John Dunham and Associates, commissioned by the American Meat Institute (AMI), has released an economic impact study related to a U.S. Department of Agriculture regulatory proposal.

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If put into play, the proposed Grain Inspection, Packers & Stockyards Administration (GIPSA) rule would, among other things, affect the way livestock is purchased. Implementation, says the report, could result in up to 21,274 jobs lost in the livestock industry out of a total 104,000 potential jobs lost. Inefficiencies created by the proposal would also raise meat prices nationally by 3.33%, causing a 1.68% decrease in consumer demand for meat and poultry products. More information on the report can be found here.