Thursday, August 20, 2009

New Legislation

If you have been following the legislation in Congress lately, you would have heard about the House bill that passed earlier in the month that gives the Government more power to regulate the produce business. Don’t be surprised to find out its going to cost you more for your produce.
Egg prices have already been affected as producers are hit by new costs as a result of food safety measures.
The FDA estimates that the new egg regulations will cost producers $81m annually. At around one cent per dozen, this is equivalent to a more than two percent increase in production costs.
Is the American consumer ready able and willing to have the cost of regulations passed onto them? Will this put a strain on the smaller shipper growers and force them out and create monopolies? Don’t get me wrong safety is good. I am interested in your feedback.

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