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Why are Accurate Scales and Weights Important?
When weights are used to determine payment for live poultry, the use of accurate scales, honest weighing practices protect the poultry grower and seller’s right to fair value. Using accurate scales and weights also guards the live poultry dealer’s right to equity.
Who is Responsible for Accurate Scales and Weights?
Please contact your PSD Regional Office with any questions about these forms below.
Who must establish and maintain custodial accounts?
As a market agency selling on commission (market) subject to the Packers and Stockyards Act, 1921, (the P&S Act) you must establish and maintain a custodial account.
What is a custodial account?
A custodial account is a trust account. All payments for livestock by buyers and other funds deposited into the custodial account are trust funds (not owned by you). You have a fiduciary responsibility to protect and preserve the funds entrusted to you for livestock consignors.
Please contact your PSD Regional Office with any questions about these forms below.
Please contact your PSD Regional Office with any questions about these forms below.
Please contact your PSD Regional Office with any questions about these forms below.
Please contact the PSD Central Reporting Unit (CRU) with any questions about these forms at telephone: 303-375-4264 and email:PSD-CRU@usda.gov
Docket Number: AMS-FGIS-20-0022
Dates of Meeting: Postponed
Summary
On March 17, 2020, The Agricultural Marketing Service (AMS) published a notice that announced the next meeting for the Grain Inspection Advisory Committee, which was scheduled for April 1, 2020, 8:30 a.m. to 5:00 p.m. & April 2, 2020, 8:30 a.m. to 5:00 p.m. AMS is publishing this notice to announce that this federal advisory committee meeting has been postponed and will be re-scheduled at a later date.
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