WASHINGTON, Nov. 19, 2020 – The U.S. Department of Agriculture (USDA) entered into a stipulation agreement with Victoria Livestock & Poultry Market LLC (Victoria Livestock) of Newark, N.J., on November. 17, 2020, for alleged violations of the Packers and Stockyards (P&S) Act. Under the terms of the stipulation agreement, Victoria Livestock waived its rights to a hearing and paid a penalty of $1,700.
An investigation by USDA’s Agricultural Marketing Service revealed that from April through July 2020, Victoria Livestock failed to pay livestock sellers within the time required by the Act.
The P&S Act requires subject entities to issue the full payment for livestock by the close of the first business day following purchase and transfer of possession. Failure to timely pay for livestock purchases and failure to issue the full payment for purchases is an unfair trade practice and a violation of the P&S Act.
The P&S Act authorizes the Secretary of Agriculture to assess civil penalties up to $29,270 per violation against any person after the notice and opportunity for hearing on the record. USDA may offer alleged violators the option of waiving their right to a hearing and enter into a stipulation agreement to resolve alleged violations quickly.
The P&S Act is a fair trade practice and payment protection law that promotes fair and competitive marketing environments for the livestock, meat, and poultry industries.
For further information about the Packers and Stockyards Act, contact Jeana Harbison, Packers and Stockyards Division, at (202) 720-7051, or by email at Jeana.M.Harbison@usda.gov