AFBF Appreciates Packers and Stockyards Act Updates

Jun 28, 2024

American Farm Bureau Federation President Zippy Duvall commented today on USDA’s release of the Fair and Competitive Livestock and Poultry Markets proposed rule, intended to improve fairness and competition in the livestock, meat and poultry sectors. This is the fourth rule issued by USDA to address fairness and competitiveness in livestock markets under the Packers and Stockyards Act.

“We appreciate USDA’s ongoing work to bring fairness to the marketplace for America’s farmers and ranchers. The proposed rule may impact growers differently depending on their business structure, location and animal species.

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Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.