Livestock Packer and Producer Fairness Act of 2002
Last action on Aug 1, 2002Referred to the Subcommittee on Livestock and Horticulture.
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Summary
Livestock Packer and Producer Fairness Act of 2002 - Amends the Agricultural Marketing Act of 1946 to establish minimum per plant per reporting day purchase and slaughter requirements through spot purchases from nonaffiliated producers for a covered packer: (1) that is a cooperative; and (2) that is not a cooperative.
Sets forth transitional requirements for a covered packer with a specified captive cattle supply.
Defines "cooperative," "covered packer," "nonaffiliated producer," and "spot market purchase."
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