition

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TeachMeFinance.com - explain WORC, WORC petition



WORC, WORC petition

The term 'WORC, WORC petition ' as it applies to the area of agriculture can be defined as ' The acronym stands for the Western Organization of Resource Councils, a private advocacy organization representing some western ranchers who want USDA to play a more prominent regulatory role in live cattle markets. In 1996, WORC submitted a controversial petition calling on the Department to initiate rulemaking to limit most forward contracting and cattle feeding by meat packers. The Department published the petition for public comment in January 1997 but, as of early 1999, had not decided on whether to issue such a rule, which is opposed by packers and many cattlemen themselves'.

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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".


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