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Regulation Could Drive Up Consumer Costs

A study commissioned by the American Soybean Association indicates that if regulations on U.S. poultry and livestock are increased, costs for consumers would also increase. For example, the report says requiring cage-free housing for laying hens would increase the cost of eggs from $1.68 to $2.10 per dozen, a total cost of 2.66-billion dollars per year to U.S. consumers. Overall, consumers could pay up to 16.8 billion dollars more annually for meat, milk and eggs.

Vanessa Kummer, a soybean farmer from Colfax, North Dakota, and chair of the United Soybean Board, says – this could have a big impact on everyone. The most recent statistics compiled by the soy checkoff show the poultry and livestock sectors support 1.8 million jobs and generate more than 283-billion dollars for the U.S. economy.

Courtesy: NAFB News

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