AMI Requests Economic Impact Analysis Evaluating Effects of American Clean Energy and Security Act
Wednesday, June 10, 2009(American Meat Institute)
Prior to further consideration by Congress, the American Meat Institute is requesting an economic impact analysis be performed to evaluate the effects of the proposed American Clean Energy and Security Act (H.R. 2454) on the meat and poultry industry, citing serious concerns about the bill’s provisions related to carbon emissions.
“One need look back no further than to
last year to see the impact that high input and
energy costs had on the cost and
competitiveness of meat and poultry products in
the market place and for consumers,” said AMI
President and CEO J. Patrick Boyle in a letter
to House Agriculture Committee leaders. “In
that regard, this cap-and-trade policy could
place U.S. businesses at a competitive
disadvantage with our international
competitors, adversely affecting our ability to
trade. Such disadvantages in the global
market would have the potential for severely
impacting the U.S. animal protein sector from
producer through processor.”
Boyle noted that any legislation focused on cap and trade must not imperil the economic benefits provided by animal agriculture and the meat and poultry industry. The U.S. meat and poultry industry contributes more than $832.4 billion, nearly 6 percent of GDP, to our nation’s economy.
“Legislation passed by Congress must be
economically feasible, not put U.S. businesses
at a competitive disadvantage in the global
market, and provide the United States
Department of Agriculture with a strong
leadership role,” Boyle
said.
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