AMI Requests Economic Impact Analysis Evaluating Effects of American Clean Energy and Security ActWednesday, 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.
share on facebook
share on twitter