An Overview of the Packers and Stockyards Act
By Christopher Kelley · October 15, 2003 · 2003 Ark. L. Notes
In categories: Archive
The Packers and Stockyards Act, 1921, is intended to ensure fair competition and fair trade practices in the marketing of livestock, meat, and poultry. It fulfills a need for specialized regulation of these industries in recognition of their unique marketing and distribution practices.
The Act also “is one of the most comprehensive regulatory measures ever enacted.” In broadly prohibiting monopolistic, unfair, deceptive, and unjustly discriminatory practices, the Act gives the Secretary of Agriculture “complete inquisitorial, visitorial, supervisory, and regulatory power over the packers, stockyards, and all activities connected therewith.”